Let Northern Land & Realty Co. assist you with buying your home in Havre
Buying a home is intimidating for a lot of people, but it isn't too difficult with some up-front planning.
I like to give buyers a road map of the entire deal so they know exactly what they can expect.
Below are my nine steps to purchasing a home.
If you have questions about any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to buy a home
There are several things you need to take into account before commencing your home search.
It's likely that you'll want to put together a list of must-have features, get an idea of what neighborhoods you'd like to live in, and begin planning your budget.
Keeping your mortgage payment less than or close to 1/3 of your net monthly income is a good principle to go by.
Step 2 – Speak with a real estate agent in Havre
This is where I can help.
I'd be more than happy to plan a time to meet with you and speak with you about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss the mortgage industry, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Havre area.
In addition, I'll help you facilitate the loan process.
Northern Land & Realty Co. works with some of Havre's best mortgage professionals, so you'll be in great hands.
They can help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin your home search
After our initial meeting, I'll start searching for available homes on the market that are a great fit for you.
I'll get a sneak peek of most of the houses and throw out the duds, and then we'll book appointments to view the houses when it's most convenient for you.
As we view homes, I'll call attention to positive features and negative ones. I'll even ask you to talk about things you like and dislike.
Most often, buyers change their must-have list as we tour houses and some items become far more necessary than others.
If that's the situation, I'll search the listings once more 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 Havre home market is a fundamental agent in your house search. And I can assure you I'm acquainted with all the school districts and neighborhoods, and I will communicate certain areas are "hot" and demand prompt action and the ones that are "cool" and allow for more consideration.
When we view houses, I'll let you know when the list price has room for bargaining and also when I know the home is "priced to sell."
Any REALTOR in Havre will claim to truly understand the housing market, but take notice, and be sure to ask your agent a lot of questions.
If it appears they don't know everything, just call me at (406) 265-2253 or e-mail me at , and I'd be glad to answer your questions. My knowledge of the market will help you stay a step ahead throughout the entire deal.
Step 5 – Find the home of your dreams
We'll find the home of your dreams in the Havre area, and when that happens, I'll carefully develop your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies. A few examples are acquiring financing, carrying out the inspection, and a clear title.
Upon sending in your offer, you'll need to present "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property and is typically applied to the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the first offer. It's very 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 go on.
How aggressively we negotiate the contract depends on market circumstances.
We'll also work within your financing budget. And at the end of the day, we'll put together a deal that's best for you.
Step 7 – Secure a loan
Once the contract is finished, you'll begin working with your lender to close the loan.
It shouldn't take long at all if you're pre-approved, but you'll want to stay in close contact with your lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of taking your application.
The estimate rests on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and be within a close range of accuracy. I'll review the estimate and let you know if everything looks okay.
Then we'll close on your house. This will most often happen at a title company or escrow office and will likely be a smooth and calm affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, simply contact me at (406) 265-2253 or e-mail me at .