Contemplating buying a home in Landrum?

For many people, purchasing a home can be an intimidating event. But with some up-front planning, it isn't too complicated. So they know exactly what they can expect, I will give buyers a road map of the entire deal. Below are my nine steps to buying a home. If you have questions regarding this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to purchase
There are plenty of things you'll want to take into account before you search for a home. When you begin your search, you'll want to create a checklist of features you need, get a feel for what neighborhoods and school districts you want to live in, and start planning around your budget. A good principle to adhere to is that your mortgage payment should be no more than 30 percent of your monthly income.

Step 2 – Get in touch with a real estate agent
This is where I can help. I'd love to set up a time to meet with you and talk about your real estate needs and get an idea of your plans for the future. We'll discuss everything from neighborhoods, school districts in the Landrum area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.

In addition, I'll help you facilitate the loan process. I partner with some of Landrum's finest mortgage professionals, so you can rest assured that you're in great hands. They will help you choose which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin house-hunting
Following our first meeting, I'll start looking for available houses on the market that are a good fit for you. I'll research many of the houses and ignore the duds, and then we'll book appointments to view the houses whenever it's most convenient for you.

As we view the houses, I'll identify positive features, as well as negative ones. And I'll ask you to point out what things you like and dislike. It's common for buyers to update their must-have list as we tour houses and some things become more necessary than others. If that's the situation, I'll look through all the listings again and trim it down to the house you've been waiting for.

Step 4 – Understand the housing market
An agent's understanding of the Landrum market is an imperative component in your home search. And I assure you I'm acquainted with all the school districts and neighborhoods, and I'll alert you to certain districts are "hot" and call for prompt action and some that are "cool" and allow for careful consideration.

As we tour houses, I'll make sure to communicate when the seller's list price has room for bargaining and when I think the home is "priced to sell." When working with an agent, be on guard and be sure to ask lots of questions. Any REALTOR in Landrum will claim to comprehend the market. If it doesn't seem like they know everything, contact me at 828-817-1796 or e-mail me at , and I'd be more than happy to answer your questions. My understanding of the market will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home of your dreams
We'll find your dream home in the Landrum area, and when that happens, I'll meticulously create your purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, carrying out the inspection, and a clear title.

Upon sending in your offer, you'll want to submit "earnest money." This is a cash deposit made to a seller to secure the offer to buy the property, and it's often applied to the closing costs. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Most contracts don't close on the beginning offer – it's extremely common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the contract depends on market conditions. We'll also work within your financing budget. And when it's all said and done, we'll formulate a contract that's best for you.

Step 7 – Get your loan
After the deal is signed, you'll start working with your mortgage lender to close the loan. It won't be a long process at all if you've been pre-approved, but you need to stay in close contact with your lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of taking your loan application. The estimate rests on the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll examine the estimate and let you know if everything looks permissible.

Then it's time to close on your house. This will most often take place at a title company or escrow office and will likely be a smooth and pleasant affair.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to call me at 828-817-1796 or e-mail me at .