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

Buying a home is stressful for most people, but with some planning ahead of time, it's not very complex. So they'll know exactly what they can expect, I will give buyers an outline of the whole deal. Below are my nine steps to buying a home. If you have any questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase
There are many things you'll want to consider before beginning your home search. You'll probably want to assemble a checklist of must-haves, get an idea of what neighborhoods and school districts you'd like to live in, and start working on your budget. Keeping your mortgage payment less than 1/3 of your monthly income is a good rule to follow.

Step 2 – Speak with a real estate agent in North Kingstown
That's where I come in. I'd be more than happy to set up a time to get together with you and talk about why you want to buy a home and get an idea of your future plans. We'll talk about neighborhoods, schools in the North Kingstown area, the mortgage industry, and any other economic factors that may potentially affect your purchase today or in the future.

I'll also help you begin the loan process. There are some very good mortgage professionals in North Kingstown, and I partner with a lot of them, so you'll be in great hands. They'll assist you in deciding which type of loan is best for you and help you get qualified.

Step 3 – Begin your search
Following our initial meeting, I'll start finding houses on the market that suit your needs. I'll preview most of the houses and ignore the duds, and then we'll set up appointments to view the houses when it's most convenient for you.

When we tour houses, I'll identify positive features and bad ones. I'll even ask you to tell us about things you like and dislike. As a rule, buyers revise their wish list as we tour houses and some features become far more crucial than others. If that happens, I'll look through the listings again and narrow it down to the house of your dreams.

Step 4 – Comprehend the housing market
My understanding of the North Kingstown market is an essential aspect in your house search. I am mindful of all the schools and neighborhoods, and I'll alert you to what neighborhoods are "hot" and call for prompt action and the ones that are "cool" and allow for careful consideration.

When we tour houses, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions. Any REALTOR will claim to truly know the home market. If things don't add up, contact me at 401-932-9005 or e-mail me at , and I'd be more than happy to answer any questions you have. My market knowledge will help you stay a step ahead through the entire process.

Step 5 – Find the home of your dreams
I'm sure we'll find your dream house in North Kingstown. When we do, I'll precisely develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.

Upon turning in your offer, you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property, and it's usually put towards the cost of closing. If the offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most deals aren't closed on the beginning offer. It's really common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

Market conditions will play a part in how aggressively we negotiate the deal. We'll also work within your financing limits. And at the end of the day, we'll create a contract that works well for you.

Step 7 – Obtain your loan
Upon signing the contract, you'll begin working with your mortgage lender to close the loan. If you've been pre-approved, it won't take much time at all, but you should to keep in close contact with your lender. And I'll look after all the property information your lender needs to close the loan.

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

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

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