Purchasing your new home in Santa Fe?

With some planning ahead of time, buying a home isn't that difficult, but the event is intimidating for a lot of people. So they know exactly what to expect, I will supply buyers with a road map of the whole deal. These are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to address any questions you have about this information.

Step 1 – Get ready to buy
There are plenty of things you need to contemplate prior to starting your home search. When you begin your search, you'll want to make a checklist of must-haves, plan for what neighborhoods and school districts you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is less than or around a third of your net monthly income is a good rule to follow.

Step 2 – Get in touch with a real estate agent in Santa Fe
This is where I come in. I'd be more than happy to arrange a time to get together with you and communicate with you about your real estate needs and get an idea of your future plans. We'll talk about the mortgage industry, other economic factors that may potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Santa Fe area.

I can also help you get started on your loan. There are some excellent mortgage professionals in Santa Fe, and I partner with a lot of them, 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 qualified.

Step 3 – Begin house hunting
After we meet, I'll start searching for houses on the market that suit your needs. I'll research many of the houses and throw out the duds, and then we'll set up appointments to tour the homes whenever it's most convenient for you.

As we view houses, I'll show you the good features, as well as negative ones. And I'll ask you about things you like and dislike. Usually, buyers revise their wish list as we view homes and some things become far more essential than others. If that happens, I'll look through all the listings once again and narrow it down to the home of your dreams.

Step 4 – Get a grasp of the housing market
Your agent's knowledge of the Santa Fe housing market is a necessary element in your home search. And I assure you I'm familiar with all the school districts and neighborhoods, and I will communicate which neighborhoods are "hot" and warrant prompt action and the ones that are "cold" and allow for more analysis.

When we view homes, I'll let you know if the seller's list price has room for bargaining or if I believe the house is "priced to sell." Trust your instincts and make sure you ask your agent lots of questions, as any real estate agent in Santa Fe will tell you they truly know the market. If it doesn't seem like they know everything, call me at 505.473.0223 or e-mail me at , and I'd be happy to answer any questions you may have. My market expertise will help you stay a step above the rest throughout the entire process.

Step 5 – Find the home of your dreams
We'll find your dream home in the Santa Fe area, and when we do, I'll thoroughly develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include several contingencies, such as obtaining financing, completing the home inspection, and a clear title.

When sending in your offer, you'll need to present "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property, and it's most often applied to the cost of closing. If your offer is accepted, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the initial offer – it's widely common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

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

Step 7 – Secure financing
Upon signing the contract, you'll start working with your lender to close the loan. If you've been pre-qualified, it won't take very long at all, but you'll want to keep 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 your closing costs from your lender within three days of getting your application. This estimate is based on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and be within a close range of accuracy. I'll examine the estimate and let you know if it all looks all right.

Then it's time to close on your house. This will likely occur at a title company or escrow office and will most likely be a smooth and relaxed occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to call me at 505.473.0223 or e-mail me at .