Are you purchasing a home in Northern Cincinnati? Comey & Shepherd Realtors can help.

With some up-front planning, purchasing a home isn't all that difficult, but the event can be stressful for a lot of people. I like to give buyers an outline of the entire deal so they'll know exactly what to expect. Below are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer questions you have about this information.

Step 1 – Get ready to buy a home
There are many things you need to contemplate before you start looking for a home. When you start your search, you'll probably want to form an index of must-haves, get a feel for what neighborhoods you want to live in, and start planning around your budget. Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule to go by.

Step 2 – Contact a real estate agent
This is where Comey & Shepherd Realtors comes in. I'd like to arrange a time to meet with you and communicate with you about your real estate needs and get an idea of your plans for the future. We'll talk about the mortgage industry, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and schools in the area.

I'll also assist you with getting started on your loan. There are some excellent mortgage professionals, and I partner with a few I have hand selected to be a part of my team, so you'll be in great hands. They will help you decide which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking for a home
Following our first meeting, I'll start searching for houses on the market that are good for you. I'll research most of the houses and throw out the bad ones, and then we'll set up appointments to view the homes when it's convenient for you.

As we tour the homes, I'll identify positive features and negative ones. And I'll ask you to talk about things you like and dislike. Most often, buyers update their wish list as we tour homes and some features become more substantial than others. If that's the situation, I'll search all the listings one more time and trim it down to the home of your dreams.

Step 4 – Know the market
My knowledge of the housing market is a necessary element in your house search. And I can assure you I'm conscious of all the school districts and neighborhoods, and I'll let you know which districts are "hot" and demand immediate action and others that are "cold" and allow for careful analysis.

When we tour houses, I'll let you know if the seller's list price has room for bargaining or if I believe the home is "priced to sell." Be mindful and be sure to ask your agent a lot of questions, as every real estate agent will claim to comprehend the market. If things don't add up, contact me at or e-mail me at , and I'd be glad to answer any questions you have. My understanding of the market will keep you a step ahead throughout the entire process.

Step 5 – Find the home of your dreams
We'll find your dream home in the area, and when we do, I'll meticulously develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as acquiring financing, finishing the inspection, and a clear title.

Upon presenting your purchase offer, you'll need to present "earnest money." This is a cash deposit given to the home seller to secure the offer to buy the property. The amount is often applied to the closing costs. If the seller accepts the offer, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of deals don't close on the beginning offer. It's pretty common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
Market conditions will play a part in how aggressively we negotiate the contract. We'll also work within your budget. And when it's all said and done, we'll formulate a deal that's best for you.

Step 7 – Get your loan
Upon completion of the contract, you'll begin working with your lender to close the loan. It shouldn't take very long at all if you're already pre-approved, but you should to stay in close contact with your mortgage lender. And I'll sort out all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
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 mandate that it has to include all closing costs and be within a tight range of accuracy. I'll analyze the estimate and let you know if it all looks okay.
Then we'll close on your home. This will probably occur at a title company or escrow office and will likely be a smooth and relaxed occasion.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, simply contact me at or e-mail me at .

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