Contemplating purchasing your home in Havre?

For many people, buying a home can be a stressful event. But with some up-front planning, it isn't very complex. So they understand exactly what to expect, I'll provide buyers with an overview of the entire 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 happy to answer questions you have regarding this information.

Step 1 – Get ready to buy a home
There are plenty of things you should consider before beginning your home search. You'll probably want to form a check list of items you need, get a feeling for what neighborhoods you want to live in, and start planning around your budget. A good rule to go by is that your mortgage payment should be less than 1/3 of your net monthly income.

Step 2 – Connect with a real estate agent in Havre
This is where Northern Land & Realty Co. comes in. We can set up 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 industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Havre area.

I can also help you facilitate the loan process. I work with some of Havre's best mortgage professionals, so you'll be in great hands. They will help you choose which kind of loan is best for you, as well as help you get qualified.

Step 3 – Start looking for a home
After our first meeting, I'll start finding available houses on the market that are a great fit for you. I'll preview many of the homes and eliminate the duds, and then we'll book appointments to tour the homes at a time that's convenient for you.

When we tour the homes, I'll identify positive features and bad ones. I'll even ask you what things you like and don't like. It's common for buyers to update their must-have list as we view houses and some items become far more essential than others. If such is the case, I'll look through all the listings once again and narrow it down to the home of your dreams.

Step 4 – Understand the market
An agent's knowledge of the Havre home market is a necessary aspect in your house search. And I assure you I'm conscious of all the neighborhoods and school districts, and I can communicate what areas are "hot" and demand immediate action and the ones that are "cool" and allow for more examination.

When we tour homes, I'll let you know if the seller's asking price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, be on guard and be sure to ask lots of questions, as any real estate agent in Havre will tell you they truly understand the market. If it doesn't seem like they know everything, just call me at (406) 265-2253 or e-mail me at , and I'll be glad to answer any questions you might have. My understanding of the market will keep you a step above the rest throughout the entire deal.

Step 5 – Find the house you've been looking for
I know we'll find the home of your dreams in the Havre area. When that happens, I'll thoroughly create your purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as getting financing, completing the inspection, and a clean title.

When we turn in your offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property and is typically applied to the cost of closing. If your offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals don't close on the beginning offer – it's pretty common to receive a counter offer. Don't let this discourage you. We'll talk over 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 will play a vital role in how aggressively we negotiate the contract. We'll also work within your financing constraints. And when it's all said and done, we'll compose a contract that's best for you.

Step 7 – Get a loan
Upon signing the contract, you'll start working with your mortgage lender to close the loan. It won't take very long at all if you're already pre-approved, but you'll want to stay in close contact with your mortgage lender. And I'll sort out all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) of closing costs within three days of taking your application. You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of receiving your loan application. The estimate depends on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a precise range of accuracy. I'll analyze the estimate and let you know if it all looks all right.

Then we'll close on your home. This will most often happen at a title company or escrow office and will probably be a smooth and easygoing affair.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, be sure to contact me at (406) 265-2253 or e-mail me at .