Buying or selling a home in Havre?
Purchasing a home is a stressful event for most people, but with a bit of planning ahead of time, it's not all that complicated.
I like to supply buyers with an outline of the entire deal so they know exactly what to expect.
Here 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 a home
There are many things you should consider before you start searching for a home.
You'll want to assemble an index of must-have features, get a feeling for what school districts and neighborhoods you'd like to live in, and begin working on your budget.
Keeping your mortgage payment around 30 percent of your net monthly income is a good rule to follow.
Step 2 – Get in touch with a real estate agent
That's where I come in.
I'd be happy to arrange a time to get together with you and communicate with you about your real estate needs and get an idea of your upcoming plans.
We'll talk about the mortgage and housing industries, other economic factors that may 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 begin the loan process.
Northern Land & Realty Co. works with some of the finest mortgage professionals in Havre, so you'll be in great hands.
They'll help you decide which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin looking for a house
After our first meeting, I'll begin searching for available homes on the market that are a good fit for you.
I'll research many of the houses and remove the bad ones, and then we'll schedule appointments to view the homes when it's most convenient for you.
When we view homes, I'll identify positive features, as well as bad ones. I'll even ask you about things you like and dislike.
It's pretty common for buyers to revise their must-have list as we tour homes and some things become more substantial than others.
If such is the case, I'll search the listings again and narrow it down to the house you've been dreaming about.
Step 4 – Understand the housing market
An agent's awareness of the Havre home market is a crucial agent in your home search. And I assure you I'm familiar with all the school districts and neighborhoods, and I'll alert you to some districts are "hot" and require prompt action and some that are "cool" and allow for careful examination.
As we view houses, I'll make sure to communicate if the list price has room for negotiation or if I believe the house is "priced to sell."
When working with an agent, be on guard and make sure you ask lots of questions, as any REALTOR will tell you they know the market.
If it doesn't seem like they know everything, call me at (406) 265-2253 or e-mail me at , and I'd be happy to answer any questions you might have. My market knowledge will keep you a step ahead through the entire deal.
Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in the Havre area, and when we do, I'll precisely create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies. A few examples are getting financing, completing the inspection, and a clear title.
Upon turning in your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property and is typically applied to the closing costs. If the offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts aren't closed on the initial offer. It's really common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
The state of the market will play a role in how aggressively we negotiate the contract.
In addition, we'll work within your budget. And at the end of the day, we'll formulate a deal that's best for you.
Step 7 – Secure financing
Upon finishing the deal, you'll begin working with your lender to close the loan.
It shouldn't take long at all if you're already pre-qualified, but you'll need to keep in close contact with your mortgage lender.
And I'll deal with all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your mortgage lender will send 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 closing costs from your mortgage lender within three days of receiving your application.
The estimate rests on the loan amount. RESPA requirements require that it has to include all closing costs and be within a tight range of accuracy, and I'll go over the estimate and let you know if everything looks good.
Then it's time to close on your home. This will probably happen at a title company or escrow office and is often a smooth and peaceful occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, just call me at (406) 265-2253 or e-mail me at .