Contemplating purchasing a new home in North Kingstown? Greater R.I. Properties, LLC can help.

Purchasing a home is a stressful event for many people, but with a bit of planning ahead of time, it's not very complex. So they understand exactly what to expect, I'll furnish buyers with a road map of the entire deal. These are my nine steps to buying a home. Should you have any questions about this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Get ready to buy a home
There are several things you'll want to do before you start searching for a home. You'll most likely want to create an index of items you want to have, plan for what school districts and neighborhoods you want to live in, and start planning your budget. Ensuring your mortgage payment is no more than 1/3 of your monthly income is a good guideline to adhere to.

Step 2 – Speak with a real estate agent in North Kingstown
That's where I come in. We'll set up a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll talk about neighborhoods, school districts in the North Kingstown area, the mortgage and housing industries, and any other economic factors that may affect your purchase today or in the future.

I can also help you start the loan process. There are some excellent mortgage professionals in North Kingstown, and I partner with a lot of them, so you'll be in great hands. They can assist you in determining which kind of loan is best for you and help you get qualified.

Step 3 – Begin your search
Following our initial meeting, I'll start finding homes on the market that meet your needs. I'll preview most of the houses and throw out the bad ones, and then we'll schedule appointments to tour the homes whenever it's most convenient for you.

When we tour the houses, I'll show you the positive features, as well as bad ones. And I'll ask you to tell us about things you like and dislike. Usually, buyers update their must-have list as we tour homes and some things become more substantial than others. If that's the case, I'll look through the listings again and trim it down to the house you've been waiting for.

Step 4 – Get a grasp of the housing market
An agent's knowledge of the North Kingstown housing market is a leading aspect in your house search. And I can assure you I'm informed of all the schools and neighborhoods, and I will alert you to what neighborhoods are "hot" and warrant immediate action and some that are "cold" and allow for careful consideration.

When we view houses, I'll let you know when the list price has room for negotiation and also when I think the home is "priced to sell." Any REALTOR in North Kingstown will convince you they understand the housing market, but take notice, and make sure you ask a lot of questions. If it seems like they don't know everything, call me at 401-932-9005 or e-mail me at , and I'll be glad to answer any questions you may have. My market expertise will help you stay a step above the rest through the entire process.

Step 5 – Find the home of your dreams
We'll find the home of your dreams in North Kingstown, and when that happens, I'll carefully create your home purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as getting financing, completing the inspection, and a clean title.

When we send in your offer, most likely you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to purchase the property. The amount is often 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 afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the first offer – it's very common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the contract depends on market conditions. We'll also work within your financing budget. And when it's all said and done, we'll compose a deal that works well for you.

Step 7 – Secure a loan
After we sign the final sales contract, you'll begin working with your lender to close the loan. It shouldn't be a long process at all if you're already pre-approved, but you'll need to stay in close contact with your lender. And I'll take care of 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. The estimate depends on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a precise range of accuracy. I'll examine the estimate and let you know if it all looks all right.

Then it's time to close on your home. This will most often take place at a title company or escrow office and is often a smooth and calm event.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, make sure you call me at 401-932-9005 or e-mail me at .