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: 752 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.
General Inquiries: firstname.lastname@example.org
Office Number: 1 (800) 683-5651
Texas Real Estate Commission Consumer Protection Notice
When shopping for a house, you have to choose from the homes that are
"Somehow my wife came across Gary's name in the process of searching for homes to buy. Prior to that, we had had no experience with him or Keller-Williams. Here's how the process went for us:
Over the course of two weekends, Gary showed us no less than 20 homes. He helped us narrow-down the list, suggested more homes for viewing, and discussed the pros and cons of each home we saw. His advice was honest, forthcoming, and impartial. When he thought a home wasn't right, he said so. When he thought a home was a good deal, he said so, too. But he didn't merely give his opinion, he backed it up with facts and figures.
Once we started making offers, Gary provided invaluable advice on the legal and financial processes, and actually fought for us and our interests during the whole process.
Simply stated, I've never seen a real estate agent as good as Gary. It's not just his knowledge and responsiveness, but also his willingness to protect his clients and fight for their interests, and of course his friendliness. When you do business with Gary, you're getting a lot more than "just" a real estate agent. I cannot recommend him highly enough. "