Buying or selling a home in Tucumcari?

For a lot of people, buying a home can be an intimidating event. However, with a little up-front planning, it's not very complicated. So they'll understand exactly what they can expect, I will provide buyers with an overview of the whole deal. Here are my nine steps to purchasing a home. If you have any questions regarding this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to buy a home
Before you start searching for a home, there are plenty of things you need to contemplate. It's likely that you'll want to form a checklist of features you want, get a plan of what neighborhoods you want to live in, and start working on your budget. A good principle to go by is that your mortgage payment should be a third of your monthly income.

Step 2 – Speak with a real estate agent
This is where I can help. I'd like to arrange a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your future plans. We'll discuss the mortgage industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Tucumcari area.

I can also help you begin the loan process. I work with some of the finest mortgage professionals in Tucumcari, so you can rest assured that you're in great hands. They can help you figure out which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin house hunting
After our first meeting, I'll begin searching for homes on the market that are a good fit for you. I'll preview most of the houses and ignore the duds, and then we'll set up appointments to view the homes when it's most convenient for you.

When we view homes, I'll call attention to good features and negative ones. I'll even ask you what things you like and don't like. It's widely common for buyers to change their list of must-haves as we tour houses and some items become far more substantial than others. If such is the case, I'll search all the listings once more and narrow it down to the home you've been wishing for.

Step 4 – Know the housing market
My knowledge of the Tucumcari home market is a fundamental agent in your house search. I'm informed of all the neighborhoods and schools, and I'll alert you to what districts are "hot" and demand prompt action and the ones that are "cool" and allow for more examination.

As we tour homes, I'll let you know if the list price has room for negotiation or if I believe the house is "priced to sell." Every real estate agent will convince you they truly understand the housing market, but be mindful, and be sure to ask your agent plenty of questions. If things don't add up, call me at 575 461-2100 or e-mail me at , and I'll be more than happy to answer any questions you have. My knowledge of the market will keep you a step ahead throughout the entire deal.

Step 5 – Find your dream house
I'm confident we'll find your dream home in the Tucumcari area. When that happens, I'll precisely create your home purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as getting financing, finishing the home inspection, and a clean title.

When we submit your purchase offer, you'll need to present "earnest money." This is a cash deposit given to a seller to secure the offer to purchase the property and is most often applied to the cost of closing. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the first offer. It's really common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and go on.

How aggressively we negotiate the deal depends on the state of the market. In addition, we'll work within your financing limits. And when it's all said and done, we'll formulate a contract that is best for you.

Step 7 – Secure financing
After the contract is finalized, you'll begin working with your lender to close the loan. If you've been pre-qualified, this won't take much time at all, but you'll need to stay in close contact with your lender. And I'll take care of all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of getting your application. This estimate is formed from the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a close range of accuracy. I'll analyze the estimate and let you know if everything looks all right.

Then it's time to close on your house. This should happen at a title company or escrow office and will most likely be a smooth and stress-free event.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to call me at 575 461-2100 or e-mail me at .

Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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