Are you contemplating buying a home in North Huntingdon? Francis Fisher can help.
Purchasing a home is a stressful event for many people, but with a little planning ahead of time, it's not all that confusing.
We like to furnish buyers with an outline of the entire deal so they know exactly what to expect.
Below are our nine steps to purchasing a home.
When you're ready to get started, you can contact us here or send us e-mail
. We're happy to answer any questions you have about this information.
Step 1 - Get ready to purchase a home
There are several things you should do before you start looking for a home.
When you begin your search, you'll probably want to create a list of items you want, get a plan of what school districts and neighborhoods you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than or around 1/3 of your monthly income is a good guideline to follow.
Step 2 - Get with a real estate agent in North Huntingdon
This is where Francis Fisher can help.
We'd like to book a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your future plans.
We'll talk about everything from neighborhoods, school districts in the North Huntingdon area, the mortgage and housing industries, to any other economic factors that may potentially affect your buying decision today or in the future.
We can also help you begin the loan process.
Francis Fisher partners with some of North Huntingdon's finest mortgage professionals, so you'll be in great hands.
They'll help you determine which type of loan is best for you, as well as help you get approved.
Step 3 - Begin house hunting
After our initial meeting, we'll begin finding houses on the market that are great for you.
We'll preview many of the houses and eliminate the bad ones, and then we'll book appointments to view the houses whenever it's most convenient for you.
As we tour houses, we'll identify good features and negative ones. And we'll ask you to talk about things you like and don't like.
Oftentimes, buyers revise their list of must-haves as we view homes and some features become far more important than others.
If such is the case, we'll go back through the listings one more time and trim it down to the house you've been waiting for.
Step 4 - Get a grasp of the market
Your agent's understanding of the North Huntingdon housing market is an essential component in your home search. And we can assure you we're very familiar with all the neighborhoods and school districts, and we will communicate what districts are "hot" and warrant prompt action and the others that are "cold" and allow for cautiousness.
As we tour houses, we'll let you know 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, be mindful and make sure you ask lots of questions. Any real estate agent will tell you they understand the housing market.
If it appears they don't know everything, just call us at 412-607-0119 or e-mail us at email@example.com, and we'll be happy to answer any questions you might have. Our market knowledge will keep you a step above the rest through the entire process.
Step 5 - Find the home you've been waiting for
We're positive we'll find your dream home in North Huntingdon. When that happens, we'll thoroughly develop your real estate purchase offer. The offer will be tailored keeping your needs in mind, including some contingencies. A few examples are acquiring financing, carrying out the home inspection, and a clean title.
When turning in your offer, you'll need to submit "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property and is usually applied to the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 - Negotiate
Unfortunately most contracts don't close on the beginning offer - it's very common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to take 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 contract.
We'll also work within your budget. And when it's all said and done, we'll formulate a deal that is best for you.
Step 7 - Get your loan
Once we sign the final sales contract, you'll begin working with your lender to close the loan.
It shouldn't take much time at all if you've been pre-qualified, but you should to keep in close contact with your lender.
And we'll take care of all the property information your lender needs to close the loan.>
Step 8 - Close the deal
Your lender will provide you with a Loan Estimate (LE) detailing closing costs within three days of taking your loan application.
The estimate is formed from the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a strict range of accuracy, and we'll review the estimate and let you know if it all looks adequate.
Then we'll close on your house. This will likely happen at a title company or escrow office and will likely be a smooth and relaxed occasion.
Step 9 - Move in
You made it! It's time to move into your new house. Enjoy it. And if you have any questions, just contact us at 412-607-0119 or send us an e-mail.