Are you purchasing a new home in Salisbury? TMR Realty, Inc. can help.

For a lot of people, buying a home can be an intimidating event. However, with some planning ahead of time, it isn't too confusing. I like to furnish buyers with a road map of the entire deal so they'll understand exactly what they can expect. Here are my nine steps to buying a home. Should you have questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to buy a home
Prior to starting your home search, there are plenty of things you should take into account. It's likely that you'll want to assemble a checklist of features you need, get a plan of what neighborhoods and school districts you want to live in, and start planning your budget. A good rule to go by is that your mortgage payment should be less than 30 percent of your net monthly income.

Step 2 – Speak with a real estate agent
This is where TMR Realty, Inc. can help. We can set up a time to meet so we can talk 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 might affect your purchase today or in the future, as well as neighborhoods and school districts in the Salisbury area.

In addition, I'll assist you in getting started on your loan. I work with some of Salisbury's best mortgage professionals, so you'll be in great hands. They can assist you in deciding which type of loan is best for you and help you get approved.

Step 3 – Begin looking for a home
Following our first meeting, I'll start finding available houses on the market that are a great fit for you. I'll get a sneak peek of many of the homes and exclude 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 identify positive features, as well as bad ones. I'll also ask you to tell us about things you like and don't like. Frequently, buyers change their must-have list as we tour homes and some things become far more substantial than others. If that happens, I'll look through the listings one more time and narrow it down to the house of your dreams.

Step 4 – Get a grasp of the market
My awareness of the Salisbury market is a leading component in your house search. I'm informed of all the neighborhoods and school districts, and I'll alert you to what districts are "hot" and call for immediate action and others that are "cool" and allow for thoughtful consideration.

As we tour homes, I'll make sure to communicate when the list price has room for negotiation and when I trust the home is "priced to sell." Be mindful and make sure you ask your agent lots of questions, as any real estate agent in Salisbury will convince you they know the housing market. If things don't add up, contact me at (704) 245-6184 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market expertise will help you stay a step above the rest through the entire deal.

Step 5 – Find the house you've been looking for
I know we'll find the house of your dreams in Salisbury. When that happens, I'll carefully develop your home purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are getting financing, carrying out the inspection, and a clear title.

When we present your offer, you'll want to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property, and it's most often applied to the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts aren't closed on the initial offer, and it's extremely common to receive a counter offer. Don't let this discourage you. We'll discuss whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and move on.

Market circumstances will play a role in how aggressively we negotiate the deal. In addition, we'll work within your financing limits. And at the end of the day, we'll assemble a deal that is best for you.

Step 7 – Obtain financing
Once we sign the final sales contract, you'll begin working with your mortgage lender to close the loan. If you've been pre-qualified, this won't take much time at all, but you'll want to stay in close contact with your mortgage lender. And I'll look after all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) of closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your application. The estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a close range of accuracy, and I'll go over the estimate and let you know if everything looks permissible.

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

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