Buying your home in Mesa?

For most people, buying a home can be an intimidating event. But with a bit of up-front planning, it isn't too complicated. So you know exactly what to expect, I like to provide my buyers with an outline of the whole deal. Here are my nine steps to purchasing a home.

Step 1 – Prepare to buy a home
There are several things you need to do before commencing your home search. When you start your search, you'll want to put together a check list of items you need to have, plan for what neighborhoods you'd like to live in, and start planning around your budget. Keeping your mortgage payment less than or around 1/3 of your monthly income is a good principle to follow.

Step 2 – Talk to a real estate agent
This is where I come in. I'd love to arrange a time to get together with you and talk about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage industry, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and schools in the Mesa area.

I can also help you start the loan process. There are some excellent mortgage professionals in Mesa, and I partner with a lot of them, so you're in great hands. They can help you decide which type of loan is best for you, as well as help you get qualified.

Step 3 – Start looking for a house
After our first meeting, I'll begin finding homes on the market that are a great fit for you. I'll preview many of the homes and remove the duds, and then we'll book appointments to view the homes whenever it's convenient for you.

When we tour houses, I'll call attention to good features, as well as negative ones. I'll also ask you about things you like and don't like. It's widely common for buyers to amend their list of must-haves as we view houses and some items become more crucial than others. If such is the case, I'll search all the listings once again and narrow it down to the house you've been dreaming about.

Step 4 – Understand the market
Your agent's awareness of the Mesa housing market is a fundamental agent in your home search. And I assure you I'm conscious of all the neighborhoods and schools, and I will alert you to some neighborhoods are "hot" and require prompt action and the ones that are "cool" and allow for more consideration.

When we view houses, I'll make sure to communicate when the seller's asking price has room for bargaining and also when I trust the home is "priced to sell." When working with an agent, be mindful and make sure you ask lots of questions, as every real estate agent will claim to truly understand the home market. If it seems like they don't know everything, call me at 480-844-0600 or e-mail me at ranazrealty@gmail.com, and we would be happy to answer any questions you may have.  Our knowledge of the market will help you stay a step ahead through the entire process.

Step 5 – Find the home of your dreams
I'm certain we'll find your dream home in the Mesa area, and when we do, We'll meticulously create your real estate purchase offer. The offer will be tailored to suit your needs. Whenever necessary, I never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.

When sending in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property and is often put towards the closing costs. If the seller accepts the offer, we should close about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Most deals don't close on the first offer, and it's widely common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and go on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing constraints. And at the end of the day, we'll assemble a deal that works well for you.

Step 7 – Get a loan
Once the deal is finalized, you'll begin working with your lender to close the loan. This shouldn't take long 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 needs to close the loan.>

You'll get a Good Faith Estimate (GFE) detailing closing costs from your lender within three days of receiving your application. This estimate depends on the loan amount. RESPA requirements require that it has to contain all closing costs and be within a strict range of accuracy, and I'll examine the estimate and let you know if it all looks okay.

 

Then it's time to close on your home. This will likely take place at a title company or escrow office and will most likely 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 need anything or have any questions, make sure you contact me at 480-844-0600 or send me an e-mail.