Contemplating purchasing your new home in Santa Fe?

Purchasing a home is stressful for many people, but with some planning ahead of time, it's not too complicated. So they know exactly what they can expect, I will supply buyers with an outline of the entire deal. Here are my nine steps to purchasing a home. Should you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to purchase a home
There are many things you should take into account before you look for a home. When you start your search, you'll probably want to create a list of features you need to have, get an idea of what neighborhoods you want to live in, and begin planning your budget. A good guideline to adhere to is that your mortgage payment should be less than or close to a third of your net monthly income.

Step 2 – Speak with a real estate agent
This is where Leyba Real Estate LLC comes in. I'd be more than happy to plan a time to get together with you and communicate with you 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 might affect your buying decision today or in the future.

In addition, I'll help you get started on your loan. There are some excellent mortgage professionals in Santa Fe, and I work with a lot of them, so you can rest assured that you're in great hands. They'll help you choose which type of loan is best for you, as well as help you get approved.

Step 3 – Start house-hunting
After our first meeting, I'll begin searching for houses on the market that are great for you. I'll research many of the houses and throw out the duds, and then we'll schedule appointments to view the houses whenever it's convenient for you.

When we tour the homes, I'll show you the positive features, as well as bad ones. I'll also ask you to tell us about things you like and dislike. Frequently, buyers update their wish list as we view houses and some things become far more crucial than others. If such is the case, I'll look through the listings once again and narrow it down to the home you've been wishing for.

Step 4 – Comprehend the market
My knowledge of the Santa Fe market is a crucial factor in your home search. I'm mindful of all the schools and neighborhoods, and I'll let you know certain neighborhoods are "hot" and call for prompt action and others that are "cool" and allow for careful consideration.

As we tour houses, I'll be sure to tell you when the seller's asking price has room for bargaining and when I know the home is "priced to sell." Be careful and be sure to ask plenty of questions, as any real estate agent in Santa Fe will convince you they know the housing market. If things don't add up, just call me at 5054730223 or e-mail me at , and I'd be glad to answer any questions you might have. My understanding of the market will help you stay a step ahead throughout the entire deal.

Step 5 – Find the home you've been waiting for
I know we'll find the home of your dreams in Santa Fe. When that happens, I'll meticulously 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 getting financing, carrying out the home inspection, and a clear title.

When we submit your offer, you'll need to present "earnest money." This is a cash deposit made to the home seller to secure the offer to buy the property. The amount is often applied to the closing costs. If the offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the beginning offer, and it's pretty common to receive a counter offer. But don't let this alarm you. We'll figure out whether or not to agree to the counter offer, propose our own counter offer, or decline the seller's offer and go on.

Market conditions determine how aggressively we negotiate the contract. In addition, we'll work within your financing limits. And at the end of the day, we'll compose a deal that is best for you.

Step 7 – Get a loan
Upon completion of the deal, you'll begin working with your mortgage lender to close the loan. If you've been pre-approved, this shouldn't take long at all. But you'll need to stay in close contact with your mortgage lender. And I'll handle all the property information your lender will need 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 taking your loan application. The estimate depends on the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll review the estimate and let you know if everything looks good.

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

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, just call me at 5054730223 or e-mail me at .