Buying or selling a home? RE/MAX Advantage can help.

Buying a home is a stressful event for many people, but it's not very hard with a bit of planning ahead of time. So they know exactly what to expect, I'll give buyers a road map of the whole deal. Here are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer any questions you have about this information.

Step 1 – Get ready to purchase
There are a lot of things you should contemplate before you search for a home. You'll probably want to assemble a list of items you need to have, get a feel for what school districts and neighborhoods you want to live in, and start working on your budget. Ensuring your mortgage payment is around 30 percent of your net monthly income is a good guideline to follow.

Step 2 – Connect with a real estate agent in Rice Lake
That's where I can help. We can set up a time to meet so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll discuss everything from neighborhoods, schools in the Rice Lake area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.

I'll also assist you in getting started on your loan. I work with some of Rice Lake's finest mortgage professionals, so you can rest assured that you're in great hands. They will assist you with deciding which kind of loan is best for you and help you get approved.

Step 3 – Begin looking
After our initial meeting, I'll start finding houses on the market that are a good fit for you. I'll get a sneak peek of most of the homes and remove the bad ones, 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 show you the good features and bad ones. I'll also ask you what things you like and don't like. It's widely common for buyers to revise their list of must-haves as we tour homes and some things become far more essential than others. If that's the situation, I'll go back through all the listings again and trim it down to the house you've been wishing for.

Step 4 – Comprehend the market
Your agent's knowledge of the Rice Lake market is a crucial element in your house search. And I assure you I'm informed of all the schools and neighborhoods, and I'll let you know which neighborhoods are "hot" and warrant prompt action and some that are "cool" and allow for thoughtful analysis.

As we view homes, I'll make sure to communicate if the list price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be careful and be sure to ask a lot of questions. Any REALTOR in Rice Lake will claim to truly understand the market. If things don't add up, call me at (715) 736-7000 or e-mail me at , and I'll be glad to answer your questions. My market expertise will keep you a step ahead throughout the entire deal.

Step 5 – Find the home of your dreams
We'll find your dream house in the Rice Lake area, and when we do, I'll meticulously create your purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies. A few examples are acquiring financing, completing the inspection, and a clear title.

When sending in your purchase offer, you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property and is most often put towards 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 plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning offer – it's extremely common to receive a counter offer. Don't let this intimidate you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.

Market circumstances will play a vital role in how aggressively we negotiate the deal. We'll also work within your financing budget. And at the end of the day, we'll put together a deal that is best for you.

Step 7 – Obtain your loan
Upon completion of the contract, you'll begin working with your mortgage lender to close the loan. If you're already pre-qualified, it shouldn't be a long process at all, but you need to keep in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will send you a Loan Estimate (LE) outlining closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of taking your application. This estimate is based on the loan amount. RESPA requirements require that it has to include all closing costs and be within a narrow range of accuracy, and I'll examine the estimate and let you know if it all looks good.

Then we'll close on your home. This should happen at a title company or escrow office and will most often be a smooth and pleasant occasion.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, just call me at (715) 736-7000 or e-mail me at .

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