Buying or selling a home? TMR Realty, Inc. can help.

Buying a home is an intimidating event for a lot of people, but with some planning ahead of time, it isn't that complicated. I like to give buyers an overview of the entire deal so they understand exactly what to expect. Here are my nine steps to buying a home. When you're ready to get started, just 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 begin your home search, there are a lot of things you should consider. When you start your search, you'll want to assemble an outline of items you want, get an idea of what school districts you'd like to live in, and begin working on your budget. Keeping your mortgage payment around 1/3 of your net monthly income is a good principle to follow.

Step 2 – Get in touch with a real estate agent
That's where I come in. We can arrange a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll discuss the mortgage industry, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Salisbury area.

I'll also help you facilitate the loan process. I work with some of Salisbury's finest mortgage professionals, so you'll be in great hands. They'll help you choose which type of loan is best for you, as well as help you get qualified.

Step 3 – Start looking for a home
After we meet, I'll start looking for available houses on the market that are good for you. I'll research most of the homes and ignore the bad ones, and then we'll set up appointments to tour the houses whenever it's convenient for you.

As we view houses, I'll identify good features, as well as negative ones. And I'll ask you to point out what things you like and don't like. Most often, buyers update their must-have list as we view houses and some items become more crucial than others. If such is the case, I'll search the listings again and narrow it down to the house you've been waiting for.

Step 4 – Understand the housing market
Your agent's awareness of the Salisbury housing market is an essential factor in your house search. And I assure you I'm informed of all the neighborhoods and schools, and I'll let you know which neighborhoods are "hot" and demand prompt action and others that are "cool" and allow for thoughtful examination.

As we tour homes, I'll let you know when the seller's asking price has room for negotiation and when I believe the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask plenty of questions. Any real estate agent will tell you they comprehend the home market. If it appears they don't know everything, just call me at (704) 245-6184 or e-mail me at , and I'll be glad to answer any questions you might have. My market knowledge will help you stay a step above the rest throughout the entire process.

Step 5 – Find your dream home
I'm confident we'll find your dream house in the Salisbury area. When we do, I'll precisely create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, finishing the home inspection, and a clean title.

When submitting your offer, you'll probably want to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to purchase the property and is most often put towards the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of contracts don't close on the first offer – it's really common to receive a counter offer. Don't let it alarm you. We'll consider whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the contract depends on the state of the market. In addition, we'll work within your financing limits. And when it's all said and done, we'll create a contract that works well for you.

Step 7 – Secure your loan
After we sign the final contract, you'll begin working with your mortgage lender to close the loan. This shouldn't take very long at all if you're already pre-approved, but you should to keep in close contact with your mortgage lender. And I'll care for all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of taking your application. The estimate is formed from the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a close range of accuracy. I'll analyze the estimate and let you know if everything looks all right.

Then it's time to close on your house. This will most likely happen at a title company or escrow office and will most often be a smooth and pleasant occasion.

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