Purchasing a home in Greenville
Purchasing a home intimidates many people, but it isn't too complex with a bit of up-front planning. We like to supply buyers with an outline of the entire deal so they understand exactly what they can expect. Below are our nine steps to buying a home.
If you have questions about this information or if you're prepared to get started, simply contact us here or send e-mail to email@example.com
Step 1 – Get ready to buy
There are a lot of things you should contemplate before you search for a home. When you start your search, you'll want to put together a list of items you want, get a feel for what neighborhoods you want to live in, and begin planning your budget. Ensuring your mortgage payment is less than 30 percent of your net monthly income is a good guideline to go by.
Step 2 – Speak with a real estate agent in Greenville
That's where we can help. We'd be happy to schedule a time to get together with you and communicate with you about why you want to buy a home and get an idea of your plans for the future. We'll talk about neighborhoods, school districts in the Greenville area, the mortgage and housing industries, and any additional economic factors that may potentially affect your purchase today or in the future.
We can also assist you with getting started on your loan. There are some excellent mortgage professionals in Greenville, and we work with a lot of them, so you'll be in great hands. They can help you choose which kind of loan is best for you, as well as help you get approved.
Step 3 – Start house-hunting
Following our first meeting, we'll start finding available homes on the market that suit your needs. We'll preview most of the houses and remove the bad ones, and then we'll set up appointments to tour the houses when it's convenient for you.
As we tour houses, we'll show you the good features, as well as negative ones. And we'll ask you to point out what things you like and don't like. It's widely common for buyers to amend their list of must-haves as we view homes and some features become far more crucial than others. If that happens, we'll search all the listings one more time and narrow it down to the home you've been wishing for.
Step 4 – Understand the market
An agent's awareness of the Greenville home market is an essential component in your house search. And we assure you we're very familiar with all the schools and neighborhoods, and we can let you know some areas are "hot" and demand immediate action and the rest that are "cold" and allow for careful analysis.
As we view homes, we'll be sure to tell you if the asking price has room for negotiation or if we believe the home is "priced to sell." When working with an agent, be careful and be sure to ask lots of questions. Any REALTOR® will claim to know the market. If things don't add up, contact us at (252) 321-9784 or e-mail us at Training@PipelineROI.com, and we'll be glad to answer any questions you may have. Our understanding of the market will keep you a step above the rest throughout the entire deal.
Step 5 – Find your dream home
We're positive we'll find the house of your dreams in Greenville, and when that happens, we'll carefully create your purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
Upon submitting your purchase offer, you'll need to present "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property and is typically put towards the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the first offer. It's very common to receive a counter offer. But don't let this intimidate you. We'll consider whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and move on.
The state of the market determines how aggressively we negotiate the deal. In addition, we'll work within your financing limits. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Get a loan
Once the deal is signed, you'll begin working with your mortgage lender to close the loan. If you're pre-qualified, this won't take very long at all. But you should to stay in close contact with your mortgage lender. And we'll deal with all the property information your lender will need to close the loan.>
Step 8 – Close the deal
Your mortgage lender will supply you with a Good Faith Estimate (GFE) of your closing costs within three days of accepting your loan application. The estimate is formed from the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a strict range of accuracy. we'll study the estimate and let you know if it all looks adequate.
Then it's time to close on your home. This will probably happen at a title company or escrow office and will likely be a smooth and relaxing event.
Step 9 – Move in
Success! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, simply contact us at (252) 321-9784 or send us an e-mail.