Looking to purchase a home in Rock Hill? Petrovich Realty can help.
With a little up-front planning, purchasing a home isn't that complicated, but the event intimidates many people.
So they understand exactly what they can expect, I'll provide buyers with an overview of the whole deal.
These are my nine steps to buying a home.
Should you have any questions about this information or if you're ready to get started, simply contact me here or e-mail me at .
Step 1 – Prepare to buy
Before you begin looking for a home, there are a lot of things you need to consider.
When you start your search, you'll want to put together an outline of features you want to have, get a feeling for what neighborhoods and school districts you'd like to live in, and start planning around your budget.
Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good principle to go by.
Step 2 – Communicate with a real estate agent
This is where I can help.
We can plan 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 talk about everything from neighborhoods, school districts in the Rock Hill 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 assist you in getting started on your loan.
I partner with some of the finest mortgage professionals in Rock Hill, so you'll be in great hands.
They can help you decide which type of loan is best for you, as well as help you get approved.
Step 3 – Begin your search
After our first meeting, I'll begin finding available homes on the market that are a great fit for you.
I'll preview many of the houses and eliminate the bad ones, and then we'll book appointments to view the homes when it's convenient for you.
As we view the homes, I'll identify positive features and bad ones. I'll even ask you about things you like and don't like.
It's pretty common for buyers to revise their list of must-haves as we tour houses and some things become far more important than others.
If that happens, I'll look through all the listings once more and trim it down to the house you've been dreaming about.
Step 4 – Know the market
My understanding of the Rock Hill housing market is a fundamental agent in your home search. I'm informed of all the neighborhoods and school districts, and I'll communicate what areas are "hot" and call for immediate action and some that are "cold" and allow for cautiousness.
When we view homes, I'll be sure to tell you if the list price has room for negotiation or if I believe the home is "priced to sell."
Trust your instincts and be sure to ask your agent plenty of questions, as any REALTOR will convince you they understand the market.
If it seems like they don't know everything, contact me at 803-524-2530 or e-mail me at , and I'd be happy to answer any questions you may have. My market expertise will keep you a step above the rest throughout the entire deal.
Step 5 – Find the home you've been looking for
We'll find your dream home in Rock Hill, and when we do, I'll precisely develop your purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are acquiring financing, carrying out the inspection, and a clear title.
Upon submitting your offer, you'll need to present "earnest money." This is a cash deposit given to the home seller to secure an offer to buy the property, and it's often applied to the closing costs. If the seller accepts the offer, we should close on the home within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the beginning offer. It's very common to receive a counter offer. Don't let it intimidate you. We'll talk over whether or not to take the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the deal.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a deal that is best for you.
Step 7 – Get financing
Upon finishing the deal, you'll begin working with your mortgage lender to close the loan.
If you're already pre-qualified, this won't be a long process at all, but you should to stay in close contact with your lender.
And I'll sort out all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of accepting your application.
The estimate rests on the loan amount, and RESPA requirements dictate 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 permissible.
Then we'll close on your house. This will probably occur at a title company or escrow office and is often a smooth and comfortable occurrence.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, just contact me at 803-524-2530 or e-mail me at .