Once your finances are in order, start the process by making a wish list of things you want in your new home and neighborhood. How much space do you need? What’s more important to you, good schools or a short commute? Does the dog need a big yard?
Once you zero in on a neighborhood that works with your budget, find a real estate agent. Ask family and friends—that’s how 42% of buyers find their agents—but don’t stop there. Interview at least three about their availability, negotiating strategies, and knowledge of the market where you want to buy.
At the same time, start shopping for a mortgage lender. Ask your current bank or credit union about customer discounts. Ask you realtor for a couple of referrals to get quotes and compare fees. Compare fees carefully: Some costs, such as local transfer taxes, are fixed, but others vary from lender to lender.
Once you’ve found a home you want, your agent will help you make an offer. Expect a couple rounds of counter-offers. You’ll plunk down a deposit, from $500 to 5% of the purchase price, to show the seller you’re serious. This “earnest money” goes into an account to be applied to the purchase price at closing time. The contract will include the agreed-upon price, financing terms and an estimated closing date.
After you and the seller have signed the contract, loan processing begins, including the lender’s appraisal. You’ll order an inspection to make sure the home is in good condition. You and the seller will decide how to handle any problems—the seller may pay for repairs or shave some money off the sale price.
Finally, you’ll close the deal amid a flurry of paperwork (be prepared for last-minute requests from the lender, such as updated bank statements). Then all that’s left is to collect the keys and move in!
Author:Deborah Boyd Phone: 940-368-1306 Dated: November 4th 2015 Views: 805 About Deborah: My family has lived in North Texas for generations so I personally know the residential areas of Fri...
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
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"Selling my home was practically stress-free with Pam steering the process. She met with me the next day after our first phone conversation and came prepared with a booklet put together especially for me of homes she had sold in my neighborhood, the market in my area, and how my home compared with others nearby. She was exactly right in her estimation of the real estate market in my neighborhood and the realistic amount I could list for. She understood and answered all my questions knowledgeably and patiently. Being a first-time home-seller, I had many questions throughout the process, and Pam always called or texted me back immediately to answer. From the day I signed the contract to sell with Pam Smith to the day we closed on my home sale was one month! I'm very happy with the financial outcome. You can't go wrong with this amazing, talented, go-getter real estate agent."