Buying or selling a home?

Buying a home intimidates a lot of people. However, with a little up-front planning, it's not too hard. I like to furnish buyers with an outline of the whole deal so they know exactly what to expect. These are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.

Step 1 – Get ready to purchase a home
Before you begin searching for a home, there are plenty of things you should take into account. It's likely that you'll want to put together an index of features you want to have, get an idea of what school districts you'd like to live in, and start planning around your budget. Keeping your mortgage payment less 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 Masterson Network comes in. I'd love to set up a time to get together with you and speak with you about why you want to buy a home and get an idea of your plans for the future. We'll discuss the mortgage industry, other economic factors that may affect your buying decision today or in the future, as well as neighborhoods and schools in the Murfreesboro area.

In addition, I'll help you start the loan process. Masterson Network partners with some of the finest mortgage professionals in Murfreesboro, so you'll be in great hands. They will assist you in figuring out which type of loan is best for you and help you get qualified.

Step 3 – Begin looking for a home
After our initial meeting, I'll begin finding available homes on the market that suit your needs. I'll get a sneak peek of many of the homes and remove the duds, and then we'll schedule appointments to tour the houses whenever it's convenient for you.

When we view the houses, I'll identify positive features and bad ones. And I'll ask you what things you like and dislike. For the most part, buyers amend their must-have list as we tour houses and some things become far more substantial than others. If that happens, I'll search the listings once again and narrow it down to the house you've been waiting for.

Step 4 – Know the housing market
My knowledge of the Murfreesboro housing market is an essential aspect in your home search. I'm familiar with all the schools and neighborhoods, and I can let you know which areas are "hot" and call for prompt action and some that are "cool" and allow for more consideration.

When we view houses, I'll be sure to tell you when the seller's list price has room for negotiation and when I trust the home is "priced to sell." Be on guard and make sure you ask a lot of questions, as any real estate agent will tell you they know the housing market. If it appears they don't know everything, call me at (615)896-5656 or e-mail me at , and I'd be glad to answer your questions. My knowledge of the market will help you stay a step ahead through the entire process.

Step 5 – Find your dream house
I know we'll find your dream home in the Murfreesboro area. When we do, I'll thoroughly create your home purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, carrying out the home inspection, and a clean title.

When we send in your offer, you'll likely want to present "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property and is most often applied to the closing costs. If your offer is accepted, we should close on the home 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 first offer. It's widely common to receive a counter offer. Don't let it discourage you. We'll talk about whether or not to take the counter offer, submit our own counter offer, or reject 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 assemble a deal that works well for you.

Step 7 – Obtain financing
Upon finishing the contract, you'll start working with your lender to close the loan. This shouldn't take long at all if you're pre-approved, but you'll want to stay in close contact with your lender. And I'll deal with all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) of your closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of getting your loan application. The estimate rests on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a tight range of accuracy. I'll go over the estimate and let you know if it all looks adequate.

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

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, simply contact me at (615)896-5656 or e-mail me at .

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