Are you contemplating buying a home in Landrum?

Buying a home is stressful for a lot of people, but with some up-front planning, it isn't that complicated. So they know exactly what to expect, I will supply buyers with an overview of the entire deal. Here are my nine steps to purchasing a home. Should you have questions about this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Get ready to purchase
There are plenty of things you should take into account before commencing your home search. When you begin your search, you'll want to form a checklist of items you want to have, get a plan of what neighborhoods and school districts you want to live in, and begin planning your budget. A good guideline to follow is that your mortgage payment should be close to 30 percent of your monthly income.

Step 2 – Get in touch with a real estate agent in Landrum
This is where Mickey Hambright comes in. We can set up a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. 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 Landrum area.

In addition, I'll help you start the loan process. There are some great mortgage professionals in Landrum, and I work with a lot of them, so you can rest assured that you're in great hands. They will assist you with determining which type of loan is best for you and help you get qualified.

Step 3 – Start house hunting
After our first meeting, I'll start looking for homes on the market that meet your needs. I'll preview most of the homes and eliminate the duds, and then we'll book appointments to view the homes whenever it's convenient for you.

As we tour the homes, I'll point out positive features and bad ones. I'll even ask you what things you like and don't like. For the most part, buyers amend their must-have list as we tour homes and some items become far more crucial than others. If that's the case, I'll go back through all the listings once again and narrow it down to the home you've been dreaming about.

Step 4 – Get a grasp of the housing market
My knowledge of the Landrum market is an essential element in your house search. I'm informed of all the neighborhoods and school districts, and I can alert you to some areas are "hot" and demand prompt action and others that are "cold" and allow for thoughtful examination.

As we tour homes, I'll make sure to communicate when the asking price has room for bargaining and also when I trust the house is "priced to sell." Be mindful and make sure you ask plenty of questions, as any REALTOR will claim to know the housing market. If things don't add up, call me at 828-817-1796 or e-mail me at , and I'll be glad to answer any questions you may have. My understanding of the market will help you stay a step above the rest through the entire process.

Step 5 – Find the house you've been waiting for
We'll find your dream house in the Landrum area, and when that happens, I'll carefully develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as getting financing, carrying out the home inspection, and a clear title.

When submitting your offer, you'll likely need to submit "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property, and it's most often applied to the cost of closing. If your offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Most contracts don't close on the beginning offer, and it's extremely common to receive a counter offer. Don't let this alarm you. We'll talk over whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and move on.

Market conditions determine how aggressively we negotiate the contract. 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 contract, you'll begin working with your lender to close the loan. If you're already pre-approved, it won't take long at all. But you'll want to stay in close contact with your lender. And I'll deal with all the property information your lender needs 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 accepting your application. The estimate rests on the loan amount, and RESPA requirements order that it has to include all closing costs and fall within a tight range of accuracy. I'll analyze the estimate and let you know if everything looks good.

Then it's time to close on your home. This will likely happen at a title company or escrow office and will probably be a smooth and relaxed occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just call me at 828-817-1796 or e-mail me at .