Buying or selling a home?

Buying a home is a stressful event for many people, but it isn't all that complicated with some planning ahead of time. So they understand exactly what they can expect, I'll supply buyers with an outline of the entire deal. These are my nine steps to purchasing a home. If you have questions about any of this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Get ready to buy
Before you begin your home search, there are a lot of things you should consider. It's likely that you'll want to form a list of items you want to have, get a plan of what school districts and neighborhoods you want to live in, and begin planning around your budget. Keeping your mortgage payment less than 30 percent of your monthly income is a good guideline to follow.

Step 2 – Get in touch with a real estate agent
This is where I come in. I'd be happy to plan a time to meet with you and communicate with you regarding why you want to buy a home and get an idea of your plans for the future. We'll discuss neighborhoods, school districts in the Tucumcari area, the mortgage and housing industries, and any additional economic factors that could affect your buying decision today or in the future.

I can also assist you with getting started on your loan. I work with some of Tucumcari's best mortgage professionals, so you're in great hands. They can assist you with determining which kind of loan is best for you and help you get approved.

Step 3 – Start looking for a house
Following our initial meeting, I'll start searching for homes on the market that are great for you. I'll preview most of the homes and reject the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.

When we tour the houses, I'll point out positive features and bad ones. I'll also ask you to point out what things you like and don't like. It's common for buyers to change their list of must-haves as we view homes and some things become more substantial than others. If that's the situation, I'll look through all the listings another time and trim it down to the house you've been dreaming about.

Step 4 – Comprehend the housing market
An agent's understanding of the Tucumcari housing market is an essential agent in your home search. And I can assure you I'm conscious of all the neighborhoods and schools, and I'll alert you to some areas are "hot" and warrant prompt action and others that are "cold" and allow for cautiousness.

As we view houses, I'll be sure to tell you if the asking price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be on guard and be sure to ask plenty of questions. Every real estate agent will claim to truly know the market. If it doesn't seem like they know everything, call me at 575 461-2100 or e-mail me at , and I'd be glad to answer your questions. My understanding of the market will help you stay a step ahead through the entire deal.

Step 5 – Find the house you've been waiting for
I'm certain we'll find your dream house in Tucumcari. When we do, I'll precisely create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies, such as getting financing, finishing the inspection, and a clean title.

When submitting your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property, and it's usually applied to the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of contracts aren't closed on the first offer – it's pretty common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.

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

Step 7 – Obtain your loan
After the deal is finalized, you'll begin working with your mortgage lender to close the loan. This shouldn't be a long process at all if you've been pre-qualified, but you need to stay in close contact with your lender. And I'll take care of all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) detailing your closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of accepting your application. The estimate is based on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a close range of accuracy. I'll go over the estimate and let you know if it all looks permissible.

Then it's time to close on your home. This will most often occur at a title company or escrow office and will most likely be a smooth and comfortable occasion.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact 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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