Buying or selling a home in Landrum? Mickey Hambright can help.

For a lot of people, buying a home is a stressful event. But with a little up-front planning, it's not all that complex. I like to give buyers an outline of the entire deal so they know exactly what they can expect. Below are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to address questions you have regarding this information.

Step 1 – Get ready to buy
Before you begin your home search, there are many things you should do. You'll want to form a list of features you need to have, get a feel for what neighborhoods you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is no more than 1/3 of your net monthly income is a good rule to adhere to.

Step 2 – Communicate with a real estate agent
This is where Mickey Hambright can help. We can set up a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll discuss neighborhoods, schools in the Landrum area, the mortgage and housing industries, and any additional economic factors that might affect your buying decision today or in the future.

I'll also help you facilitate the loan process. There are some very good mortgage professionals in Landrum, and I work with a lot of them, so you can rest assured that you're in great hands. They'll help you figure out which kind of loan is best for you, as well as help you get qualified.

Step 3 – Start looking
Following our first meeting, I'll start finding available homes on the market that are a great fit for you. I'll preview most of the houses and remove the bad ones, and then we'll set up appointments to view the houses when it's most convenient for you.

As we view the homes, I'll point out good features and negative ones. I'll also ask you about things you like and dislike. It's pretty common for buyers to revise their wish list as we tour homes and some things become more essential than others. If that's the situation, I'll search all the listings once more and narrow it down to the home you've been waiting for.

Step 4 – Know the market
An agent's awareness of the Landrum housing market is a necessary aspect in your house search. And I can assure you I'm mindful of all the schools and neighborhoods, and I can communicate some districts are "hot" and require prompt action and others that are "cold" and allow for careful consideration.

As we tour houses, I'll make sure to communicate if the seller's asking price has room for negotiation or if I believe the home is "priced to sell." Any real estate agent will claim to truly understand the home market, but take note, and make sure you ask a lot of questions. 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 knowledge of the market will keep you a step above the rest through the entire process.

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

When we present your offer, you'll likely want to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property. The amount is often applied to the cost of closing. If the seller accepts the offer, we should close within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
A lot of deals don't close on the beginning offer. It's very common to receive a counter offer. But don't let it alarm you. We'll figure out whether or not to agree to the counter offer, submit our own counter offer, or decline the seller's offer and move on.

Market circumstances will play a big part in how aggressively we negotiate the deal. We'll also work within your budget. And when it's all said and done, we'll compose a deal that is best for you.

Step 7 – Secure your loan
Upon finishing the deal, you'll begin working with your lender to close the loan. If you're pre-approved, it won't take much time at all, but you need to stay in close contact with your lender. And I'll take care of 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 receiving your application. This estimate rests on the loan amount. RESPA requirements require that it has to include all closing costs and fall within a tight range of accuracy, and I'll analyze the estimate and let you know if everything looks permissible.

Then we'll close on your home. This will probably take place at a title company or escrow office and is often a smooth and stress-free 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, make sure you call me at 828-817-1796 or e-mail me at .