Buying or selling a home?

Buying a home is stressful for a lot of people. However, with some planning ahead of time, it isn't very hard. So they'll understand exactly what to expect, I'll supply buyers with an overview of the whole deal. Below are my nine steps to purchasing a home. If you have any questions about this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase
There are several things you'll want to take into account before beginning your home search. It's likely that you'll want to assemble a check list of features you want, get a feeling for what school districts you want to live in, and begin working on your budget. Ensuring your mortgage payment is less than a third 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 schedule a time to get together so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about everything from neighborhoods, school districts in the North Kingstown area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.

I can 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 will assist you in choosing which kind of loan is best for you and help you get approved.

Step 3 – Begin your home search
After our initial meeting, I'll start searching for houses on the market that are great for you. I'll preview many of the homes and reject the bad ones, and then we'll schedule appointments to tour the houses when it's most convenient for you.

When we tour homes, I'll point out positive features, as well as bad ones. I'll even ask you to point out what things you like and don't like. Usually, buyers change their must-have list as we view homes and some items become far more substantial than others. If that happens, I'll search the listings another time and narrow it down to the home you've been waiting for.

Step 4 – Comprehend the housing market
My understanding of the North Kingstown market is a crucial agent in your house search. I'm mindful of all the schools and neighborhoods, and I can let you know which districts are "hot" and warrant immediate action and some that are "cool" and allow for careful consideration.

When we view houses, I'll be sure to tell you if the asking price has room for bargaining or if I believe the house is "priced to sell." Be careful and be sure to ask your agent lots of questions, as any REALTOR in North Kingstown will convince you they comprehend the housing market. If things don't add up, call me at 401-932-9005 or e-mail me at , and I'd be more than happy to answer your questions. My market knowledge will help you stay a step above the rest through the entire deal.

Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in the North Kingstown area, and when we do, I'll precisely develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are getting financing, completing the inspection, and a clear title.

Upon presenting your offer, you'll need to present "earnest money." This is a cash deposit given to a seller to secure the offer to purchase the property, and it's often applied to the closing costs. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer. It's very common to receive a counter offer. But don't let it discourage you. We'll figure out 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 deal depends on the state of the market. We'll also work within your financing constraints. And at the end of the day, we'll create a contract that is best for you.

Step 7 – Secure a loan
Upon completion of the deal, you'll start working with your lender to close the loan. It won't take long at all if you're already pre-approved, but you need to keep in close contact with your lender. And I'll handle all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your loan application. The estimate depends on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a narrow range of accuracy. I'll go over the estimate and let you know if everything looks good.

Then we'll close on your house. This will probably happen at a title company or escrow office and should be a smooth and relaxing occasion.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, be sure to contact me at 401-932-9005 or e-mail me at .