Buying your new home in MIDLAND

	When you're ready to get started, simply contact me here or send e-mail to lisa@midessahomes.com. I'm happy to address questions you have about this information.

Step 1 – Get ready to buy
There are several things you'll want to contemplate prior to commencing your home search. You'll want to make a check list of items you want to have, plan for what neighborhoods you'd like to live in, and start working on your budget. A good rule of thumb to follow is that your mortgage payment should be a third of your net monthly income.

Step 2 – Talk to a real estate agent in MIDLAND
This is where KELLY REALTY can help. I'd be happy to set up a time to get together with you and speak with you regarding why you want to buy a home and get an idea of your plans for the future. We'll talk about the mortgage industry, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the MIDLAND area.

I'll also help you begin the loan process. There are some great mortgage professionals in MIDLAND, and I work with a lot of them, so you'll be in great hands. They will help you decide which type of loan is best for you, as well as help you get approved.

Step 3 – Start looking
After our initial meeting, I'll start 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 book appointments to view the houses when it's most convenient for you.

When we view the houses, I'll call attention to positive features and bad ones. I'll also ask you what things you like and don't like. It's pretty common for buyers to change their wish list as we view houses and some things become more substantial than others. If that's the case, I'll search the listings one more time and narrow it down to the home you've been waiting for.

Step 4 – Get a feel for the market
An agent's awareness of the MIDLAND housing market is an essential component in your home search. And I can assure you I'm informed of all the neighborhoods and schools, and I will alert you to what districts are "hot" and call for prompt action and the ones that are "cool" and allow for cautiousness.

When we tour homes, I'll be sure to tell you if the list price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, be mindful and be sure to ask a lot of questions. Any real estate agent in MIDLAND will tell you they truly know the market. If things don't add up, just call me at 432-685-9008 or e-mail me at lisa@midessahomes.com, and I'd be glad to answer any questions you have. My market expertise will help you stay a step above the rest through the entire deal.

Step 5 – Find the home of your dreams
I'm positive we'll find the home of your dreams in MIDLAND. When that happens, I'll carefully create your purchase offer. The offer will be tailored with your needs in mind, including many contingencies, such as obtaining financing, finishing the home inspection, and a clean title.

Upon presenting your offer, most likely 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 usually applied to the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the initial offer. It's really common to receive a counter offer. Don't let it intimidate you. We'll consider whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

Market circumstances determine how aggressively we negotiate the contract. In addition, we'll work within your financing budget. And when it's all said and done, we'll formulate a deal that is best for you.

Step 7 – Secure financing
After we sign the final deal, you'll start working with your mortgage lender to close the loan. This shouldn't take long at all if you're already pre-qualified, but you need to stay in close contact with your lender. And I'll take care of all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will provide you with a Good Faith Estimate (GFE) outlining your closing costs within three days of accepting your application. You'll get a Good Faith Estimate (GFE) outlining your closing costs from your lender within three days of taking your loan application. This estimate depends on the loan amount, and RESPA requirements mandate that it has to include all closing costs and be within a precise range of accuracy. I'll examine the estimate and let you know if it all looks permissible.

Then we'll close on your house. This should take place at a title company or escrow office and will most likely be a smooth and stress-free event.

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 432-685-9008 or send me an e-mail.