Buying or selling a home? Tierra Antigua Realty can help.
For many people, buying a home can be stressful. However, with a bit of up-front planning, it's not that complex.
So you'll understand exactly what to expect, we like to give our buyers an overview of the entire deal.
These are our nine steps to purchasing a home.
When you're ready to get started, you can contact us here or send us e-mail
. We're glad to address questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are several things you'll want to consider before beginning your home search.
When you start your search, you'll probably want to make a checklist of features you need, get a feeling for what school districts you want to live in, and begin planning around your budget.
Keeping your mortgage payment less than 1/3 of your monthly income is a good rule of thumb to go by.
Step 2 – Get with a real estate agent in Tucson
That's where we can help.
We can arrange a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll talk about neighborhoods, school districts in the Tucson area, the mortgage and housing industries, and any other economic factors that might affect your purchase today or in the future.
We can also assist you with getting started on your loan.
There are some very good mortgage professionals in Tucson, and we partner with a lot of them, so you can rest assured that you're in great hands.
They'll assist you in choosing which type of loan is best for you and help you get approved.
Step 3 – Begin your search
After we meet for the first time, we'll begin finding available houses on the market that are a great fit for you.
We'll research many of the houses and exclude the duds, and then we'll book appointments to view the homes at a time that's convenient for you.
When we view homes, we'll identify positive features, as well as negative ones. we'll also ask you about things you like and don't like.
Oftentimes, buyers amend their wish list as we tour homes and some items become more necessary than others.
If that happens, we'll go back through the listings another time and narrow it down to the home you've been waiting for.
Step 4 – Get a feel for the market
Your agent's knowledge of the Tucson market is an imperative factor in your home search. And we can assure you we're in touch with all the neighborhoods and schools, and we'll let you know certain areas are "hot" and demand immediate action and the rest that are "cold" and allow for thoughtful analysis.
When we view homes, we'll let you know when the list price has room for bargaining and when we know the home is "priced to sell."
Be on guard and be sure to ask your agent a lot of questions, as every real estate agent will convince you they know the housing market.
If it seems like they don't know everything, just call us at 520-577-9333 or e-mail us at Bruce@BruceASchulman.com, and we'll be glad to answer any questions you have. Our market expertise will help you stay a step ahead through the entire process.
Step 5 – Find your dream house
We're positive we'll find the home of your dreams in the Tucson area. When we do, we'll carefully develop your real estate purchase offer. The offer will be tailored exactly to your needs, including some contingencies. A few examples are acquiring financing, completing the inspection, and a clear title.
Upon presenting your offer, you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property, and it's typically applied to the cost of closing. If the seller accepts your offer, we should close on the property about 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the initial offer – it's very common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and go on.
Market conditions determine how aggressively we negotiate the deal.
We'll also work within your financing constraints. And when it's all said and done, we'll create a contract that's best for you.
Step 7 – Obtain financing
Upon completing the deal, you'll start working with your lender to close the loan.
If you're already pre-approved, this shouldn't take very long at all, but you'll want to keep in close contact with your mortgage lender.
And we'll sort out 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) detailing closing costs from your mortgage lender within three days of getting your loan application.
This estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a narrow range of accuracy, and we'll go over the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will most likely take place at a title company or escrow office and will most likely be a smooth and peaceful affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, simply contact us at 520-577-9333 or send us an e-mail.