Let Leyba Real Estate LLC assist you in buying a home in Santa Fe

For most people, buying a home can be an intimidating event. But with some up-front planning, it's not all that complicated. So they understand exactly what they can expect, I will provide buyers with a road map of the whole deal. Here are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer questions you have about this information.

Step 1 – Prepare to buy
There are several things you'll want to consider prior to commencing your home search. You'll probably want to create a check list of must-have features, plan for what neighborhoods and school districts you want to live in, and begin planning around your budget. Ensuring your mortgage payment is less than a third of your monthly income is a good principle to adhere to.

Step 2 – Connect with a real estate agent
That's where I can help. We can plan a time to meet so we can talk 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 Santa Fe area, the mortgage industry, to any other economic factors that could potentially affect your purchase today or in the future.

I'll also help you facilitate the loan process. I partner with some of the finest mortgage professionals in Santa Fe, so you're in great hands. They will assist you in determining which type of loan is best for you and help you get qualified.

Step 3 – Start your home search
After our first meeting, I'll start finding available homes on the market that meet your needs. I'll research many of the houses and exclude the duds, and then we'll set up appointments to view the homes at a time that's convenient for you.

When we view the homes, 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 common for buyers to update their wish list as we view homes and some features become more necessary than others. If that's the situation, I'll go back through the listings once more and trim it down to the home you've been dreaming about.

Step 4 – Comprehend the market
My understanding of the Santa Fe market is an imperative aspect in your home search. I'm conscious of all the neighborhoods and schools, and I will let you know certain districts are "hot" and demand immediate action and the ones that are "cool" and allow for more analysis.

When we tour houses, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be mindful and make sure you ask a lot of questions, as every real estate agent in Santa Fe will claim to truly know the home market. If things don't add up, contact me at 505-473-0223 or e-mail me at , and I'd be more than happy to answer any questions you may have. My market knowledge will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home of your dreams
We'll find the house of your dreams in Santa Fe, and when that happens, I'll meticulously create your real estate purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.

When we present your purchase offer, you'll likely want to submit "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property, and it's usually put towards the cost of closing. If the offer is accepted by the seller, we should close on the home about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the first offer. It's widely common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the deal depends on the state of the market. In addition, we'll work within your financing constraints. And when it's all said and done, we'll compose a deal that's best for you.

Step 7 – Obtain your loan
Once we sign the final deal, you'll start working with your lender to close the loan. If you're already pre-qualified, it won't take very long at all. But you'll need to stay in close contact with your mortgage lender. And I'll deal with all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your application. The estimate is based on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a precise range of accuracy. I'll study the estimate and let you know if it all looks all right.

Then it's time to close on your house. This will likely happen at a title company or escrow office and will most often be a smooth and stress-free event.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at 505-473-0223 or e-mail me at .