Buying or selling a home in Salisbury?

Buying a home is stressful for most people, but with a little planning ahead of time, it isn't all that complex. I like to provide buyers with an outline of the whole deal so they'll know exactly what they can expect. Below are my nine steps to purchasing a home. When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer any questions you have about this information.

Step 1 – Get ready to buy a home
There are many things you should take into account before starting your home search. It's likely that you'll want to form an outline of must-have features, get a plan of what school districts you want to live in, and begin planning your budget. A good rule to follow is that your mortgage payment should be around 1/3 of your monthly income.

Step 2 – Communicate with a real estate agent
That's where I can help. I'd like to schedule a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll discuss neighborhoods, schools in the Salisbury area, the mortgage industry, and any additional economic factors that may potentially affect your buying decision today or in the future.

I can also help you facilitate the loan process. I partner with some of the best mortgage professionals in Salisbury, so you're in great hands. They will assist you with deciding which kind of loan is best for you and help you get approved.

Step 3 – Start your home search
After we meet for the first time, I'll start looking for houses on the market that are a good fit for you. I'll research most of the houses and eliminate the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.

As we tour houses, I'll show you the positive features, as well as negative ones. And I'll ask you to tell us about things you like and don't like. Oftentimes, buyers update their wish list as we view homes and some things become more necessary than others. If that happens, I'll look through all the listings another time and trim it down to the house you've been waiting for.

Step 4 – Comprehend the market
My understanding of the Salisbury market is an imperative component in your home search. I'm familiar with all the school districts and neighborhoods, and I'll alert you to certain districts are "hot" and demand immediate action and the ones that are "cool" and allow for thoughtful analysis.

When we tour homes, I'll be sure to tell you when the seller's asking price has room for negotiation 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 claim to understand the home market. If it doesn't seem like they know everything, call me at (704) 245-6184 or e-mail me at , and I'd be glad to answer your questions. My knowledge of the market will help you stay a step ahead throughout the entire deal.

Step 5 – Find the house you've been looking for
We'll find your dream house in the Salisbury area, and when we do, I'll precisely develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, finishing the home inspection, and a clean title.

When turning in your purchase offer, you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property, and it's often applied to the closing costs. If your offer is accepted, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.

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

How aggressively we negotiate the contract depends on the state of the market. We'll also work within your financing constraints. And at the end of the day, we'll put together a contract that's best for you.

Step 7 – Get a loan
Once the contract is signed, you'll start working with your mortgage lender to close the loan. If you're pre-qualified, this won't be a long process at all, but you need to stay in close contact with your lender. And I'll look after all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of taking your application. The estimate depends on the loan amount. RESPA requirements order that it has to include all closing costs and be within a tight range of accuracy, and I'll study the estimate and let you know if everything looks adequate.

Then it's time to close on your home. This will most likely happen at a title company or escrow office and will likely be a smooth and comfortable affair.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, be sure to call me at (704) 245-6184 or e-mail me at .