Buying your new home in Santa Fe

Purchasing a home can be stressful for many people, but it's not all that confusing with some up-front planning. So they'll know exactly what to expect, I'll furnish buyers with an overview 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 answer any questions you have regarding this information.

Step 1 – Get ready to purchase a home
There are a lot of things you'll want to contemplate prior to beginning your home search. When you start your search, you'll probably want to assemble an outline of items you need, get an idea of what school districts you want to live in, and begin planning your budget. Ensuring your mortgage payment is less than or around 30 percent of your net monthly income is a good rule of thumb to go by.

Step 2 – Talk to a real estate agent in Santa Fe
This is where Leyba Real Estate LLC comes in. I'd like to set up a time to meet with you and talk about your real estate needs and get an idea of your plans for the future. We'll discuss the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Santa Fe area.

In addition, I'll assist you in getting started on your loan. I partner with some of Santa Fe's best mortgage professionals, so you can rest assured that you're in great hands. They can assist you with deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start house hunting
After our initial meeting, I'll begin finding homes on the market that best suit you. I'll get a sneak peek of most of the homes and eliminate the duds, and then we'll book appointments to tour the homes at a time that's convenient for you.

When we view the houses, I'll show you the positive features, as well as negative ones. I'll also ask you what things you like and dislike. Generally, buyers amend their list of must-haves as we tour homes and some items become far more important than others. If that's the case, I'll go back through all the listings one more time and narrow it down to the home you've been waiting for.

Step 4 – Know the market
My understanding of the Santa Fe housing market is a crucial agent in your home search. I'm acquainted with all the neighborhoods and schools, and I can alert you to some areas are "hot" and require prompt action and others that are "cold" and allow for more examination.

When we view homes, I'll let you know if the seller's asking price has room for negotiation or if I believe the home is "priced to sell." Every REALTOR in Santa Fe will tell you they truly know the housing market, but beware, and be sure to ask lots of questions. If things don't add up, contact me at 5054730223 or e-mail me at , and I'd be more than happy 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
I'm confident we'll find your dream home in Santa Fe. When that happens, I'll carefully develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as obtaining financing, carrying out the inspection, and a clear title.

When we submit your purchase offer, most likely you'll need to submit "earnest money." This is a cash deposit given to a seller to secure the offer to buy the property, and it's most often put towards the cost of closing. If the seller accepts your offer, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most deals aren't closed on the beginning offer – it's pretty common to receive a counter offer. Don't let this discourage you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.

Market conditions determine how aggressively we negotiate the deal. We'll also work within your financing budget. And when it's all said and done, we'll formulate a contract that's best for you.

Step 7 – Get your loan
After we sign the final deal, you'll begin working with your lender to close the loan. If you're pre-qualified, it won't take long at all. But you'll want to stay in close contact with your lender. And I'll handle all the property information your mortgage lender needs to close the loan.

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

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

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at 5054730223 or e-mail me at .