Buying or selling a home? Petrovich Realty can help.

With some planning ahead of time, purchasing a home isn't too difficult, but the event can be stressful for a lot of people. I like to supply buyers with an overview of the whole deal so they understand exactly what to expect. These are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to address questions you have about this information.

Step 1 – Get ready to buy
There are plenty of things you'll want to contemplate before you search for a home. When you start your search, you'll want to make an outline of features you want to have, plan for what school districts and neighborhoods you want to live in, and start planning around your budget. Keeping your mortgage payment around 1/3 of your monthly income is a good rule to adhere to.

Step 2 – Speak with a real estate agent in Rock Hill
This is where I can help. We can book a time to get together so we can talk about your real estate needs and get an idea of your future plans. We'll discuss neighborhoods, schools in the Rock Hill area, the mortgage and housing industries, and any additional economic factors that might affect your purchase today or in the future.

I can also assist you in getting started on your loan. There are some great mortgage professionals in Rock Hill, and I partner with a lot of them, so you'll be in great hands. They'll help you determine which kind of loan is best for you, as well as help you get qualified.

Step 3 – Start your home search
Following our initial meeting, I'll start finding homes on the market that suit your needs. I'll get a sneak peek of many of the houses and remove the duds, and then we'll set up appointments to view the homes when it's most convenient for you.

As we view the houses, I'll call attention to positive features and bad ones. And I'll ask you to point out what things you like and don't like. Generally, buyers update their must-have list as we view homes and some things become more necessary than others. If that's the situation, I'll look through all the listings once more and trim it down to the house of your dreams.

Step 4 – Understand the market
An agent's understanding of the Rock Hill market is a leading factor in your house search. And I can assure you I'm mindful of all the neighborhoods and school districts, and I'll alert you to what areas are "hot" and call for prompt action and some that are "cool" and allow for more examination.

When we view houses, I'll let you know 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 mindful and be sure to ask lots of questions. Every REALTOR in Rock Hill will tell you they know the home market. If it doesn't seem like they know everything, call me at 803-524-2530 or e-mail me at , and I'll be more than happy to answer any questions you might have. My market knowledge will keep you a step above the rest through the entire deal.

Step 5 – Find the home you've been waiting for
We'll find the home of your dreams in Rock Hill, and when that happens, I'll precisely 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 clear title.

Upon presenting your purchase offer, most likely you'll want to present "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property, and it's often applied to the cost of closing. If the offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer. It's really common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.

The state of the market will play a role in how aggressively we negotiate the contract. In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a contract that works well for you.

Step 7 – Get your loan
Upon completion of the contract, you'll begin working with your lender to close the loan. If you're already pre-approved, this won't take long at all, but you'll need 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
Your mortgage lender will provide you with a Loan Estimate (LE) of closing costs within three days of getting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your application. The 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 analyze the estimate and let you know if it all looks adequate.

Then it's time to close on your home. This will most likely take place at a title company or escrow office and will probably be a smooth and stress-free affair.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, just call me at 803-524-2530 or e-mail me at .

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