Buying or selling a home?

Buying a home intimidates a lot of people, but with some planning ahead of time, it isn't that hard. I like to supply buyers with an overview of the entire deal so they know exactly what to expect. Here are my nine steps to buying a home.

Looking for listings? Click here to see my homes, or contact me today to get you more information on any home in the area.

Step 1 – Get ready to buy a home
There are several things you need to do before beginning your home search. You'll most likely want to make a check list of features you need, get a plan of what neighborhoods and school districts you'd like to live in, and begin planning around your budget. A good guideline to adhere to is that your mortgage payment should be less than or around a third of your monthly income.

Step 2 – Speak with a real estate agent in Manorville
That's where I can help. I'd be happy to plan a time to meet with you and communicate with you regarding your real estate needs and get an idea of your plans for the future. We'll discuss neighborhoods, schools in the Manorville area, the mortgage and housing industries, and any additional economic factors that could affect your purchase today or in the future.

I'll also assist you in getting started on your loan. I partner with some of Manorville's finest mortgage professionals, so you can rest assured that you're in great hands. They will help you choose which kind of loan is best for you, as well as help you get qualified.

Step 3 – Start your home search
After we meet, I'll start finding homes on the market that suit your needs. I'll research many of the houses and remove the duds, and then we'll book appointments to tour the houses at a time that's convenient for you.

When we view the homes, I'll identify positive features and bad ones. And I'll ask you to talk about things you like and dislike. It's common for buyers to amend their must-have list as we tour houses and some things become more necessary than others. If that's the situation, I'll go back through all the listings again and narrow it down to the home you've been dreaming about.

Step 4 – Get a feel for the market
My understanding of the Manorville housing market is an indispensable benefit in your search. I am acquainted with all the neighborhoods and schools, and I'll communicate which districts are "hot" and demand prompt action and the ones that are "cold" and allow for thoughtful examination.

When we view homes, I'll make sure to communicate when the list price has room for bargaining and also when I know the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask plenty of questions. Every REALTOR® will convince you they truly know the market. If things don't add up, contact me at (631) 281-8600 or e-mail me at talmagetrail@aol.com, and I'll be glad to answer any questions you may have. My understanding of the market will keep you a step above the rest throughout the entire process.

Step 5 – Find the house of your dreams
I'm positive we'll find your dream home in the Manorville area, and when we do, I'll precisely develop your home purchase offer. The offer will be written exactly to your needs. Whenever necessary, I never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.

Let Talmage Trail Realty guide you through finding your dream home in Manorville When we submit your offer, you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property. The amount is usually applied to the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the initial offer, and it's very common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and move on.

How aggressively we negotiate the deal depends on market circumstances. We'll also work within your financing limits. And at the end of the day, we'll create a contract that works well for you.

Step 7 – Obtain a loan
Once the contract is complete, you'll start working with your mortgage lender to close the loan. If you've been pre-approved, this shouldn't be a long process at all, but you should to stay in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender needs to close the loan.>

Step 8 – Close the deal
Your mortgage lender will provide you with a Good Faith Estimate (GFE) of closing costs within three days of receiving your application. This estimate is based on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a strict range of accuracy. I'll analyze the estimate and let you know if everything looks okay.

Then it's time to close on your home. This should take place at a title company or escrow office and will probably be a smooth and peaceful occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to contact me at (631) 281-8600 or send me an e-mail.