Buying or selling a home in Yukon? Metro First Realty West can help.
With some planning ahead of time, buying a home isn't that hard, but the event intimidates many people.
I like to furnish buyers with an overview of the whole deal so they understand exactly what they can expect.
These are my nine steps to buying a home.
When you're ready to get started, simply contact me here or send me e-mail
. I'm happy to address questions you have regarding this information.
Step 1 – Get ready to buy
Before you start looking for a home, there are many things you'll want to contemplate.
You'll want to put together an index of items you need, plan for what school districts and neighborhoods you'd like to live in, and begin working on your budget.
Keeping your mortgage payment less than or close to a third of your net monthly income is a good rule of thumb to adhere to.
Step 2 – Talk to a real estate agent in Yukon
This is where Metro First Realty West can help.
I can plan 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 might affect your purchase today or in the future, as well as neighborhoods and school districts in the Yukon area.
In addition, I'll help you start the loan process.
Metro First Realty West partners with some of Yukon's finest mortgage professionals, so you'll be in great hands.
They'll assist you with determining which kind of loan is best for you and help you get qualified.
Step 3 – Begin house-hunting
After our first meeting, I'll start looking for available homes on the market that meet your needs.
I'll get a sneak peek of many of the houses and throw out the bad ones, and then we'll book appointments to view the homes whenever it's convenient for you.
As we view the homes, I'll point out positive features, as well as negative ones. And I'll ask you to talk about things you like and dislike.
Most often, buyers update their must-have list as we view homes and some items become more important than others.
If that's the situation, I'll search the listings once more and narrow it down to the home you've been waiting for.
Step 4 – Get a feel for the market
My knowledge of the Yukon housing market is an essential asset in your search. I'm conscious of all the neighborhoods and schools, and I'll communicate certain areas are "hot" and require immediate action and the others that are "cold" and allow for careful consideration.
As we view houses, I'll be sure to tell you if the list price has room for bargaining or if I believe the house is "priced to sell."
Any real estate agent will tell you they comprehend the home market, but be careful, and make sure you ask a lot of questions.
If it seems like they don't know everything, call me at (405) 229-0409 or e-mail me at email@example.com, and I'd be more than happy to answer any questions you might have. My knowledge of the market will keep you a step above the rest through the entire deal.
Step 5 – Find the home of your dreams
I'm sure we'll find your dream house in the Yukon area, and when that happens, I'll precisely develop your home purchase offer. The offer will be written to suit your needs. Whenever necessary, I never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
When we submit your offer, you'll want to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to buy the property and is often put towards the cost of closing. If the offer is accepted, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate
Most deals don't close on the beginning offer, and it's extremely common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and move on.
Market conditions will play a large role in how aggressively we negotiate the deal.
We'll also work within your financing budget. And when it's all said and done, we'll compose a contract that is best for you.
Step 7 – Secure financing
Once we sign the final deal, you'll begin working with your lender to close the loan.
It won't take long at all if you're pre-approved, but you'll need to stay in close contact with your lender.
And I'll deal with all the property information your mortgage lender needs 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 application.
The estimate rests on the loan amount, and RESPA requirements mandate that it has to involve all closing costs and fall within a narrow range of accuracy. I'll examine the estimate and let you know if everything looks good.
Then it's time to close on your house. This should occur at a title company or escrow office and will likely be a smooth and comfortable affair.
Step 9 – Move in
Success! It's time to move into your new home. Enjoy it. And if you have any questions, simply call me at (405) 229-0409 or send me an e-mail.