Let TMR Realty, Inc. help you with purchasing a home in Salisbury

Buying a home is a stressful event for a lot of people, but it isn't very confusing with a little up-front planning. So they understand exactly what they can expect, I will give buyers an outline of the entire deal. These are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.

Step 1 – Get ready to purchase a home
Before you start your home search, there are several things you need to do. When you start your search, you'll want to make an outline of items you need, get an idea of what neighborhoods you want to live in, and begin working on your budget. Keeping your mortgage payment around 30 percent of your monthly income is a good guideline to go by.

Step 2 – Connect with a real estate agent
This is where I can help. We can set up a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll discuss neighborhoods, school districts in the Salisbury area, the mortgage and housing industries, and any other economic factors that could potentially affect your buying decision today or in the future.

In addition, I'll help you get started on your loan. I work with some of Salisbury's best mortgage professionals, so you're in great hands. They can assist you with choosing which kind of loan is best for you and help you get qualified.

Step 3 – Start house hunting
After we meet, I'll start searching for available houses on the market that suit your needs. I'll research many of the homes and reject the duds, and then we'll book appointments to tour the houses when it's most convenient for you.

As we view houses, I'll call attention to good features, as well as negative ones. And I'll ask you to talk about things you like and dislike. It's common for buyers to change their must-have list as we tour houses and some items become far more necessary than others. If that's the case, I'll go back through the listings once again and narrow it down to the home you've been wishing for.

Step 4 – Get a grasp of the housing market
Your agent's awareness of the Salisbury housing market is an essential factor in your house search. And I can assure you I'm informed of all the neighborhoods and schools, and I can let you know some areas are "hot" and demand immediate action and some that are "cold" and allow for careful analysis.

When we tour homes, I'll be sure to tell you when the seller's asking price has room for negotiation and when I believe the home is "priced to sell." Every real estate agent in Salisbury will tell you they comprehend the home market, but be wary, and make sure you ask a lot of questions. If things don't add up, just call me at (704) 245-6184 or e-mail me at , and I'd be more than happy to answer any questions you might have. My market knowledge will keep you a step ahead through the entire deal.

Step 5 – Find your dream house
We'll find the home of your dreams in Salisbury, and when we do, I'll precisely create your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies, such as obtaining financing, completing the home inspection, and a clear title.

When we send in your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to purchase the property, and it's usually put towards the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most deals don't close on the beginning offer, and it's pretty common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the deal depends on market conditions. We'll also work within your financing budget. And at the end of the day, we'll assemble a contract that is best for you.

Step 7 – Secure financing
Once the contract is finalized, you'll start working with your mortgage lender to close the loan. This won't take very long at all if you've been pre-approved, but you need to keep in close contact with your lender. And I'll look after all the property information your mortgage 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 receiving your application. This estimate is based on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a close range of accuracy. I'll analyze the estimate and let you know if it all looks okay.

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

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