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

With a little up-front planning, purchasing a home isn't very hard, but the event is intimidating for a lot of people. So they'll know exactly what to expect, I like to supply buyers with an overview of the entire deal. These are my nine steps to buying a home. Should you have questions regarding this information or if you're ready to get started, simply contact me here or e-mail me at .

Step 1 – Get ready to buy
There are many things you should take into account before commencing your home search. When you begin your search, you'll want to form a list of items you need to have, get a feeling for what neighborhoods you want to live in, and start planning your budget. A good rule to adhere to is that your mortgage payment should be less than or close to 1/3 of your monthly income.

Step 2 – Communicate with a real estate agent in Salisbury
That's where I come in. I'd be happy to book a time to get together with you and speak with you regarding your real estate needs and get an idea of your future 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 help you start the loan process. I work with some of Salisbury's finest mortgage professionals, so you're in great hands. They can assist you in figuring out which kind of loan is best for you and help you get qualified.

Step 3 – Start looking for a home
After our first meeting, I'll start looking for homes on the market that meet your needs. I'll get a sneak peek of many of the houses and ignore the duds, and then we'll schedule appointments to tour the homes when it's most convenient for you.

When we tour the houses, I'll point out good features and negative ones. And I'll ask you to point out what things you like and dislike. It's common for buyers to change their list of must-haves as we view houses and some items become far more important than others. If that's the situation, I'll go back through the listings once more and narrow it down to the house you've been dreaming about.

Step 4 – Know the market
My knowledge of the Salisbury market is a necessary aspect in your house search. I'm conscious of all the school districts and neighborhoods, and I'll let you know which districts are "hot" and demand immediate action and some that are "cool" and allow for careful consideration.

When we view homes, I'll be sure to tell you if the seller's asking price has room for negotiation or if I believe the home is "priced to sell." Be on guard and make sure you ask a lot of questions, as every REALTOR in Salisbury will convince you they comprehend the market. If it seems like they don't know everything, call me at (704) 245-6184 or e-mail me at , and I'd be happy to answer any questions you have. My understanding of the market will keep you a step ahead throughout the entire deal.

Step 5 – Find the home of your dreams
I'm certain we'll find your dream house in Salisbury. When we do, I'll meticulously develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as getting financing, finishing the home inspection, and a clean title.

Upon presenting your offer, you'll probably want to present "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property and is typically put towards the closing costs. If your offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer – it's really common to receive a counter offer. Don't let it intimidate you. We'll consider whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and go on.

The state of the market determines how aggressively we negotiate the deal. We'll also work within your financing limits. And at the end of the day, we'll put together a contract that works well for you.

Step 7 – Secure financing
Upon signing the contract, you'll start working with your lender to close the loan. It shouldn't take much time at all if you've been pre-qualified, but you'll need to stay in close contact with your mortgage lender. And I'll deal with 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 your closing costs from your lender within three days of receiving your application. The estimate rests on the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a precise range of accuracy. I'll study the estimate and let you know if it all looks all right.

Then we'll close on your home. This will most likely occur at a title company or escrow office and will probably be a smooth and calm occurrence.

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