Buying or selling a home? Leyba Real Estate LLC can help.

For a lot of people, buying a home can be a stressful event. However, with a little up-front planning, it's not that complicated. I like to provide buyers with an outline of the whole deal so they'll understand exactly what to expect. Below are my nine steps to purchasing a home. Should you have questions about any of this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy
There are plenty of things you'll want to do before you start searching for a home. When you begin your search, you'll want to put together a list of must-have features, plan for what school districts you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is around a third of your net monthly income is a good principle to adhere to.

Step 2 – Connect with a real estate agent in Santa Fe
That's where I come in. We'll plan a time to get together so we can talk about your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, school districts in the Santa Fe area, the mortgage industry, to any other economic factors that could potentially affect your buying decision today or in the future.

In addition, I'll help you facilitate the loan process. I partner with some of Santa Fe's best mortgage professionals, so you're in great hands. They can help you figure out which type of loan is best for you, as well as help you get qualified.

Step 3 – Start your home search
After our initial meeting, I'll start looking for available homes on the market that meet your needs. I'll get a sneak peek of many of the homes and throw out the duds, and then we'll book appointments to tour the houses at a time that's convenient for you.

As we tour the homes, I'll point out good features and bad ones. I'll even ask you to point out what things you like and don't like. Oftentimes, buyers update their must-have list as we tour homes and some items become more essential than others. If that happens, I'll look through the listings again and narrow it down to the house you've been wishing for.

Step 4 – Comprehend the housing market
My knowledge of the Santa Fe home market is an essential aspect in your home search. I am acquainted with all the neighborhoods and school districts, and I can communicate certain districts are "hot" and warrant immediate action and the ones that are "cool" and allow for more examination.

As we view houses, I'll make sure to communicate if the seller's asking price has room for bargaining or if I believe the house is "priced to sell." Any REALTOR in Santa Fe will tell you they understand the housing market, but be wary, and make sure you ask a lot of questions. If it doesn't seem like they know everything, call me at 505-473-0223 or e-mail me at , and I'd be more than happy to answer any questions you might have. My understanding of the market will help you stay a step ahead throughout the entire process.

Step 5 – Find the house you've been looking for
We'll find the home of your dreams in Santa Fe, and when we do, I'll precisely develop your purchase offer. The offer will be tailored with your needs in mind and the home, including many contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clean title.

Upon presenting your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property and is typically applied to the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts aren't closed on the beginning offer, and it's extremely common to receive a counter offer. But don't let it alarm you. We'll consider whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

Market conditions determine how aggressively we negotiate the contract. In addition, we'll work within your budget. And when it's all said and done, we'll compose a contract that's best for you.

Step 7 – Obtain a loan
Once the deal is signed, you'll start working with your lender to close the loan. If you're pre-approved, it won't take much time at all, but you need to keep in close contact with your lender. And I'll care for all the property information your 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 mortgage lender within three days of taking your loan application. This estimate rests on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a strict range of accuracy, and I'll examine the estimate and let you know if everything looks good.

Then we'll close on your home. This will most often happen at a title company or escrow office and will likely be a smooth and pleasant affair.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to call me at 505-473-0223 or e-mail me at .