Buying a new home in Havre?
Buying a home intimidates many people. However, with a little up-front planning, it's not all that complicated.
So they'll know exactly what to expect, I'll provide buyers with a road map of the whole deal.
These are my nine steps to buying a home.
When you're ready to get started, simply contact me here or e-mail me at . I'm glad to address questions you have about this information.
Step 1 – Get ready to purchase a home
Before you commence your home search, there are many things you should contemplate.
It's likely that you'll want to assemble a check list of items you need, get a plan of what neighborhoods and school districts you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than or close to a third of your monthly income is a good guideline to go by.
Step 2 – Talk to a real estate agent in Havre
This is where Northern Land & Realty Co. comes in.
We'll book 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 talk about everything from neighborhoods, schools in the Havre area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.
In addition, I'll help you get started on your loan.
There are some great mortgage professionals in Havre, and I work with a lot of them, so you'll be in great hands.
They will assist you with determining which kind of loan is best for you and help you get approved.
Step 3 – Start house hunting
After our first meeting, I'll start searching for available houses on the market that meet your needs.
I'll research many of the houses and ignore the bad ones, and then we'll schedule appointments to view the houses whenever it's most convenient for you.
As we view the houses, I'll show you the positive features, as well as negative ones. I'll even ask you to tell us about things you like and don't like.
Generally, buyers update their wish list as we view houses and some items become more essential than others.
If such is the case, I'll go back through all the listings one more time and narrow it down to the home of your dreams.
Step 4 – Get a grasp of the housing market
Your agent's understanding of the Havre housing market is an imperative factor in your home search. And I can assure you I'm acquainted with all the neighborhoods and school districts, and I can alert you to what districts are "hot" and require prompt action and the ones that are "cool" and allow for thoughtful consideration.
As we tour houses, I'll be sure to tell you when the seller's asking price has room for negotiation and when I know the house is "priced to sell."
When working with an agent, trust your instincts and be sure to ask lots of questions, as every real estate agent in Havre will convince you they understand the home market.
If things don't add up, call me at (406) 265-2253 or e-mail me at , and I'd be glad to answer any questions you might have. My market knowledge will keep you a step ahead throughout the entire deal.
Step 5 – Find the home of your dreams
We'll find your dream home in the Havre area, and when we do, I'll thoroughly create your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as acquiring financing, finishing the inspection, and a clean title.
When we submit your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to the home seller to secure an offer to purchase the property and is usually put towards 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 enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer. It's very common to receive a counter offer. But don't let this intimidate you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll create a contract that works well for you.
Step 7 – Get a loan
Once the contract is complete, you'll begin working with your lender to close the loan.
It shouldn't take much time at all if you're already pre-qualified, but you'll need to stay in close contact with your lender.
And I'll sort out all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will supply you with a Loan Estimate (LE) outlining closing costs within three days of taking your application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of taking your application.
This estimate rests on the loan amount. RESPA requirements dictate that it has to involve all closing costs and fall within a close range of accuracy, and I'll study the estimate and let you know if it all looks okay.
Then we'll close on your house. This will most likely take place at a title company or escrow office and will most likely be a smooth and pleasant occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, just call me at (406) 265-2253 or e-mail me at .