Are you buying a new home in Salisbury?

Purchasing a home intimidates many people. However, with a bit of up-front planning, it's not very confusing. So they'll understand exactly what they can expect, I will provide buyers with a road map of the whole deal. Below are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address any questions you have regarding this information.

Step 1 – Prepare to purchase
There are plenty of things you should do before commencing your home search. When you start your search, you'll want to put together a check list of items you want, get a feel for what school districts you want to live in, and start planning around your budget. Ensuring your mortgage payment is less than or close to 30 percent of your net monthly income is a good rule of thumb to follow.

Step 2 – Speak with a real estate agent in Salisbury
That's where I 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 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 can also help you start the loan process. TMR Realty, Inc. partners with some of the best mortgage professionals in Salisbury, so you're in great hands. They'll help you choose which type of loan is best for you, as well as help you get approved.

Step 3 – Begin looking for a home
Following our first meeting, I'll start finding available homes on the market that are a great fit for you. I'll research many of the houses and ignore the duds, and then we'll set up appointments to tour the homes when it's convenient for you.

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

Step 4 – Understand the housing market
My knowledge of the Salisbury market is a necessary agent in your house search. I am conscious of all the neighborhoods and school districts, and I will alert you to some districts are "hot" and warrant prompt action and some that are "cool" and allow for careful examination.

When we tour houses, I'll let you know when the list price has room for negotiation and when I believe the house is "priced to sell." Be careful and be sure to ask your agent plenty of questions, as any real estate agent will tell you they know the market. If things don't add up, call me at (704) 245-6184 or e-mail me at , and I'll be happy to answer any questions you have. My knowledge of the market will keep you a step ahead through the entire process.

Step 5 – Find the home you've been looking for
I'm sure we'll find your dream house in the Salisbury area. When that happens, I'll meticulously develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are obtaining financing, finishing the inspection, and a clean title.

Upon turning in your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property, and it's usually applied to the cost of closing. If your offer is accepted, we should close on the home about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Most deals aren't closed on the beginning offer – it's very common to receive a counter offer. Don't let this discourage you. We'll figure out whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

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

Step 7 – Secure a loan
Upon completing the contract, you'll begin working with your mortgage lender to close the loan. If you're already pre-approved, this shouldn't be a long process at all, but you should to keep in close contact with your mortgage 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) of closing costs from your lender within three days of receiving your loan application. The estimate is based on the loan amount, and RESPA requirements dictate that it has to include all closing costs and fall within a tight range of accuracy. I'll go over the estimate and let you know if it all looks okay.

Then it's time to close on your house. This will probably happen at a title company or escrow office and is often a smooth and hassle-free event.

Step 9 – Move in
Congratulations! It's time to 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 .