Buying or selling a home in Havre?
Purchasing a home intimidates most people. However, with a little up-front planning, it's not too confusing.
I like to supply buyers with an outline of the whole deal so they'll understand exactly what to expect.
Below are my nine steps to buying a home.
Should you have any 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 purchase
Prior to starting your home search, there are several things you need to take into account.
You'll most likely want to assemble a checklist of items you want to have, get a feel for what neighborhoods and school districts you want to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than 1/3 of your monthly income is a good guideline to adhere to.
Step 2 – Contact a real estate agent in Havre
That's where I can help.
We can book a time to get together so we can talk about your real estate needs and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Havre area, the mortgage and housing industries, and any additional economic factors that could potentially affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
Northern Land & Realty Co. works with some of the best mortgage professionals in Havre, so you can rest assured that you're in great hands.
They can assist you in choosing which type of loan is best for you and help you get qualified.
Step 3 – Begin looking for a home
After our first meeting, I'll begin looking for available houses on the market that are a great fit for you.
I'll get a sneak peek of most of the houses and reject the duds, and then we'll set up appointments to view the houses at a time that's convenient for you.
When we tour houses, I'll point out good features, as well as negative ones. I'll also ask you to tell us about things you like and dislike.
It's widely common for buyers to update their wish list as we view houses and some features become far more important than others.
If that's the case, I'll go back through the listings one more time and narrow it down to the home you've been wishing for.
Step 4 – Understand the housing market
My understanding of the Havre home market is a necessary element in your home search. I'm mindful of all the neighborhoods and school districts, and I can alert you to which areas are "hot" and require prompt action and the ones that are "cold" and allow for thoughtful analysis.
As we tour homes, I'll be sure to tell you when the list price has room for negotiation and also when I think the home is "priced to sell."
Be on guard and be sure to ask a lot of questions, as any real estate agent in Havre will claim to comprehend the housing market.
If it appears they don't know everything, contact me at (406) 265-2253 or e-mail me at , and I'd be glad to answer any questions you may have. My market knowledge will keep you a step above the rest throughout the entire deal.
Step 5 – Find the house of your dreams
I know we'll find the home of your dreams in the Havre area. When that happens, I'll meticulously develop your 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 home inspection, and a clear title.
When we turn in your purchase offer, you'll likely need to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property. The amount is usually put towards the closing costs. If your offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of deals aren't closed on the beginning offer – it's widely common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on the state of the market.
We'll also work within your budget. And when it's all said and done, we'll formulate a deal that's best for you.
Step 7 – Get your loan
Once the deal is finalized, you'll begin working with your lender to close the loan.
It won't take long at all if you're already pre-approved, but you need to stay in close contact with your lender.
And I'll manage all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) detailing your closing costs within three days of receiving your loan 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 is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a tight range of accuracy, and I'll examine the estimate and let you know if everything looks okay.
Then we'll close on your home. This will probably take place at a title company or escrow office and should be a smooth and hassle-free occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you have any questions, just contact me at (406) 265-2253 or e-mail me at .