Looking to buy your new home in Broken Bow? Kohler's Four Seasons Realty can help.
Buying a home is an intimidating event for most people. However, with a little planning ahead of time, it isn't very complex.
So you'll know exactly what to expect, I like to give my buyers an outline of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or send me e-mail
. I'm happy to answer any questions you have about this information.
Step 1 ? Get ready to purchase
There are plenty of things you'll want to consider prior to starting your home search.
When you start your search, you'll probably want to assemble a list of features you want to have, get an idea of what neighborhoods and school districts you want to live in, and begin planning your budget.
A good guideline to go by is that your mortgage payment should be less than a third of your monthly income.
Step 2 ? Contact a real estate agent
That's where I can help.
I can plan a time to meet so we can talk about why you want to buy a home and get an idea of your future plans.
We'll discuss the mortgage and housing industries, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Broken Bow area.
In addition, I'll assist you in getting started on your loan.
There are some very good mortgage professionals in Broken Bow, and I partner with a lot of them, so you're in great hands.
They can assist you in choosing which type of loan is best for you and help you get qualified.
Step 3 ? Begin your search
After our initial meeting, I'll start finding available homes on the market that meet your needs.
I'll preview many of the homes and reject the duds, and then we'll set up appointments to view the homes whenever it's most convenient for you.
As we view the houses, I'll show you the good features, as well as bad ones. And I'll ask you to talk about things you like and dislike.
It's common for buyers to amend their must-have list as we tour houses and some items become more substantial than others.
If that's the situation, I'll go back through the listings once more and trim it down to the home you've been wishing for.
Step 4 ? Understand the market
Your agent's awareness of the Broken Bow housing market is an imperative component in your home search. And I can assure you I'm informed of all the neighborhoods and schools, and I will let you know what districts are "hot" and warrant immediate action and the rest that are "cool" and allow for more examination.
When we tour houses, I'll be sure to tell you when the seller's list price has room for bargaining and also when I trust the house is "priced to sell."
When working with an agent, be mindful and be sure to ask lots of questions, as every REALTOR? in Broken Bow will convince you they know the home market.
If things don't add up, contact me at 580-584-SOLD (7653) or e-mail me at email@example.com, and I'd be happy to answer any questions you might have. My knowledge of the market will keep you a step above the rest through the entire process.
Step 5 ? Find the house you've been looking for
I'm positive we'll find your dream house in the Broken Bow area. When we do, I'll carefully develop your purchase offer. The offer will be tailored to suit your needs, including many contingencies. A few examples are obtaining financing, completing the home inspection, and a clean title.
Upon sending in your purchase offer, you'll need to present "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property, and it's most often applied to the cost of closing. If the seller accepts the offer, we should close within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 ? Negotiate the deal
A lot of contracts aren't closed on the initial offer. It's really common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and go on.
The state of the market determines how aggressively we negotiate the deal.
In addition, we'll work within your financing constraints. And when it's all said and done, we'll create a contract that works well for you.
Step 7 ? Get financing
Upon finishing the deal, you'll start working with your lender to close the loan.
This shouldn't take very long at all if you've been pre-approved, but you'll need to keep in close contact with your mortgage lender.
And I'll look after all the property information your lender needs to close the loan.>
Step 8 ? Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of taking your loan application.
This estimate is based on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks permissible.
Then it's time to close on your house. This should take place at a title company or escrow office and will most likely be a smooth and easygoing affair.
Step 9 ? Move in
Success! It's time to move into your new house. Enjoy it. And if you have any questions, just call me at 580-584-SOLD (7653) or send me an e-mail.