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

Purchasing a home intimidates most people. However, with a bit of up-front planning, it isn't all that complicated. So they'll know exactly what to expect, I will give buyers an overview of the entire deal. Here are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer any questions you have about this information.

Step 1 – Prepare to purchase a home
There are a lot of things you need to do before you start searching for a home. When you begin your search, you'll want to assemble an index of must-haves, get a feeling for what school districts you'd like to live in, and start working on your budget. A good principle to go by is that your mortgage payment should be less than or close to 30 percent of your monthly income.

Step 2 – Talk to a real estate agent
That's where I can help. I'd like to schedule a time to meet with you and speak with you regarding your real estate needs and get an idea of your upcoming plans. We'll talk about neighborhoods, schools in the Salisbury area, the mortgage and housing industries, and any additional economic factors that may potentially affect your purchase today or in the future.

I'll also help you begin the loan process. TMR Realty, Inc. partners with some of the best mortgage professionals in Salisbury, so you're in great hands. They will assist you with determining which kind of loan is best for you and help you get qualified.

Step 3 – Start looking for a house
Following our initial meeting, I'll start looking for available houses on the market that meet your needs. I'll research many of the homes and ignore the bad ones, and then we'll set up appointments to tour the houses whenever it's most convenient for you.

As we tour the houses, I'll show you the positive features, as well as bad ones. And I'll ask you to talk about things you like and dislike. It's common for buyers to update their must-have list as we view homes and some things become far more necessary than others. If that's the case, I'll look through all the listings one more time and trim it down to the home you've been wishing for.

Step 4 – Know the market
Your agent's understanding of the Salisbury home market is an essential agent in your home search. And I assure you I'm conscious of all the schools and neighborhoods, and I will alert you to what districts are "hot" and warrant immediate action and others that are "cold" and allow for thoughtful analysis.

When we tour homes, I'll make sure to communicate when the seller's list price has room for negotiation and also when I know the house is "priced to sell." When working with an agent, be mindful and be sure to ask lots of questions. Any REALTOR will convince you they comprehend the housing market. If things don't add up, call me at (704) 245-6184 or e-mail me at , and I'll be more than happy to answer any questions you have. My market knowledge will help you stay a step above the rest through the entire process.

Step 5 – Find the home you've been looking for
We'll find the house of your dreams in Salisbury, and when that happens, I'll precisely develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including some contingencies. A few examples are getting financing, carrying out the home inspection, and a clean title.

When we turn in your offer, you'll want to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property. The amount is typically 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 after. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of deals don't close on the beginning offer. It's widely common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and go on.

Market circumstances will play a large role in how aggressively we negotiate the contract. We'll also work within your financing limits. And at the end of the day, we'll assemble a contract that's best for you.

Step 7 – Obtain a loan
After the deal is signed, you'll begin working with your lender to close the loan. If you've been pre-approved, it won't take long at all, but you should to stay in close contact with your mortgage lender. And I'll sort out all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of accepting your loan application. This estimate rests on the loan amount, and RESPA requirements require that it has to contain all closing costs and fall within a tight range of accuracy. I'll go over the estimate and let you know if everything looks okay.

Then we'll close on your house. This will most often take place at a title company or escrow office and should be a smooth and relaxed occasion.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, simply call me at (704) 245-6184 or e-mail me at .