Purchasing your new home in Santa Fe with Leyba Real Estate LLC

Buying a home is a stressful event for a lot of people, but it isn't that complex with a little planning ahead of time. So they'll understand exactly what they can expect, I like to provide buyers with a road map of the whole deal. These are my nine steps to buying a home. Should you have questions about 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 buy
There are many things you'll want to contemplate before you start looking for a home. You'll want to assemble a list of items you want to have, get a plan of what school districts you'd like to live in, and begin planning your budget. A good guideline to go by is that your mortgage payment should be less than or close to a third of your net monthly income.

Step 2 – Talk to a real estate agent in Santa Fe
This is where I come in. We can arrange 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 neighborhoods, schools in the Santa Fe area, the mortgage and housing industries, and any additional economic factors that may potentially affect your purchase today or in the future.

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

Step 3 – Start looking for a house
After our first meeting, I'll begin looking for homes on the market that are good for you. I'll preview many of the homes and ignore the bad ones, and then we'll set up appointments to view the homes whenever it's most convenient for you.

When we view homes, I'll point out positive features, as well as bad ones. I'll even ask you to tell us about things you like and dislike. It's widely common for buyers to update their list of must-haves as we view houses and some items become far more necessary than others. If such is the case, I'll look through all the listings again and narrow it down to the home you've been wishing for.

Step 4 – Know the market
My knowledge of the Santa Fe home market is a leading factor in your home search. I am conscious of all the schools and neighborhoods, and I can let you know what areas are "hot" and require immediate action and others that are "cool" and allow for thoughtful analysis.

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 home is "priced to sell." Be mindful and make sure you ask your agent a lot of questions, as any REALTOR in Santa Fe will claim to know the housing market. If things don't add up, call me at 5054730223 or e-mail me at , and I'd be glad to answer any questions you may have. My knowledge of the market will keep you a step above the rest throughout the entire process.

Step 5 – Find the house you've been waiting for
I'm positive we'll find your dream home in the Santa Fe area. When that happens, I'll precisely create your purchase offer. The offer will be made to fit your needs and the home. We'll include several contingencies, such as getting financing, carrying out the home inspection, and a clear title.

When presenting your offer, you'll probably want to submit "earnest money." This is a cash deposit made to the home seller to secure the offer to purchase the property. The amount is usually applied to the cost of closing. If the offer is accepted by the seller, we should close on the property about 30 to 60 days after. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals don't close on the beginning offer. It's very common to receive a counter offer. But don't let it alarm you. We'll figure out whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and move on.

How aggressively we negotiate the contract depends on market conditions. In addition, we'll work within your budget. And at the end of the day, we'll assemble a deal that's best for you.

Step 7 – Obtain financing
After the deal is signed, you'll begin working with your lender to close the loan. This shouldn't be a long process at all if you're pre-qualified, but you need to keep in close contact with your mortgage lender. And I'll sort out 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 closing costs from your mortgage lender within three days of accepting your application. The estimate rests on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a tight range of accuracy. I'll examine the estimate and let you know if it all looks adequate.

Then we'll close on your house. This should take place at a title company or escrow office and will most likely be a smooth and hassle-free event.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, simply contact me at 5054730223 or e-mail me at .