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

Purchasing a home can be stressful for many people, but with a bit of up-front planning, it's not that complex. I like to provide buyers with an outline of the whole deal so they'll understand exactly what they can expect. These are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to address questions you have regarding this information.

Step 1 – Prepare to buy a home
There are several things you need to consider before commencing your home search. When you start your search, you'll probably want to assemble a checklist of features you want to have, get an idea of what neighborhoods you'd like to live in, and begin planning around your budget. Ensuring your mortgage payment is less than or close to 30 percent of your net monthly income is a good rule of thumb to follow.

Step 2 – Connect with a real estate agent
This is where I can help. I'd be more than happy to book a time to meet with you and speak with you regarding your real estate needs and get an idea of your plans for the future. We'll discuss everything from neighborhoods, school districts in the North Kingstown area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.

In addition, I'll help you begin the loan process. There are some excellent mortgage professionals in North Kingstown, and I work with a lot of them, so you'll be in great hands. They can help you decide which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking for a house
After our initial meeting, I'll start looking for homes on the market that are good for you. I'll research many of the houses and eliminate the duds, and then we'll schedule appointments to tour the houses when it's convenient for you.

When we tour homes, I'll identify positive features, as well as negative ones. I'll also ask you what things you like and dislike. It's widely common for buyers to update their must-have list as we view houses and some features become far more important than others. If that's the case, I'll go back through the listings once more and trim it down to the home you've been waiting for.

Step 4 – Know the housing market
My knowledge of the North Kingstown housing market is a necessary element in your house search. I'm mindful of all the neighborhoods and schools, and I will alert you to certain neighborhoods are "hot" and call for immediate action and others that are "cool" and allow for thoughtful analysis.

When we view homes, I'll be sure to tell you if the seller's asking price has room for negotiation or if I believe the house is "priced to sell." Any REALTOR will claim to truly understand the market, but take note, and be sure to ask a lot of questions. If things don't add up, just call me at 401-932-9005 or e-mail me at , and I'll be happy to answer any questions you have. My knowledge of the market will keep you a step above the rest through the entire deal.

Step 5 – Find the home you've been looking for
I know we'll find the home of your dreams in the North Kingstown area. When that happens, I'll meticulously develop your home purchase offer. The offer will be tailored to suit your needs and the home, including several contingencies, such as acquiring financing, completing the home inspection, and a clear title.

When presenting your purchase offer, you'll want to present "earnest money." This is a cash deposit given to the seller to secure an offer to buy the property, and it's often put towards the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals don't close on the beginning offer. It's very common to receive a counter offer. Don't let this alarm you. We'll consider whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and go on.

Market conditions will play a role in how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And at the end of the day, we'll create a contract that's best for you.

Step 7 – Obtain your loan
Once we sign the final contract, you'll start working with your lender to close the loan. This shouldn't take much time at all if you've been pre-approved, but you'll want to stay in close contact with your lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) detailing your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of accepting your application. This estimate is formed from the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll analyze the estimate and let you know if it all looks good.

Then we'll close on your house. This will most often occur at a title company or escrow office and will most likely be a smooth and easygoing occurrence.

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