Let Mav Realty LLC assist you in purchasing your home in OmahaPurchasing a home is stressful for many people. However, with a little up-front planning, it isn't all that hard. So you know exactly what to expect, I like to supply my buyers with an outline of the whole deal. Below are my nine steps to purchasing a home.
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Step 1 – Get ready to buy a home
Prior to beginning your home search, there are many things you should take into account. You'll want to make a check list of items you need to have, plan for what school districts you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is around 30 percent of your net monthly income is a good principle to go by.
Step 2 – Contact a real estate agent in Omaha
This is where I can help. I'd be more than happy to book 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 talk about the mortgage industry, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and schools in the Omaha area.
In addition, I'll help you begin the loan process. There are some great mortgage professionals in Omaha, and I partner with a lot of them, so you're in great hands. They'll assist you in figuring out which type of loan is best for you and help you get approved.
Step 3 – Start looking for a home
After our first meeting, I'll start looking for available houses on the market that are good for you. I'll research most of the houses and eliminate the bad ones, and then we'll book appointments to tour the houses when it'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 talk about things you like and dislike. For the most part, buyers revise their wish list as we tour homes and some features become more substantial than others. If that's the case, I'll look through the listings another time and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the market
My awareness of the Omaha market is a valuable asset in your home search. I am acquainted with all the school districts and neighborhoods, and I'll alert you to some areas are "hot" and demand immediate action and the rest that are "cool" and allow for more analysis.
When we view houses, I'll be sure to tell you when the list price has room for negotiation and also when I trust the home is "priced to sell." Be mindful and make sure you ask plenty of questions, as any real estate agent will tell you they comprehend the home market. If things don't add up, just call me at 4025986696 or e-mail me at email@example.com, and I'd be more than happy to answer any questions you may have. My market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find your dream house
I'm confident we'll find your dream home in Omaha. When we do, I'll carefully develop your purchase offer. The offer will be tailored with your needs in mind, including some contingencies, such as getting financing, finishing the home inspection, and a clear title.
When we present your purchase offer, you'll want to submit "earnest money." This is a cash deposit given to a home seller to secure the offer to buy the property, and it's often applied to the cost of closing. If your offer is accepted, we should close on the home about 30 to 60 days after. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
A lot of deals aren't closed on the initial offer – it's really common to receive a counter offer. But don't let it intimidate you. We'll consider whether or not to consent 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 big part in how aggressively we negotiate the deal. We'll also work within your financing constraints. And at the end of the day, we'll formulate a contract that's best for you.
Step 7 – Get your loan
Upon finalizing the contract, you'll start working with your mortgage lender to close the loan. If you've been pre-approved, it won't be a long process at all. But you should to keep in close contact with your lender. And I'll care for all the property information your mortgage lender will need to close the loan.
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing your closing costs from your mortgage lender within three days of taking your application. This estimate depends on the loan amount, and RESPA requirements require that it has to involve all closing costs and fall within a tight range of accuracy. I'll examine the estimate and let you know if everything looks adequate.
Then it's time to close on your home. This will most often happen at a title company or escrow office and is often a smooth and calm occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at 4025986696 or send me an e-mail.