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Buying or selling a home?

Buying a home can be stressful for a lot of people, but with a bit of planning ahead of time, it isn't very difficult. I like to supply buyers with an overview of the whole deal so they'll know exactly what to expect. Here are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer any questions you have regarding this information.

Step 1 – Get ready to buy a home
There are several things you need to consider prior to beginning your home search. You'll most likely want to assemble an outline of features you need, get a plan of what school districts you want to live in, and start working on your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good guideline to adhere to.

Step 2 – Connect with a real estate agent
That's where I come in. We can set up a time to get together so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Needham area.

In addition, I'll help you get started on your loan. There are some great mortgage professionals in Needham, and I partner with a lot of them, so you'll be in great hands. They can assist you in deciding which type of loan is best for you and help you get qualified.

Step 3 – Begin looking
After we meet for the first time, I'll begin looking for homes on the market that meet your needs. I'll get a sneak peek of most of the houses and eliminate the duds, and then we'll book appointments to view the houses when it's most convenient for you.

As we tour the houses, I'll point out good features, as well as bad ones. I'll even ask you to talk about things you like and dislike. It's pretty common for buyers to update their wish list as we tour homes and some items become more essential than others. If that's the case, I'll go back through all the listings one more time and trim it down to the house you've been waiting for.

Step 4 – Understand the housing market
My awareness of the Needham home market is a necessary aspect in your house search. I am mindful of all the neighborhoods and schools, and I can communicate certain districts are "hot" and demand prompt action and the ones that are "cool" and allow for thoughtful consideration.

When we tour houses, I'll be sure to tell you when the list price has room for bargaining and when I believe the home is "priced to sell." Trust your instincts and be sure to ask a lot of questions, as every REALTOR in Needham will tell you they truly know the home market. If it appears they don't know everything, call me at (617) 799-3326 or e-mail me at , and I'd be glad to answer any questions you might have. My knowledge of the market will help you stay a step above the rest through the entire process.

Step 5 – Find your dream house
I'm confident we'll find the house of your dreams in Needham. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are getting financing, carrying out the home inspection, and a clean title.

Upon submitting your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property, and it's usually applied to the closing costs. If the seller accepts the offer, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the initial offer – it's very common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

Market circumstances will play a large role in how aggressively we negotiate the contract. We'll also work within your financing budget. And at the end of the day, we'll create a deal that works well for you.

Step 7 – Get your loan
Once we sign the final contract, you'll begin working with your lender to close the loan. If you're pre-approved, this won't take very long at all. But you'll need to keep 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
Your mortgage lender will give you a Loan Estimate (LE) outlining closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your application. This estimate depends on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and be within a narrow range of accuracy. I'll analyze the estimate and let you know if everything looks adequate.

Then it's time to close on your house. This will most often occur at a title company or escrow office and will most often be a smooth and relaxing affair.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, simply contact me at (617) 799-3326 or e-mail me at .

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