Contemplating buying your home in Salisbury?

Buying a home can be stressful for most people. However, with a little planning ahead of time, it's not very hard. I like to give buyers an overview of the entire deal so they understand exactly what they can expect. These 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 questions you have regarding this information.

Step 1 – Get ready to buy
There are plenty of things you'll want to contemplate before beginning your home search. When you start your search, you'll probably want to assemble a checklist of features you need to have, get a feel for what neighborhoods you want to live in, and begin working on your budget. A good guideline to go by is that your mortgage payment should be less than a third of your net monthly income.

Step 2 – Get in touch with a real estate agent in Salisbury
That's where I come in. We can set up a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll talk about everything from neighborhoods, schools in the Salisbury area, the mortgage industry, to any other economic factors that could affect your buying decision today or in the future.

I'll also help you start the loan process. There are some excellent mortgage professionals in Salisbury, and I work with a lot of them, so you're in great hands. They will help you determine which type of loan is best for you, as well as help you get approved.

Step 3 – Begin looking for a home
After we meet, I'll begin looking for available houses on the market that are a good fit for you. I'll preview most of the houses and throw out the bad ones, and then we'll schedule appointments to tour the homes when it's convenient for you.

As we tour homes, I'll point out good features and negative ones. I'll also ask you to talk about things you like and don't like. It's widely common for buyers to revise their list of must-haves as we view homes and some features become far more crucial than others. If that's the case, I'll look through the listings one more time and narrow it down to the house of your dreams.

Step 4 – Know the market
My knowledge of the Salisbury market is a necessary element in your house search. I'm mindful of all the schools and neighborhoods, and I will let you know which districts are "hot" and require prompt action and the ones that are "cold" and allow for careful consideration.

As we tour homes, I'll be sure to tell you when the seller's asking price has room for negotiation and also when I trust the home is "priced to sell." Every real estate agent in Salisbury will tell you they truly know the housing market, but take notice, and be sure to ask your agent plenty of questions. If things don't add up, contact me at (704) 245-6184 or e-mail me at , and I'll be glad to answer any questions you have. My knowledge of the market will help you stay a step above the rest through the entire deal.

Step 5 – Find the home you've been looking for
I know we'll find your dream home in Salisbury. When we do, I'll precisely develop your purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are acquiring financing, carrying out the inspection, and a clear title.

When turning in your offer, you'll want to submit "earnest money." This is a cash deposit made to the seller to secure an offer to purchase the property and is most often applied to the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
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 consider whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

The state of the market will play a role in how aggressively we negotiate the contract. We'll also work within your budget. And when it's all said and done, we'll assemble a deal that's best for you.

Step 7 – Get financing
Once we sign the final sales contract, you'll begin working with your mortgage lender to close the loan. If you're already pre-approved, this won't be a long process at all, but you should to stay in close contact with your lender. And I'll sort out 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) detailing closing costs from your lender within three days of receiving your application. The estimate rests on the loan amount, and RESPA requirements require that it has to contain all closing costs and fall within a precise range of accuracy. I'll analyze the estimate and let you know if it all looks good.

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

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 call me at (704) 245-6184 or e-mail me at .