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

Purchasing a home can be stressful for a lot of people, but with some up-front planning, it isn't all that hard. So they understand exactly what they can expect, I will provide buyers with a road map of the whole deal. Here are my nine steps to buying a home. Should you have questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to buy a home
Prior to starting your home search, there are a lot of things you need to consider. When you begin your search, you'll probably want to make a checklist of items you need, plan for what school districts and neighborhoods you'd like to live in, and start working on your budget. Ensuring your mortgage payment is less than a third of your net monthly income is a good rule to follow.

Step 2 – Communicate with a real estate agent in Salisbury
That's where I come in. I'd love to schedule a time to get together with you and speak with you regarding your real estate needs and get an idea of your plans for the future. We'll talk about the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Salisbury area.

In addition, I'll help you facilitate the loan process. There are some excellent mortgage professionals in Salisbury, and I work with a lot of them, so you're in great hands. They will assist you with deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start looking for a house
After we meet for the first time, I'll start looking for houses on the market that best suit you. I'll get a sneak peek of most of the homes and eliminate the duds, and then we'll schedule appointments to tour the homes whenever it's most convenient for you.

When we tour houses, I'll call attention to positive features and negative ones. I'll also ask you to talk about things you like and dislike. It's common for buyers to amend their wish list as we view houses and some features become far more substantial than others. If that's the situation, I'll look through the listings again and narrow it down to the house you've been wishing for.

Step 4 – Know the market
My knowledge of the Salisbury market is an imperative factor in your home search. I am familiar with all the neighborhoods and school districts, and I'll let you know certain neighborhoods are "hot" and call for immediate action and others that are "cool" and allow for careful consideration.

As we tour homes, I'll let you know if the list price has room for negotiation or if I believe the house is "priced to sell." Be on guard and make sure you ask a lot of questions, as any real estate agent will claim to understand the market. If things don't add up, just call me at (704) 245-6184 or e-mail me at , and I'll be glad to answer any questions you have. My understanding of the market will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home you've been looking for
I'm confident we'll find your dream home in Salisbury. When we do, I'll thoroughly create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies. A few examples are obtaining financing, completing the home inspection, and a clear title.

When we send in your offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property. The amount is most often put towards the cost of closing. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the initial offer, and it's very common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and move on.

The state of the market determines how aggressively we negotiate the contract. We'll also work within your budget. And when it's all said and done, we'll put together a contract that is best for you.

Step 7 – Get your loan
Once the contract is complete, you'll start working with your mortgage lender to close the loan. This shouldn't take much time at all if you're already pre-qualified, but you'll need to stay in close contact with your mortgage lender. And I'll handle all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) outlining closing costs within three days of receiving your loan application. You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your application. This estimate depends on the loan amount. RESPA requirements order that it has to include all closing costs and fall within a close range of accuracy, and I'll go over the estimate and let you know if everything looks adequate.

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

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