Let Hoffer Realty Associates assist you in buying your new home in DuBois

With a little planning ahead of time, purchasing a home isn't that difficult, but the event is intimidating for a lot of people. So you'll know exactly what to expect, I like to supply my buyers with an overview of the whole deal. These are my nine steps to purchasing a home.

Step 1 – Prepare to purchase
There are plenty of things you need to contemplate prior to commencing your home search. You'll probably want to assemble an outline of must-have features, get an idea of what neighborhoods and school districts you want to live in, and begin working on your budget. A good rule to follow is that your mortgage payment should be less than a third of your monthly income.

Step 2 – Talk to a real estate agent in DuBois
This is where Hoffer Realty Associates comes in. I'll schedule a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll talk about neighborhoods, schools in the DuBois area, the mortgage industry, and any other economic factors that may affect your purchase today or in the future.

I can also help you begin the loan process. I work with some of the finest mortgage professionals in DuBois, so you'll be in great hands. They can help you figure out which kind of loan is best for you, as well as help you get approved.

Step 3 – Begin looking for a home
After we meet for the first time, I'll begin searching for houses on the market that are good for you. I'll get a sneak peek of many of the houses and reject the bad ones, and then we'll book appointments to view the houses at a time that's convenient for you.

As we tour the houses, I'll show you the positive features, as well as negative ones. And I'll ask you to talk about things you like and don't like. For the most part, buyers update their list of must-haves as we tour houses and some items become more essential than others. If that's the case, I'll look through all the listings once again and narrow it down to the house you've been dreaming about.

Step 4 – Understand the housing market
Your agent's understanding of the DuBois housing market is an essential element in your house search. And I assure you I'm mindful of all the neighborhoods and school districts, and I'll alert you to what neighborhoods are "hot" and warrant prompt action and the ones that are "cool" and allow for careful analysis.

When we tour houses, I'll make sure to communicate when the seller's asking price has room for bargaining and when I think the home is "priced to sell." Every REALTOR^® in DuBois will convince you they understand the home market, but be mindful, and make sure you ask your agent plenty of questions. If it seems like they don't know everything, just call me at 8143712100 or e-mail me at mark.hoffer@verizon.net, and I'd be happy to answer any questions you might have. My knowledge of the market will help you stay a step above the rest through the entire deal.

Step 5 – Find the house you've been waiting for
I'm certain we'll find the house of your dreams in the DuBois area. When we do, I'll thoroughly create your real estate purchase offer. The offer will be tailored exactly to your needs, including some contingencies, such as getting financing, finishing the inspection, and a clean title.

Upon presenting your purchase offer, you'll probably want to present "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property and is often put towards the closing costs. If the offer is accepted, we should close within 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts don't close on the initial offer – it's very common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and move on.

The state of the market determines how aggressively we negotiate the contract. In addition, we'll work within your budget. And when it's all said and done, we'll assemble a contract that's best for you.

Step 7 – Secure financing
Once the contract is finished, you'll begin working with your mortgage lender to close the loan. If you're already pre-approved, this shouldn't take much time at all. But you'll need to keep in close contact with your lender. And I'll deal with all the property information your lender needs to close the loan.>

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining your closing costs from your mortgage lender within three days of getting your application. This estimate rests on the loan amount. RESPA requirements order that it has to contain all closing costs and be within a tight range of accuracy, and I'll study the estimate and let you know if everything looks good.

Then we'll close on your home. This will most likely occur at a title company or escrow office and should be a smooth and relaxing occasion.

Step 9 – Move in
Success! Now you can move into your new home. Enjoy it. And if you need anything, make sure you call me at 8143712100 or send me an e-mail.