Buying or selling a home in Antioch or the Greater Nashville area?
Purchasing a home is intimidating for most people, but with some planning ahead of time, it's not too complicated. So you understand exactly what to expect, we like to furnish our buyers with a road map of the whole deal. Here are our nine steps to buying a home.
When you're ready to get started, you can contact us here or send us e-mail
. We're glad to answer any questions you have regarding this information.
Step 1 – Prepare to buy
Before you begin searching for a home, there are a few steps to take first. BUDGET so you'll know how much you can put towards your mortgage each month. A good guideline to follow is that your mortgage payment should be less than 1/3 of your net monthly income. GET PRE-APPROVED! We can help you begin the loan process. We work with some of the finest mortgage professionals in Antioch or the Greater Nashville area, so you'll be in great hands. They will help you figure out which type of loan is best for you, as well as help you get approved. When you begin your home search, use our checklist of features you want in a home, get a feel for what neighborhoods and school districts you'd like to live in, and let's start shopping!
Step 2 – Get in touch with a real estate agent in Antioch or the Greater Nashville Area
That's where we come in. We can plan a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. We'll discuss neighborhoods, school districts in Antioch or the Greater Nashville area, the mortgage and housing industries, and any additional economic factors that could affect your buying decision today or in the future.
Step 3 – Begin your search
After our first meeting, we'll start looking for available houses on the market that are a great fit for you. We'll research most of the homes and ignore the duds, and then we'll set up appointments to tour the homes when it's most convenient for you.
When we view the houses, we'll identify good features and bad ones. we'll also ask you what things you like and don't like. For the most part, buyers update their wish list as we view houses and some features become far more crucial than others. If that's the case, we'll look through the listings again and trim it down to the house you've been dreaming about.
Step 4 – Get a feel for the housing market
Your agent's understanding of the Antioch and Greater Nashville market is a leading aspect in your home search. And we assure you we're well acquainted with all the school districts and neighborhoods, and we'll alert you to what districts are "hot" and demand immediate action and the ones that are "cold" and allow for careful examination.
When we tour homes, we'll let you know when the seller's asking price has room for negotiation and when we trust the home is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions, as any real estate agent will tell you they understand the housing market. If things don't add up, just call us at (615) 410-4300 or e-mail us at info@WelcomeHomeRealty-TN.com, and we'll be glad to answer any questions you might have. Our understanding of the market will help you stay a step above the rest through the entire process.
Step 5 – Find the house you've been waiting for
We're positive we'll find the home of your dreams in Antioch or the Greater Nashville area, and when we do, we'll carefully develop your home purchase offer. The offer will be tailored keeping your needs in mind. Whenever necessary, We never forget to make contracts contingent upon items like obtaining financing and the results of the home inspection.
Upon sending in your offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to a home seller to secure the offer to buy the property and is often put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the first offer – it's extremely common to receive a counter offer. Don't let this discourage you. We'll discuss whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the contract depends on the state of the market. In addition, we'll work within your budget. And when it's all said and done, we'll formulate a deal that works well for you.
Step 7 – Complete Your Loan Application
Once we sign the final sales contract, you'll start working with your mortgage lender to close the loan. This won't be a long process at all if you're already pre-qualified, but you need to keep in close contact with your mortgage lender. And we'll take care of all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of accepting your loan application. This estimate is formed from the loan amount. RESPA requirements dictate that it has to include all closing costs and be within a precise range of accuracy.
Then we'll close on your house. This will likely occur at a title company or escrow office and will most often be a smooth and pleasant affair.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, just call us at (615) 410-4300 or send us an e-mail.