Let TMR Realty, Inc. assist you with purchasing your new home in Salisbury

With a little planning ahead of time, purchasing a home isn't too confusing, but the event is stressful for a lot of people. So they'll know exactly what they can expect, I will supply buyers with an outline 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, you can contact me here or e-mail me at .

Step 1 – Get ready to buy
There are many things you need to contemplate before starting your home search. It's likely that you'll want to create a check list of features you need to have, plan for what neighborhoods you want to live in, and begin working on your budget. A good rule of thumb to follow is that your mortgage payment should be no more than 30 percent of your monthly income.

Step 2 – Speak with a real estate agent in Salisbury
That's where I come in. We can book a time to get together so we can talk about your real estate needs and get an idea of your future plans. We'll discuss neighborhoods, schools in the Salisbury area, the mortgage industry, and any additional economic factors that may potentially affect your purchase today or in the future.

In addition, I'll help you start the loan process. There are some great mortgage professionals in Salisbury, and I partner with a lot of them, so you'll be in great hands. They'll assist you with determining which kind of loan is best for you and help you get approved.

Step 3 – Start looking for a home
After our first meeting, I'll start searching for available homes on the market that best suit you. I'll research many of the houses and remove the bad ones, and then we'll set up appointments to view the houses whenever it's most convenient for you.

When we tour houses, I'll identify positive features, as well as negative ones. And I'll ask you to tell us about things you like and don't like. Oftentimes, buyers update their list of must-haves as we tour homes and some features become more substantial than others. If such is the case, I'll search all the listings again and narrow it down to the home you've been dreaming about.

Step 4 – Understand the housing market
An agent's knowledge of the Salisbury housing market is an essential component in your house search. And I can assure you I'm acquainted with all the schools and neighborhoods, and I can let you know which areas are "hot" and require prompt action and others that are "cool" and allow for more analysis.

As we view houses, I'll let you know if the list price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, be mindful and be sure to ask plenty of questions, as every real estate agent will tell you they know the market. If things don't add up, 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 ahead through the entire process.

Step 5 – Find your dream home
I'm confident we'll find the house of your dreams in Salisbury. When we do, I'll meticulously create your home purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.

When we turn in your offer, you'll probably want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property, and it's often put towards the closing costs. If the offer is accepted, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer, and it's extremely common to receive a counter offer. Don't let it alarm you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.

Market conditions determine how aggressively we negotiate the deal. We'll also work within your financing constraints. And at the end of the day, we'll assemble a contract that's best for you.

Step 7 – Secure a loan
Upon signing the contract, you'll start working with your mortgage lender to close the loan. If you're already pre-qualified, this won't take very long at all, but you should to stay in close contact with your lender. And I'll manage all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) detailing your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of accepting your application. The estimate is based on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a tight range of accuracy. I'll review the estimate and let you know if it all looks good.

Then we'll close on your home. This will likely take place at a title company or escrow office and will most likely be a smooth and relaxed event.

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