Let Petrovich Realty assist you with purchasing your home in Rock Hill
For a lot of people, purchasing a home can be a stressful event. But with some up-front planning, it's not too complex.
So they understand exactly what they can expect, I will give buyers an outline of the whole deal.
These are my nine steps to buying a home.
If you have questions about 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 buy
There are many things you need to do before you search for a home.
It's likely that you'll want to put together a check list of must-haves, get a feeling for what school districts you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is around a third of your net monthly income is a good principle to go by.
Step 2 – Contact a real estate agent
This is where I come in.
I'd love to schedule a time to get together with you and speak with you regarding why you want to buy a home and get an idea of your future plans.
We'll discuss neighborhoods, school districts in the Rock Hill area, the mortgage industry, and any additional economic factors that could potentially affect your purchase today or in the future.
I'll also help you start the loan process.
There are some great mortgage professionals in Rock Hill, and I partner with a lot of them, so you can rest assured that you're in great hands.
They'll help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Begin looking for a house
After we meet, I'll begin looking for available houses on the market that meet your needs.
I'll preview most of the homes and remove the bad ones, and then we'll book appointments to tour the houses at a time that's convenient for you.
As we tour the houses, I'll show you the good features and negative ones. I'll also ask you to point out what things you like and dislike.
Frequently, buyers amend their wish list as we tour houses and some things become far more crucial than others.
If that's the case, I'll search all the listings again and trim it down to the house you've been waiting for.
Step 4 – Know the housing market
Your agent's understanding of the Rock Hill housing market is an essential factor in your home search. And I can assure you I'm informed of all the neighborhoods and school districts, and I will alert you to some districts are "hot" and require prompt action and the ones that are "cool" and allow for thoughtful examination.
When we tour houses, I'll make sure to communicate if the seller's asking price has room for bargaining or if I believe the home is "priced to sell."
Trust your instincts and make sure you ask a lot of questions, as every REALTOR will tell you they know the home market.
If things don't add up, contact me at 803-524-2530 or e-mail me at , and I'd be more than happy to answer any questions you have. My knowledge of the market will help you stay a step ahead through the entire deal.
Step 5 – Find the home you've been looking for
I'm certain we'll find your dream home in the Rock Hill area. When that happens, I'll meticulously create your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.
When we turn in your purchase offer, you'll probably want to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property. The amount is often put towards the cost of closing. If your offer is accepted, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the initial offer, and it's extremely common to receive a counter offer. Don't let it intimidate you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or refuse 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 budget. And when it's all said and done, we'll put together a deal that's best for you.
Step 7 – Obtain a loan
Upon finishing the contract, you'll start working with your lender to close the loan.
This won't take much time at all if you're pre-qualified, but you'll want to keep in close contact with your mortgage lender.
And I'll care for all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of receiving your loan application.
This estimate rests on the loan amount, and RESPA requirements order that it has to contain all closing costs and fall within a close range of accuracy. I'll examine the estimate and let you know if it all looks permissible.
Then it's time to close on your house. This will most likely take place at a title company or escrow office and will probably be a smooth and calm event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you call me at 803-524-2530 or e-mail me at .