The Home Buyer Checklist identifies some of the important factors to consider when choosing a home. In addition to an affordable sales price, you will also want to be sure that the neighborhood and house meet the needs of your family.
Take this checklist along when you go shopping for your house. It will help you evaluate the neighborhoods and assess the availability and condition of various features of up to three homes in a side-by-side comparison. Print PDF version of the Buyer Checklist
Purchasing a home can be an intimidating undertaking. However; with a little planning and and an experienced realtor to guide your through the process, it doesn't have to be that difficult. I like to give buyers a road map of all the stages so they'll know exactly what to expect. These are my ten steps to purchasing a home:
There are many things you should contemplate before beginning your home search. You'll want to create a list of features you want, get a feeling for what school districts and neighborhoods you'd like to live in, and begin planning around your budget. A good guideline to adhere to, is that your mortgage payment should be no more than 1/3 of your monthly income.
This is where Team Gasaparovic comes in. We can schedule a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, school districts in the Wilmington area, the mortgage industry, to any other economic factors that could potentially affect your purchase today or in the future.
I'll also assist you in getting started on your loan. Keller William Realty works with some of the finest mortgage professionals in Wilmington, so you're in great hands. They can help you determine which type of loan is best for you, as well as help you get qualified.
After our initial meeting, I'll start searching for available houses on the market that meet your needs. I'll preview most of the houses and eliminate the bad ones, and then we'll book appointments to view the homes whenever it's convenient for you.
As we tour the houses, I'll point out good features, as well as bad ones. And I'll ask you about things you like and dislike. Oftentimes, buyers update their list of must-haves as we tour houses and some features become more necessary than others. If that's the case, I'll look through all the listings another time and narrow it down to the house you've been waiting for.
An agent's awareness of the Wilmington home market is a necessary aspect in your house search. And I assure you I'm informed of all the schools and neighborhoods, and I will communicate some areas are "hot" and warrant immediate action and others that are "cool" and allow for thoughtful analysis.
When we tour houses, I'll be sure to tell you if the asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, trust your instincts and make sure you ask plenty of questions, as every real estate agent in Wilmington will tell you they understand the home market. If things don't add up, call me at 910.264.0585 or e-mail me at Info@TeamGasparovic.com, and I'd be glad to answer any questions you may have. My understanding of the market will keep you a step above the rest throughout the entire process.
We'll find your dream house in the Wilmington area, and when we do, I'll precisely develop your home purchase offer. The offer will be written to suit your needs. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
Upon presenting your purchase offer, you'll likely need to present "earnest money." This is a cash deposit given to a home seller to secure the offer to buy the property and is typically put towards the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.
A lot of contracts don't close on the first offer. It's really common to receive a counter offer. Don't let this intimidate you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market conditions determine how aggressively we negotiate the deal. We'll also work within your budget. And when it's all said and done, we'll put together a contract that's best for you.
Once the contract is signed, you'll begin working with your lender to close the loan. It won't take very long at all if you've been pre-approved, but you'll need to keep in close contact with your lender. And I'll sort out all the property information your lender needs to close the loan.
You'll get a Good Faith Estimate (GFE) of your closing costs from your mortgage lender within three days of getting your loan application. This estimate is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll review the estimate and let you know if everything looks all right.
Then we'll close on your home. This will most often occur at a title company or escrow office and will most likely be a smooth and hassle-free occurrence.
You made it! Now you can move into your new home. Enjoy it.
If you're ready to buy, just contact me at 910.264.0585, or fill out as much of the information below that you want and we'll get right back to you, with no obligation. We guarantee your privacy.