Contemplating purchasing your home in San Antonio? Barrientos Properties can help.
With a little planning ahead of time, buying a home isn't too confusing, but the event can be stressful for many people.
So they know exactly what they can expect, I will furnish buyers with an overview of the whole deal.
Here 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 happy to answer questions you have regarding this information.
Step 1 – Prepare to buy
Before you start searching for a home, there are several things you need to consider.
You'll want to make a check list of items you want, get a feel for what neighborhoods and school districts you want to live in, and begin planning around your budget.
Keeping your mortgage payment around 1/3 of your net monthly income is a good rule to follow.
Step 2 – Communicate with a real estate agent
This is where I can help.
We'll plan a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future.
We'll discuss neighborhoods, schools in the San Antonio area, the mortgage and housing industries, and any additional economic factors that may potentially affect your buying decision today or in the future.
I can also assist you in getting started on your loan.
There are some great mortgage professionals in San Antonio, and I work with a lot of them, so you'll be 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 house hunting
After our first meeting, I'll begin looking for houses on the market that meet your needs.
I'll preview most of the homes and throw out the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.
As we tour the houses, I'll show you the positive features, as well as bad ones. I'll also ask you about things you like and dislike.
Generally, buyers revise their list of must-haves as we tour homes and some things become more crucial than others.
If such is the case, I'll go back through the listings again and narrow it down to the home of your dreams.
Step 4 – Get a grasp of the housing market
Your agent's understanding of the San Antonio market is an essential component in your house search. And I assure you I'm informed of all the schools and neighborhoods, and I'll let you know some districts are "hot" and warrant immediate action and some that are "cool" and allow for thoughtful consideration.
When we view houses, I'll be sure to tell you if the list price has room for negotiation or if I believe the house is "priced to sell."
Be on guard and be sure to ask your agent plenty of questions, as every real estate agent in San Antonio will tell you they truly know the home market.
If things don't add up, just call me at 210.826.4088 or e-mail me at , and I'll be glad to answer any questions you might have. My understanding of the market will help you stay a step ahead throughout the entire deal.
Step 5 – Find the house you've been looking for
We'll find your dream home in San Antonio, and when that happens, I'll thoroughly develop your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies, such as acquiring financing, completing the home inspection, and a clean title.
When sending in your offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to buy the property and is often put towards the closing costs. If the seller accepts the offer, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the beginning offer, and it's really common to receive a counter offer. But don't let it intimidate you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your financing constraints. And at the end of the day, we'll assemble a contract that is best for you.
Step 7 – Get a loan
After we sign the final contract, you'll begin working with your lender to close the loan.
This shouldn't take very long at all if you've been pre-qualified, but you'll want to keep in close contact with your mortgage lender.
And I'll look after all the property information your lender will need to close the loan.
Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) outlining your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of taking your loan application.
The estimate depends on the loan amount. RESPA requirements order that it has to include all closing costs and be within a precise range of accuracy, and I'll go over the estimate and let you know if it all looks all right.
Then we'll close on your home. This should take place at a title company or escrow office and will probably be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, make sure you call me at 210.826.4088 or e-mail me at .