Buying or selling a home in Laramie?
With a little up-front planning, purchasing a home isn’t very complex, but it still is intimidating for a lot of people. So you’ll understand exactly what to expect, we like to give our buyers an outline of the entire deal. Below are our nine steps to buying a home.
Step 1 – Get ready to buy
Before you start searching for a home, there are many things you need to take into account. When you begin your search, you’ll probably want to make a list of must-have features, get a feeling for what neighborhoods and school districts you’d like to live in, and begin working on your budget. A good guideline to go by is that your mortgage payment should be less than or close to 1/3 of your monthly income.
Step 2 – Communicate with a real estate agent in Laramie
This is where we come in. We can schedule a time to meet so we can talk about your real estate needs and get an idea of your future plans. We’ll discuss everything from neighborhoods, schools in the Laramie area, the mortgage industry, to any other economic factors that could affect your purchase today or in the future.
We can also help you get started on your loan. Aspen Real Estate of Laramie partners with some of Laramie’s finest mortgage professionals, so you can rest assured that you’re in great hands. They will assist you in deciding which type of loan is best for you and help you get qualified.
Step 3 – Start looking for a house
After we meet, we’ll begin looking for available homes on the market that are great for you. We’ll preview many of the homes and remove the bad ones, and then we’ll book appointments to view the houses when it’s convenient for you.
When we view houses, we’ll identify positive features, as well as negative ones. we’ll even ask you about things you like and dislike. It’s pretty common for buyers to revise their must-have list as we tour houses and some features become more essential than others. If that happens, we’ll go back through the listings once again and trim it down to the home of your dreams.
Step 4 – Know the housing market
Your agent’s understanding of the Laramie home market is a leading component in your house search. And we assure you we’re well-versed in all the schools and neighborhoods, and we’ll let you know which areas are “hot” and require prompt action and the ones that are “cool” and allow for thoughtful analysis.
As we view houses, we’ll be sure to tell you when the list price has room for bargaining and also when we think the house is “priced to sell.” Any REALTOR® will tell you they know the housing market, but take note, and make sure you ask your agent plenty of questions. If it appears they don’t know everything, call me at (307) 755-5200 or e-mail us at firstname.lastname@example.org, and we’ll be more than happy to answer any questions you might have. Our knowledge of the market will help you stay a step above the rest throughout the entire process.
Step 5 – Find the home you’ve been waiting for
I’m confident we’ll find your dream home in Laramie. When we do, we’ll precisely create your real estate purchase offer. The offer will be tailored exactly to your needs, including a lot of contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clean title.
When 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 purchase the property and is most often put towards the closing costs. If your offer is accepted, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
Most deals don’t close on the initial offer, and it’s really common to receive a counter offer. But don’t let this discourage you. We’ll talk about whether or not to accept the counter offer, propose our own counter offer, or reject the seller’s offer and go on.
Market conditions will play a vital role in how aggressively we negotiate the contract. We’ll also work within your budget. And when it’s all said and done, we’ll assemble a contract that works well for you.
Step 7 – Obtain a loan
After the deal is complete, you’ll start working with your mortgage lender to close the loan. This shouldn’t take much time at all if you’re pre-approved, but you’ll want to stay in close contact with your mortgage lender. And we’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 supply you with a Good Faith Estimate (GFE) outlining your closing costs within three days of receiving your application. The estimate is formed from the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a narrow range of accuracy. we’ll analyze the estimate and let you know if it all looks all right.
Then it’s time to close on your home. This will likely occur at a title company or escrow office and will most often be a smooth and calm occasion.
Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, just contact us at (307) 755-5200 or send us an e-mail.