Purchasing a home in Tucumcari

Buying a home intimidates many people. However, with some up-front planning, it isn't all that complex. I like to give buyers an overview of the entire deal so they know exactly what they can expect. Below are my nine steps to buying a home. Should 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 a home
There are many things you need to consider before you start looking for a home. It's likely that you'll want to make an index of items you want to have, plan for what neighborhoods and school districts you'd like to live in, and begin planning your budget. Keeping your mortgage payment less than 30 percent of your monthly income is a good principle to adhere to.

Step 2 – Talk to a real estate agent in Tucumcari
This is where I can help. I'd like to book a time to get together with you and speak with you regarding your real estate needs and get an idea of your upcoming plans. We'll discuss neighborhoods, school districts in the Tucumcari area, the mortgage and housing industries, and any other economic factors that may potentially affect your purchase today or in the future.

I can also assist you in getting started on your loan. I work with some of the best mortgage professionals in Tucumcari, so you'll be in great hands. They'll help you determine which type of loan is best for you, as well as help you get approved.

Step 3 – Start your home search
After our first meeting, I'll start searching for houses on the market that are a great fit for you. I'll research most of the homes and throw out the duds, and then we'll set up appointments to tour the homes when it's most convenient for you.

As we tour the houses, I'll point out positive features and bad ones. I'll even ask you to talk about things you like and don't like. Generally, buyers change their must-have list as we tour houses and some things become more essential than others. If such is the case, I'll look through all the listings once more and trim it down to the house you've been waiting for.

Step 4 – Comprehend the market
My awareness of the Tucumcari home market is a crucial factor in your house search. I am acquainted with all the neighborhoods and schools, and I will communicate what neighborhoods are "hot" and require prompt action and the ones that are "cold" and allow for thoughtful consideration.

When we tour homes, I'll be sure to tell you when the seller's asking price has room for bargaining and when I think the house is "priced to sell." Every REALTOR in Tucumcari will convince you they truly know the home market, but be careful, and make sure you ask a lot of questions. If things don't add up, contact me at 575 461-2100 or e-mail me at , and I'll be glad to answer any questions you might have. My knowledge of the market will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home you've been looking for
We'll find your dream home in Tucumcari, and when we do, I'll carefully develop your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as acquiring financing, finishing the home inspection, and a clear title.

When we present your purchase offer, you'll likely want to present "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property and is typically applied to the closing costs. If the offer is accepted by the seller, we should close about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the initial offer – it's very common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.

Market conditions determine how aggressively we negotiate the contract. In addition, we'll work within your financing budget. And at the end of the day, we'll assemble a contract that is best for you.

Step 7 – Secure your loan
After we sign the final contract, you'll begin working with your lender to close the loan. This won't take much time at all if you're pre-qualified, but you should to keep in close contact with your mortgage lender. And I'll deal with all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will send you a Loan Estimate (LE) of closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of receiving your application. This estimate is based on the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a strict range of accuracy, and I'll review the estimate and let you know if everything looks adequate.

Then we'll close on your house. This will most often take place at a title company or escrow office and will probably be a smooth and pleasant occasion.

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