Buying or Selling a House in the Oakland County Area? Easy Real Estate Services can help.
With a little planning ahead of time, purchasing a home isn't very complicated, but the event is intimidating for many people. So you understand exactly what to expect, we like to supply our buyers with a road map of the whole deal. Here are the nine steps to purchasing a home.
Should you have questions regarding this information or if you're prepared to get started, simply contact us at 248-819-9939 or email us
Step 1 – Get ready to buy a home
Before you start your home search, there are many things you should take into account. It's likely that you'll want to create a checklist of items you want to have, get an idea of what school districts you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is less than 30 percent of your net monthly income is a good principle to adhere to.
Step 2 – Contact a real estate agent
This is where we come in. We'll set up a time to get together so we can talk about why you want to purchase a new home and get an idea of your plans for the future. We'll talk about the mortgage and housing industries, other economic factors that could potentially affect your buying decision today or in the future, as well as neighborhoods and school districts in the Oakland County area.
In addition, we'll help you facilitate the loan process. We will recommend some of the finest mortgage professionals in the area, so you're in great hands. They can help you figure out which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start looking
After we meet, we will begin finding homes on the market that meet your needs. We'll get a sneak peek of many of the houses and ignore the bad ones, and then we'll book appointments to view the houses whenever it's most convenient for you.
As we tour houses, we'll point out positive features, as well as negative ones. We'll also ask you about things you like and don't like. It's widely common for buyers to update their wish list as we tour homes and some features become more substantial than others. If that happens, we will search the listings once again and narrow it down to the home you've been waiting for.
Step 4 – Get a grasp of the market
Our knowledge of the Oakland County market is essential. We can assure you that we are acquainted with the neighborhoods, and we will let you know which districts are "hot" and demand immediate action and the ones that are "cool" and allow for careful analysis.
When we tour homes, we'll make sure to communicate if the asking price has room for negotiation or if we believe the house is "priced to sell." Trust your instincts and be sure to ask plenty of questions, as every REALTOR® in Oakland County will claim to know the home market. If things don't add up, just call us at 248-819-9939 or e-mail us at Sam@Easy.Realtor and we would be happy to answer any questions that you may have! Our market knowledge will help you stay a step above the rest throughout the entire deal.
Step 5 – Find the home of your dreams
We are confident that we will find your dream home! When that happens, we'll thoroughly create your real estate purchase offer. The offer will be tailored with your needs in mind, including some contingencies. A few examples are obtaining financing, completing the home inspection, and a clear title.
When submitting your offer, you'll probably want to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property, and it's most often 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 necessary time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most deals don't close on the first offer, and it's extremely common to receive a counter offer. But don't let it alarm you. We'll talk over whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing limits. And when it's all said and done, we'll create a deal that works well for you.
Step 7 – Obtain a loan
Once we sign the final contract, you'll begin working with your mortgage lender to close the loan. If you've been pre-qualified, this shouldn't be a long process at all, but you should to keep in close contact with your lender. And we'll care for 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) of your closing costs from your mortgage lender within three days of getting your loan application. The estimate depends on the loan amount, and RESPA requirements order that it has to contain all closing costs and be within a narrow range of accuracy. We will analyze the estimate and let you know if it all looks permissible.
Then it's time to close on your home. This will most often occur at a title company or escrow office and will probably be a smooth and calm event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, simply call us at 248-819-9939 or send us an email at Sam@Easy.Realtor