Contemplating purchasing a new home in the Greenville/ Upstate area? I can help.
I'm an Accredited Buyers Agent here in the Upstate of SC. I like to furnish buyers with a road map of the entire deal so they know exactly what to expect. These are my nine steps to purchasing a home.
Step 1 – Prepare to purchase a home
There are several things you'll want to take into account before starting your home search. You'll probably want to put together an index of features you want, plan for what neighborhoods and school districts you'd like to live in, and start planning around your budget. Make sure to meet with a mortgage professional!
Step 2 – Talk to a real estate agent in Greenville
This is where I come in. I'll plan a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll talk about neighborhoods, school districts in the Greenville/ Upstate area, the mortgage and housing industries, and any other economic factors that may affect your buying decision today or in the future.
I'll also help you start the loan process. There are some great mortgage professionals in the Greenville/ Upstate area, and I partner with a lot of them, so you're in great hands. They'll help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin house-hunting
After we meet, I'll begin searching for homes on the market that are great for you. I'll do preliminary research on homes you and I both find online and then we'll schedule appointments to tour the houses at a time that's convenient for you.
As we tour homes, I'll call attention to good features and negative ones. I'll even ask you to point out what things you like and dislike. Usually, buyers update their must-have list as we view houses and some features become far more essential than others. If that's the situation, I'll search all the listings again and trim it down to the house you've been waiting for.
Step 4 – Understand the market
Your agent's knowledge of the Greenville/ Upstate housing market is a leading factor in your house search. And I assure you I'm acquainted with all the school districts and neighborhoods, and I will alert you to some neighborhoods are "hot" and warrant prompt action and the rest that are "cool" and allow for thoughtful consideration.
As you narrow down your home search, I will do more in depth research: I'll let you know if the asking price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, be mindful and be sure to ask plenty of questions. My market knowledge will help you stay a step ahead through the entire deal.
Step 5 – Find the home of your dreams
I'm positive we'll find your dream home in the Greenville/ Upstate area. When we do, I'll thoroughly advise on your purchase offer. The offer will be tailored keeping your needs in mind, including some contingencies. A few examples are getting financing, finishing the home inspection, and a clean title.
When sending in your purchase offer, you'll need to present "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property and is often applied to the cost of closing. If the offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals take offers and counter offers before reaching an agreement. Its so different from home to home and seller to seller. We will provide facts and comparables when submitting our offer to represent market values for the features in that particular home. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or decline the seller's offer and move on.
Again, how aggressively we negotiate the contract depends on market conditions. We'll also work within your financing constraints. And when it's all said and done, we'll formulate a contract that's best for you.
Step 7 – Secure your loan
After the deal is complete, you'll start working with your lender to close the loan. This shouldn't take very long at all if you're pre-approved, but you'll need to stay in close contact with your mortgage lender. And I'll care for all the property information your lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining closing costs from your lender within three days of accepting your loan application. This estimate is formed from the loan amount, and RESPA requirements mandate that it has to involve all closing costs and be within a narrow range of accuracy.
Then we'll close on your house. This should take place at a closing attorneys office and will be a smooth and calm event.
Step 9 – Move in
Success! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you contact me at (864) 430-5997 or send me an e-mail.