Purchasing a home in Santa Fe with Leyba Real Estate LLC

For most people, purchasing a home can be a stressful event. But with some up-front planning, it's not that complex. I like to provide buyers with an outline of the whole deal so they'll understand exactly what they can expect. 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 glad to answer questions you have regarding this information.

Step 1 – Get ready to buy
There are many things you need to contemplate before you start looking for a home. You'll probably want to make a checklist of features you need to have, get a feel for what school districts you want to live in, and start planning around your budget. Ensuring your mortgage payment is around 1/3 of your monthly income is a good rule of thumb to follow.

Step 2 – Speak with a real estate agent in Santa Fe
That's where I can help. I'd be more than happy to set up a time to meet with you and speak with you about why you want to buy a home and get an idea of your future 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 get started on your loan. There are some very good 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 determine which type of loan is best for you, as well as help you get qualified.

Step 3 – Start house hunting
After our first meeting, I'll start looking for available homes on the market that are a great fit for you. I'll get a sneak peek of many of the homes and reject the bad ones, and then we'll schedule appointments to view the houses whenever it's most convenient for you.

When we tour the homes, I'll identify positive features and negative ones. And I'll ask you to tell us about things you like and don't like. It's pretty common for buyers to update their must-have list as we tour houses and some things become more necessary than others. If that happens, I'll look through all the listings once again and narrow it down to the house of your dreams.

Step 4 – Get a grasp of the market
My awareness of the Santa Fe home market is an essential component in your home search. I'm familiar with all the neighborhoods and schools, and I will let you know what areas are "hot" and call for prompt action and others that are "cold" and allow for cautiousness.

When we view houses, I'll be sure to tell you if the list price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be mindful and make sure you ask plenty of questions, as every real estate agent will tell you they comprehend the housing market. If it appears they don't know everything, just call me at 5054730223 or e-mail me at , and I'll be happy to answer any questions you have. My market expertise will keep you a step ahead through the entire deal.

Step 5 – Find your dream home
I'm certain we'll find your dream house in the Santa Fe area. When that happens, I'll precisely create your real estate purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as acquiring financing, completing the inspection, and a clear title.

When we turn in your purchase offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a seller to secure the offer to buy the property. The amount is typically put towards the cost of closing. If the seller accepts the offer, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Most deals don't close on the first offer – it's pretty common to receive a counter offer. Don't let this intimidate you. We'll consider whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

Market circumstances will play a part in how aggressively we negotiate the deal. We'll also work within your financing budget. And when it's all said and done, we'll compose a contract that's best for you.

Step 7 – Get a loan
Upon completing the contract, you'll begin working with your lender to close the loan. This won't take long at all if you're pre-approved, but you need to stay in close contact with your lender. And I'll take care of all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your lender will supply you with a Loan Estimate (LE) detailing your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of getting your loan application. The estimate is based on the loan amount, and RESPA requirements require that it has to involve all closing costs and be within a narrow range of accuracy. I'll examine the estimate and let you know if it all looks permissible.

Then it's time to close on your home. This will probably take place at a title company or escrow office and should be a smooth and hassle-free event.

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, simply contact me at 5054730223 or e-mail me at .