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Are you looking to buy a new home in Needham? Louis Wolfson & Co. can help.

Purchasing a home can be stressful for most people. However, with some planning ahead of time, it isn't that complex. So they understand exactly what they can expect, I like to provide buyers with an overview of the entire deal. Here are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have regarding this information.

Step 1 – Get ready to buy a home
Before you start searching for a home, there are many things you'll want to take into account. You'll most likely want to put together a checklist of items you want, plan for what school districts you'd like to live in, and begin planning around your budget. A good guideline to go by is that your mortgage payment should be around 1/3 of your net monthly income.

Step 2 – Get in touch with a real estate agent
That's where I come in. I'd be happy to arrange a time to get together with you and speak with you about your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, school districts in the Needham area, the mortgage and housing industries, and any other economic factors that may affect your buying decision today or in the future.

In addition, I'll help you begin the loan process. Louis Wolfson & Co. works with some of the finest mortgage professionals in Needham, so you're in great hands. They will help you decide which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin house-hunting
After our first meeting, I'll start finding available homes on the market that meet your needs. I'll preview many of the houses and ignore the bad ones, and then we'll set up appointments to tour the houses when it's most convenient for you.

As we view homes, I'll point out good features and bad ones. I'll even ask you about things you like and don't like. It's common for buyers to change their list of must-haves as we tour houses and some items become more substantial than others. If that's the case, I'll go back through the listings again and narrow it down to the home of your dreams.

Step 4 – Comprehend the housing market
My knowledge of the Needham home market is a leading aspect in your home search. I'm acquainted with all the neighborhoods and school districts, and I'll communicate which areas are "hot" and call for immediate action and others that are "cool" and allow for thoughtful analysis.

As we tour houses, I'll make sure to communicate if the asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be mindful and be sure to ask plenty of questions. Any real estate agent in Needham will tell you they comprehend the home market. If it appears they don't know everything, just call me at (617) 799-3326 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 above the rest throughout the entire process.

Step 5 – Find the house you've been looking for
We'll find the home of your dreams in Needham, and when that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as getting financing, completing the home inspection, and a clear title.

Upon submitting your offer, you'll want to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property, and it's often put towards the closing costs. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts aren't closed on the beginning offer – it's really common to receive a counter offer. Don't let it discourage you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

The state of the market determines how aggressively we negotiate the deal. In addition, we'll work within your financing budget. And when it's all said and done, we'll assemble a deal that is best for you.

Step 7 – Secure financing
Once the contract is complete, you'll begin working with your lender to close the loan. It won't take long at all if you're pre-qualified, but you'll need to stay in close contact with your mortgage 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
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your application. This estimate is based on the loan amount. RESPA requirements order that it has to include all closing costs and be within a strict range of accuracy, and I'll analyze the estimate and let you know if everything looks good.

Then it's time to close on your home. This will likely occur at a title company or escrow office and is often a smooth and stress-free affair.

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

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