Buying or selling a home in San Antonio?
Buying a home is an intimidating event for a lot of people. However, with some planning ahead of time, it's not too complex.
I like to give buyers a road map of the entire deal so they'll understand exactly what they can expect.
These are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address questions you have regarding this information.
Step 1 – Get ready to purchase a home
There are many things you should consider prior to beginning your home search.
When you begin your search, you'll want to create an index of features you need to have, plan for what neighborhoods you'd like to live in, and start working on your budget.
Ensuring your mortgage payment is less than or around 30 percent of your monthly income is a good rule to follow.
Step 2 – Contact a real estate agent
That's where I come in.
I'd like to arrange a time to get together with you and speak with you 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 San Antonio area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.
In addition, I'll help you begin the loan process.
Barrientos Properties partners with some of the best mortgage professionals in San Antonio, so you can rest assured that you're in great hands.
They will help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Begin your home search
After we meet for the first time, I'll begin looking for available houses on the market that are great for you.
I'll get a sneak peek of many of the houses and exclude the bad ones, and then we'll schedule appointments to tour the houses whenever it's most convenient for you.
As we tour houses, I'll show you the good features and negative ones. And I'll ask you to tell us about things you like and dislike.
It's pretty common for buyers to revise their wish list as we tour houses and some items become far more necessary than others.
If that's the situation, I'll search the listings once again and narrow it down to the house you've been dreaming about.
Step 4 – Know the market
My understanding of the San Antonio home market is a fundamental element in your home search. I am mindful of all the school districts and neighborhoods, and I can communicate certain areas are "hot" and demand immediate action and others that are "cold" and allow for thoughtful analysis.
As we tour houses, I'll be sure to tell you if the seller's list price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be mindful and be sure to ask lots of questions, as every REALTOR will claim to truly understand the home market.
If it seems like they don't know everything, call me at 210.826.4088 or e-mail me at , and I'd be happy to answer your questions. My market knowledge will keep you a step ahead throughout the entire deal.
Step 5 – Find your dream home
We'll find the house of your dreams in San Antonio, and when that happens, I'll precisely create your purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as obtaining financing, completing the inspection, and a clear 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 it's typically applied to the cost of closing. If the seller accepts your offer, we should close on the home within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Unfortunately most contracts aren't closed on the first offer – it's extremely common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and go on.
Market conditions will play a role in how aggressively we negotiate the deal.
We'll also work within your budget. And when it's all said and done, we'll create a deal that's best for you.
Step 7 – Obtain your loan
After the deal is finished, you'll begin working with your lender to close the loan.
If you're pre-approved, it shouldn't take very long at all, but you should to stay in close contact with your lender.
And I'll care for 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) detailing your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of accepting your loan application.
The estimate depends on the loan amount, and RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy. I'll go over the estimate and let you know if everything looks permissible.
Then it's time to close on your house. This will likely happen at a title company or escrow office and will probably be a smooth and easygoing affair.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, simply contact me at 210.826.4088 or e-mail me at .