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Are you purchasing a home in Needham? Louis Wolfson & Co. can help.

For a lot of people, buying a home can be an intimidating event. However, with a bit of planning ahead of time, it isn't all that complex. So they understand exactly what they can expect, I'll furnish buyers with an overview of the whole deal. Below are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to address questions you have regarding this information.

Step 1 – Get ready to purchase
There are several things you'll want to consider before you start looking for a home. When you begin your search, you'll probably want to put together a check list of must-have features, plan for what neighborhoods and school districts you want to live in, and start working on your budget. Keeping your mortgage payment less than or around 30 percent of your monthly income is a good principle to follow.

Step 2 – Connect with a real estate agent in Needham
That's where I can help. I'd love to plan a time to get together with you and speak with you regarding your real estate needs and get an idea of your future plans. We'll talk about everything from neighborhoods, school districts in the Needham area, the mortgage and housing industries, to any other economic factors that could potentially affect your purchase today or in the future.

I can also help you begin the loan process. There are some excellent mortgage professionals in Needham, and I work with a lot of them, so you can rest assured that you're in great hands. They will help you figure out which kind of loan is best for you, as well as help you get approved.

Step 3 – Start your home search
After our initial meeting, I'll begin searching for available houses on the market that are a great fit for you. I'll preview most of the homes and exclude the bad ones, and then we'll set up appointments to view the houses when it's convenient for you.

As we tour the homes, I'll identify good features, as well as bad ones. I'll also ask you about things you like and don't like. It's widely common for buyers to update their must-have list as we tour houses and some things become far more substantial than others. If such is the case, I'll look through the listings another time and narrow it down to the home of your dreams.

Step 4 – Understand the housing market
My knowledge of the Needham market is a fundamental element in your home search. I am informed of all the neighborhoods and school districts, and I will alert you to some districts are "hot" and warrant prompt action and some that are "cool" and allow for more examination.

When we tour homes, I'll let you know when the asking price has room for bargaining and also when I think the home is "priced to sell." Be careful and be sure to ask plenty of questions, as any REALTOR in Needham will tell you they comprehend the market. If it seems like they don't know everything, call me at (617) 799-3326 or e-mail me at , and I'd be more than happy to answer your questions. My market knowledge will help you stay a step ahead through the entire deal.

Step 5 – Find the house of your dreams
We'll find the house of your dreams in the Needham area, and when that happens, I'll thoroughly develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies. A few examples are getting financing, completing the home inspection, and a clean title.

When we submit your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property and is most often applied to the closing costs. If your offer is accepted, we should close within 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the beginning offer – it's widely common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or refuse the seller's offer and move on.

The state of the market will play a role in how aggressively we negotiate the contract. We'll also work within your financing constraints. And when it's all said and done, we'll create a contract that works well for you.

Step 7 – Secure a loan
After the contract is signed, you'll start working with your mortgage lender to close the loan. This shouldn't take long at all if you've been pre-approved, but you'll need to keep in close contact with your mortgage lender. And I'll handle all the property information your mortgage lender will need to close the loan.

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

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

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, make sure you contact me at (617) 799-3326 or e-mail me at .

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