Are you buying a new home in Santa Fe?

Buying a home is an intimidating event for most people, but with some up-front planning, it's not that difficult. So they'll understand exactly what they can expect, I'll supply buyers with an outline of the whole deal. Here are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer questions you have regarding this information.

Step 1 – Get ready to purchase a home
There are many things you need to take into account before you look for a home. When you start your search, you'll want to create an outline of items you want, get a feel for what school districts you'd like to live in, and begin working on your budget. A good rule to follow is that your mortgage payment should be less than or close to a third of your net monthly income.

Step 2 – Connect with a real estate agent in Santa Fe
This is where I can help. We can arrange a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans. We'll discuss everything from neighborhoods, school districts in the Santa Fe area, the mortgage and housing industries, to any other economic factors that could potentially affect your buying decision today or in the future.

I'll also help you begin the loan process. Leyba Real Estate LLC partners with some of Santa Fe's finest mortgage professionals, so you'll be in great hands. They'll assist you in deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start looking
After our first meeting, I'll start finding homes on the market that suit your needs. I'll preview many of the homes and eliminate the bad ones, and then we'll schedule appointments to view the homes when it's most convenient for you.

As we tour homes, I'll show you the positive features and bad ones. I'll even ask you to point out what things you like and don't like. Frequently, buyers amend their wish list as we tour homes and some items become more necessary than others. If that's the case, I'll go back through all the listings again and narrow it down to the home you've been waiting for.

Step 4 – Get a grasp of the market
My understanding of the Santa Fe home market is a crucial agent in your house search. I am conscious of all the schools and neighborhoods, and I can let you know certain districts are "hot" and call for prompt action and the ones that are "cold" and allow for cautiousness.

When we tour houses, I'll let you know when the seller's list price has room for bargaining and when I know the home is "priced to sell." Be mindful and be sure to ask plenty of questions, as every real estate agent in Santa Fe will tell you they comprehend the housing market. If things don't add up, call me at 5054730223 or e-mail me at , and I'll be glad to answer any questions you may have. My market expertise will help you stay a step ahead throughout the entire process.

Step 5 – Find the home you've been looking for
I'm positive we'll find your dream house in Santa Fe. When that happens, I'll thoroughly develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies, such as obtaining financing, finishing the inspection, and a clear title.

When we send in your purchase offer, you'll want to present "earnest money." This is a cash deposit made to a seller to secure the offer to purchase the property. The amount is often applied to the closing costs. If your offer is accepted, we should close on the property within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer. It's extremely common to receive a counter offer. But don't let this discourage you. We'll figure out whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

The state of the market will play a vital role in how aggressively we negotiate the contract. In addition, we'll work within your financing limits. And when it's all said and done, we'll assemble a contract that is best for you.

Step 7 – Obtain financing
After we sign the final contract, you'll begin working with your mortgage lender to close the loan. It won't take long at all if you're already pre-approved, but you should to keep in close contact with your mortgage lender. And I'll take care of all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will give you a Loan Estimate (LE) of closing costs within three days of getting your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of receiving your application. The estimate depends on 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 analyze the estimate and let you know if it all looks good.

Then it's time to close on your house. This will probably occur at a title company or escrow office and will likely be a smooth and peaceful event.

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