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

Buying a home is stressful for most people, but it's not all that difficult with some up-front planning. So they'll know exactly what to expect, I will give buyers a road map of the entire deal. Here are my nine steps to buying a home. If you have any questions about this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to purchase a home
Prior to beginning your home search, there are many things you need to take into account. When you begin your search, you'll want to make an index of features you want, get a feeling for what school districts and neighborhoods you want to live in, and begin planning around your budget. Keeping your mortgage payment less than 30 percent of your monthly income is a good principle to follow.

Step 2 – Communicate with a real estate agent
This is where Leyba Real Estate LLC can help. I'd be happy to book a time to meet with you and speak with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll talk about neighborhoods, schools in the Santa Fe area, the mortgage and housing industries, and any additional economic factors that could potentially affect your purchase today or in the future.

I'll also help you begin the loan process. There are some very good mortgage professionals in Santa Fe, and I work with a lot of them, so you're in great hands. They'll assist you with figuring out which type of loan is best for you and help you get approved.

Step 3 – Begin looking
After our initial meeting, I'll start searching for available homes on the market that are good for you. I'll research many of the houses and remove the duds, and then we'll book appointments to view the homes when it's convenient for you.

When we view homes, I'll call attention to positive features and negative ones. I'll also ask you what things you like and don't like. It's pretty common for buyers to revise their list of must-haves as we tour houses and some things become more crucial than others. If such is the case, I'll look through the listings again and trim it down to the house you've been wishing for.

Step 4 – Understand the housing market
Your agent's awareness of the Santa Fe home market is a crucial aspect in your house search. And I can assure you I'm conscious of all the neighborhoods and schools, and I can alert you to which districts are "hot" and demand prompt action and the ones that are "cold" and allow for careful consideration.

When we view homes, I'll make sure to communicate when the asking price has room for negotiation and when I believe the home is "priced to sell." Be careful and be sure to ask lots of questions, as any real estate agent will claim to truly understand the home market. If things don't add up, just call me at 505.473.0223 or e-mail me at , and I'd be glad to answer any questions you might have. My knowledge of the market will help you stay a step ahead through the entire process.

Step 5 – Find the home you've been looking for
I'm positive we'll find the home of your dreams in Santa Fe. When that happens, I'll carefully create your purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as getting financing, completing the home inspection, and a clear title.

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

Step 6 – Negotiate
Unfortunately most contracts don't close on the beginning offer – it's pretty common to receive a counter offer. But don't let this intimidate you. We'll discuss whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and go on.

How aggressively we negotiate the deal depends on the state of the market. We'll also work within your budget. And at the end of the day, we'll put together a deal that works well for you.

Step 7 – Obtain financing
Upon completing the deal, you'll start working with your mortgage lender to close the loan. This shouldn't take very long at all if you're already pre-qualified, but you'll want to keep in close contact with your lender. And I'll look after all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will furnish you with a Loan Estimate (LE) outlining your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing closing costs from your mortgage lender within three days of accepting your loan application. The estimate is formed from the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a close range of accuracy. I'll review the estimate and let you know if everything looks adequate.

Then we'll close on your home. This will most likely take place at a title company or escrow office and should be a smooth and relaxing occurrence.

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