Are you contemplating purchasing your home in Salisbury? TMR Realty, Inc. can help.

Purchasing a home is stressful for most people, but it's not that hard with some up-front planning. I like to give buyers a road map of the whole deal so they'll understand exactly what they can expect. These are my nine steps to purchasing a home. Should you have any questions about this information or if you're prepared to get started, just contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
Before you begin searching for a home, there are several things you'll want to contemplate. It's likely that you'll want to assemble a list of features you need, get a feeling for what school districts and neighborhoods you'd like to live in, and start working on your budget. Keeping your mortgage payment around 30 percent of your monthly income is a good principle to adhere to.

Step 2 – Speak with a real estate agent
That's where I come in. I'd be more than happy to set up a time to meet with you and communicate with you about your real estate needs and get an idea of your upcoming plans. We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and schools in the Salisbury area.

In addition, I'll help you facilitate the loan process. TMR Realty, Inc. partners with some of the best mortgage professionals in Salisbury, so you can rest assured that you're in great hands. They can help you choose which type of loan is best for you, as well as help you get approved.

Step 3 – Begin house-hunting
After we meet, I'll begin finding houses on the market that meet your needs. I'll get a sneak peek of most of the houses and throw out the duds, and then we'll book appointments to view the homes whenever it's convenient for you.

When we tour homes, I'll identify positive features, as well as bad ones. And I'll ask you to talk about things you like and don't like. Oftentimes, buyers change their must-have list as we tour homes and some features become more necessary than others. If that's the case, I'll search the listings again and narrow it down to the home you've been wishing for.

Step 4 – Know the housing market
My knowledge of the Salisbury housing market is an imperative component in your home search. I am conscious of all the school districts and neighborhoods, and I can let you know which neighborhoods are "hot" and require prompt action and the ones that are "cold" and allow for cautiousness.

As we view houses, I'll be sure to tell you if the list price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, be on guard and be sure to ask lots of questions. Every REALTOR in Salisbury will convince you they truly understand the market. If it doesn't seem like they know everything, just call me at (704) 245-6184 or e-mail me at , and I'll be glad to answer your questions. My market expertise will help you stay a step ahead through the entire deal.

Step 5 – Find the house you've been looking for
I'm positive we'll find the home of your dreams in the Salisbury area. When that happens, I'll thoroughly develop your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as acquiring financing, carrying out the home inspection, and a clean title.

When we submit your offer, you'll likely need to submit "earnest money." This is a cash deposit given to a home seller to secure an offer to buy the property, and it's usually applied to the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the first offer, and it's very common to receive a counter offer. But don't let this discourage you. We'll talk about whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and move on.

Market conditions determine how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And at the end of the day, we'll create a contract that is best for you.

Step 7 – Get a loan
Upon completing the contract, you'll begin working with your mortgage lender to close the loan. It shouldn't take long at all if you're pre-qualified, but you'll want to stay in close contact with your lender. And I'll care for all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) outlining your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of accepting your loan application. This estimate depends on the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a tight range of accuracy, and I'll analyze the estimate and let you know if everything looks permissible.

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

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