Let Manning Realty At The Beach assist you in buying a new home in North Myrtle Beach
For a lot of people, purchasing a home can be a stressful event. But with a little up-front planning, it isn't that difficult.
So you understand exactly what to expect, I like to give my buyers an outline of the whole deal.
Below are my nine steps to buying a home.
When you're ready to get started, simply contact me here or send me e-mail
. I'm glad to answer any questions you have regarding this information.
Step 1 – Get ready to purchase a home
Prior to starting your home search, there are many things you need to take into account.
When you start your search, you'll want to create a list of must-have features, get a feeling for what neighborhoods you'd like to live in, and begin planning your budget.
Ensuring your mortgage payment is around 1/3 of your net monthly income is a good principle to adhere to.
Step 2 – Contact a real estate agent
That's where I come in.
I'd be more than happy to plan a time to get together with you and speak with you regarding why you want to buy a home and get an idea of your upcoming plans.
We'll talk about the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the North Myrtle Beach area.
I'll also assist you in getting started on your loan.
There are some excellent mortgage professionals in North Myrtle Beach, and I partner with a lot of them, so you'll be in great hands.
They can help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Start your search
After we meet for the first time, I'll start searching for available houses on the market that are good for you.
I'll research many of the houses and reject the duds, and then we'll schedule appointments to view the homes whenever it's most convenient for you.
When we view homes, I'll call attention to positive features and negative ones. And I'll ask you about things you like and dislike.
Frequently, buyers revise their list of must-haves as we tour houses and some features become more crucial than others.
If that's the case, I'll search the listings once again and trim it down to the home of your dreams.
Step 4 – Get a feel for the housing market
Your agent's knowledge of the North Myrtle Beach home market is a necessary aspect in your home search. And I assure you I'm conscious of all the school districts and neighborhoods, and I'll let you know which neighborhoods are "hot" and warrant immediate action and the rest that are "cool" and allow for thoughtful examination.
As we tour homes, I'll be sure to tell you if the seller's asking price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask lots of questions. Any real estate agent in North Myrtle Beach will tell you they comprehend the home market.
If things don't add up, just call me at (843) 249-4994 or e-mail me at LisaGabrielRealtor@gmail.com, and I'd be more than happy to answer any questions you might have. My market expertise will keep you a step above the rest throughout the entire deal.
Step 5 – Find the house of your dreams
I'm sure we'll find the house of your dreams in North Myrtle Beach, and when we do, I'll carefully develop your home purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.
When we send in your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit given to the home seller to secure an offer to buy the property and is typically put towards the cost of closing. If the offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
A lot of deals aren't closed on the beginning offer, and it's extremely common to receive a counter offer. But don't let it discourage you. We'll discuss whether or not to consent to the counter offer, propose our own counter offer, or decline the seller's offer and move on.
The state of the market will play a big part in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And at the end of the day, we'll formulate a deal that works well for you.
Step 7 – Get your loan
Upon completing the contract, you'll start working with your mortgage lender to close the loan.
This shouldn't be a long process at all if you've been pre-qualified, but you should to stay 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 Good Faith Estimate (GFE) outlining closing costs from your lender within three days of getting your loan application.
The estimate depends on the loan amount, and RESPA requirements order that it has to include all closing costs and be within a precise range of accuracy. I'll go over the estimate and let you know if everything looks all right.
Then we'll close on your home. This will probably occur at a title company or escrow office and should be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just call me at (843) 249-4994 or send me an e-mail.