Buying or selling a home? Greater R.I. Properties, LLC can help.

With some up-front planning, buying a home isn't all that hard, but the event is stressful for many people. So they'll know exactly what they can expect, I'll supply buyers with an overview of the whole deal. Below are my nine steps to buying a home. Should you have any questions regarding this information or if you're ready to get started, simply contact me here or e-mail me at .

Step 1 – Prepare to buy a home
There are plenty of things you need to contemplate prior to beginning your home search. You'll most likely want to form a check list of must-haves, plan for what school districts you'd like to live in, and begin planning your budget. A good rule to go by is that your mortgage payment should be 30 percent of your net monthly income.

Step 2 – Contact a real estate agent in North Kingstown
That's where I can help. We can set up a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll talk about everything from neighborhoods, schools in the North Kingstown area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.

I can also assist you in getting started on your loan. There are some great mortgage professionals in North Kingstown, and I partner with a lot of them, so you can rest assured that you're in great hands. They'll assist you with determining which kind of loan is best for you and help you get approved.

Step 3 – Start house hunting
After our first meeting, I'll begin finding available houses on the market that best suit you. I'll get a sneak peek of most of the homes and reject the duds, and then we'll book appointments to view the homes at a time that's convenient for you.

When we view the homes, I'll point out positive features, as well as bad ones. And I'll ask you to talk about things you like and don't like. It's common for buyers to change their must-have list as we view houses and some items become far more important than others. If that's the situation, I'll search the listings once more and trim it down to the home you've been waiting for.

Step 4 – Understand the housing market
My awareness of the North Kingstown home market is a fundamental agent in your home search. I am conscious of all the school districts and neighborhoods, and I'll communicate some districts are "hot" and warrant immediate action and some that are "cool" and allow for thoughtful analysis.

As we tour houses, I'll make sure to communicate when the seller's list price has room for bargaining and when I think the home is "priced to sell." Any REALTOR will claim to truly understand the housing market, but take note, and be sure to ask your agent plenty of questions. If it appears they don't know everything, just call me at 401-932-9005 or e-mail me at , and I'll be glad to answer your questions. My understanding of the market will keep you a step above the rest throughout the entire deal.

Step 5 – Find the home you've been waiting for
I'm positive we'll find the home of your dreams in North Kingstown. When that happens, I'll thoroughly develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies, such as obtaining financing, finishing the inspection, and a clear title.

When we turn in your offer, you'll want to submit "earnest money." This is a cash deposit given to a seller to secure an offer to purchase the property, and it's most often applied to the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Most contracts aren't closed on the initial offer. It's extremely common to receive a counter offer. But don't let it discourage you. We'll talk over whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and go on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing limits. And at the end of the day, we'll put together a deal that is best for you.

Step 7 – Obtain financing
Once we sign the final sales contract, you'll start working with your mortgage lender to close the loan. This won't take much time at all if you're already pre-qualified, but you'll want to keep in close contact with your lender. And I'll care for all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of getting your application. This estimate rests on the loan amount. RESPA requirements order that it has to involve all closing costs and fall within a precise range of accuracy, and I'll analyze the estimate and let you know if everything looks okay.

Then it's time to close on your home. This will likely occur at a title company or escrow office and will likely be a smooth and calm occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to call me at 401-932-9005 or e-mail me at .