Buying or selling a home in Hagatna? RE/MAX Diamond Realty can help.
Buying a home can be stressful for many people, but it's not very hard with a little planning ahead of time.
So you know exactly what to expect, we like to provide our buyers with an overview of the entire deal.
Here are our nine steps to purchasing a home.
Should you have questions regarding this information or if you're ready to get started, simply contact us here or send e-mail to email@example.com
Step 1 – Get ready to buy a home
Prior to starting your home search, there are many things you need to take into account.
When you start your search, you'll probably want to form a check list of items you want to have, get a feeling for what school districts and neighborhoods you'd like to live in, and begin planning around your budget.
Keeping your mortgage payment less than or around 1/3 of your monthly income is a good rule to follow.
Step 2 – Talk to a real estate agent
This is where we come in.
We'd be more than happy to arrange a time to meet with you and communicate with you regarding your real estate needs and get an idea of your plans for the future.
We'll discuss the mortgage and housing industries, other economic factors that may potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Hagatna area.
We can also help you start the loan process.
There are some excellent mortgage professionals in Hagatna, and we partner with a lot of them, so you're in great hands.
They'll assist you in choosing which kind of loan is best for you and help you get approved.
Step 3 – Start looking for a home
Following our first meeting, we'll start searching for available houses on the market that best suit you.
We'll preview most of the homes and throw out the bad ones, and then we'll book appointments to tour the houses at a time that's convenient for you.
When we view the homes, we'll identify positive features, as well as negative ones. we'll even ask you to tell us about things you like and dislike.
It's common for buyers to update their wish list as we tour homes and some features become far more necessary than others.
If that happens, we'll look through the listings one more time and narrow it down to the house you've been wishing for.
Step 4 – Know the market
An agent's knowledge of the Hagatna housing market is a fundamental factor in your house search. And we can assure you we're well-versed in all the schools and neighborhoods, and we will alert you to which districts are "hot" and demand immediate action and the rest that are "cool" and allow for more analysis.
When we view homes, we'll be sure to tell you when the asking price has room for bargaining and when we believe the home is "priced to sell."
When working with an agent, trust your instincts and be sure to ask a lot of questions. Any real estate agent will convince you they comprehend the home market.
If it doesn't seem like they know everything, contact us at (671) 479-8829 or e-mail us at firstname.lastname@example.org, and we'll be more than happy to answer any questions you might have. Our knowledge of the market will keep you a step ahead throughout the entire deal.
Step 5 – Find your dream house
We know we'll find the home of your dreams in Hagatna, and when we do, we'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs. Whenever necessary, We never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.
When we send in your offer, you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property and is typically put towards the cost of closing. If your offer is accepted, we should close on the property about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the initial offer – it's extremely common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your financing limits. And when it's all said and done, we'll compose a deal that is best for you.
Step 7 – Obtain a loan
After we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it shouldn't take very long at all, but you should to stay in close contact with your mortgage lender.
And we'll look after all the property information your mortgage lender will need to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of closing costs from your mortgage lender within three days of getting your loan application.
The estimate is formed from the loan amount. RESPA requirements require that it has to include all closing costs and be within a close range of accuracy, and we'll examine the estimate and let you know if everything looks all right.
Then we'll close on your house. This will probably happen at a title company or escrow office and should be a smooth and comfortable event.
Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to call us at (671) 479-8829 or send us an e-mail.