Contemplating purchasing a home in Tucumcari?

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

Step 1 – Prepare to purchase
There are plenty of things you'll want to take into account before commencing your home search. You'll most likely want to put together a list of features you need, get a feeling for what neighborhoods and school districts you want to live in, and start planning your budget. A good guideline to go by is that your mortgage payment should be around 1/3 of your monthly income.

Step 2 – Communicate with a real estate agent in Tucumcari
That's where I come in. We can plan a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll discuss everything from neighborhoods, school districts in the Tucumcari area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.

I can also help you facilitate the loan process. I partner with some of Tucumcari's best mortgage professionals, so you'll be in great hands. They will help you determine which type of loan is best for you, as well as help you get qualified.

Step 3 – Start house hunting
Following our initial meeting, I'll start searching for available houses on the market that are a good fit for you. I'll research many of the houses and reject the duds, and then we'll set up appointments to view the houses when it's convenient for you.

When we view homes, I'll show you the good features and bad ones. And I'll ask you to point out what things you like and don't like. Frequently, buyers update their wish list as we tour houses and some items become more crucial than others. If such is the case, I'll search all the listings one more time and narrow it down to the home you've been dreaming about.

Step 4 – Get a grasp of the market
Your agent's understanding of the Tucumcari market is a necessary component in your house search. And I can assure you I'm acquainted with all the school districts and neighborhoods, and I can communicate some areas are "hot" and require immediate action and the ones that are "cool" and allow for cautiousness.

When we tour houses, I'll let you know if the seller's asking price has room for negotiation or if I believe the house is "priced to sell." Any REALTOR will convince you they understand the housing market, but take notice, and be sure to ask your agent plenty of questions. If it appears they don't know everything, contact me at 575 461-2100 or e-mail me at , and I'll be happy to answer any questions you may have. My understanding of the market will help you stay a step ahead throughout the entire process.

Step 5 – Find the home of your dreams
We'll find your dream home in the Tucumcari area, and when we do, I'll meticulously create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, finishing the home inspection, and a clear title.

When we send in your offer, you'll likely need to submit "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property, and it's usually applied to the cost of closing. If the offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer – it's pretty common to receive a counter offer. But don't let it alarm you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or refuse the seller's offer and move on.

How aggressively we negotiate the deal depends on the state of the market. In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a deal that works well for you.

Step 7 – Secure your loan
Once we sign the final sales contract, you'll begin working with your mortgage lender to close the loan. It won't take very long at all if you're pre-approved, but you need to keep in close contact with your lender. And I'll manage 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 lender within three days of taking your loan application. The estimate is formed from the loan amount, and RESPA requirements mandate that it has to include all closing costs and be within a strict range of accuracy. I'll review the estimate and let you know if everything looks permissible.

Then we'll close on your house. This will probably occur at a title company or escrow office and will most likely be a smooth and relaxed affair.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to contact me at 575 461-2100 or e-mail me at .

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