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

Purchasing a home is an intimidating event for most people. However, with a bit of planning ahead of time, it's not too complicated. I like to give buyers an overview of the whole deal so they understand exactly what to expect. Here 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 address questions you have regarding this information.

Step 1 – Get ready to purchase
There are several things you should take into account before starting your home search. You'll most likely want to form a list of features you need, get a plan of what neighborhoods and school districts you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is around a third of your net monthly income is a good rule to follow.

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

I'll also help you get started on your loan. TMR Realty, Inc. partners with some of Salisbury's best mortgage professionals, so you can rest assured that you're in great hands. They can assist you with choosing which kind of loan is best for you and help you get approved.

Step 3 – Start looking for a home
After our initial meeting, I'll start finding available houses on the market that are good for you. I'll preview most of the houses and exclude the duds, and then we'll book appointments to view the houses whenever it's convenient for you.

As we view houses, I'll identify good features and negative ones. I'll even ask you what things you like and don't like. It's common for buyers to change their wish list as we view houses and some things become far more essential than others. If that happens, I'll search all the listings another time and trim it down to the home you've been waiting for.

Step 4 – Get a grasp of the housing market
Your agent's knowledge of the Salisbury home market is an imperative factor in your house search. And I assure you I'm familiar with all the neighborhoods and schools, and I'll communicate which districts are "hot" and demand prompt action and some that are "cold" and allow for careful consideration.

As we view homes, I'll let you know if the list price has room for negotiation or if I believe the home is "priced to sell." Every real estate agent in Salisbury will claim to know the home market, but be wary, and be sure to ask your agent plenty of questions. If it appears they don't know everything, contact me at (704) 245-6184 or e-mail me at , and I'll be glad to answer your questions. My understanding of the market will help you stay a step above the rest through the entire process.

Step 5 – Find the house you've been looking for
I know we'll find your dream home in Salisbury. When we do, I'll thoroughly develop your real estate purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.

When sending in your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property, and it's usually put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals aren't closed on the initial offer. It's very common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to agree to the counter offer, present our own counter offer, or refuse the seller's offer and go on.

Market circumstances determine how aggressively we negotiate the deal. We'll also work within your financing limits. And when it's all said and done, we'll put together a contract that works well for you.

Step 7 – Get a loan
Upon finalizing the deal, you'll begin working with your mortgage lender to close the loan. If you've been pre-qualified, this shouldn't take long at all, but you'll need to keep in close contact with your 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 mortgage lender within three days of getting your loan application. The estimate depends on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a tight range of accuracy. I'll analyze the estimate and let you know if it all looks all right.

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

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