Are you contemplating purchasing your home in Santa Fe? Leyba Real Estate LLC can help.

With some up-front planning, buying a home isn't all that complex, but the event intimidates many people. I like to provide buyers with an overview of the whole deal so they'll understand exactly what to expect. Here are my nine steps to buying a home. If you have questions about any of this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Prepare to buy a home
There are a lot of things you should consider before you search for a home. You'll want to put together an index of features you need, get a feel for what neighborhoods and school districts you'd like to live in, and begin planning your budget. Ensuring your mortgage payment is less than or close to a third of your monthly income is a good rule to adhere to.

Step 2 – Connect with a real estate agent in Santa Fe
This is where Leyba Real Estate LLC comes in. I'd be more than 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 plans for the future. We'll discuss neighborhoods, school districts in the Santa Fe area, the mortgage industry, and any other economic factors that could potentially affect your purchase today or in the future.

In addition, I'll help you start the loan process. Leyba Real Estate LLC works with some of the finest mortgage professionals in Santa Fe, so you'll be in great hands. They will help you choose which kind of loan is best for you, as well as help you get qualified.

Step 3 – Begin house hunting
After we meet for the first time, I'll begin searching for houses on the market that meet your needs. I'll research many of the homes and eliminate the bad ones, and then we'll set up appointments to view the homes whenever it's most convenient for you.

As we tour the homes, I'll call attention to positive features and negative ones. And I'll ask you about things you like and dislike. Frequently, buyers change their list of must-haves as we view houses and some items become more essential than others. If that's the case, I'll search the listings again and trim it down to the home of your dreams.

Step 4 – Know the market
An agent's knowledge of the Santa Fe housing market is a necessary factor in your house search. And I assure you I'm conscious of all the school districts and neighborhoods, and I can communicate certain neighborhoods are "hot" and require immediate action and the ones that are "cool" and allow for careful examination.

As we view houses, I'll let you know if the asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be on guard and be sure to ask a lot of questions. Any REALTOR in Santa Fe will convince you they understand the housing market. If it doesn't seem like they know everything, just call me at 5054730223 or e-mail me at , and I'd be happy to answer your questions. My understanding of the market will help you stay a step ahead through the entire deal.

Step 5 – Find the house you've been waiting for
We'll find your dream house in the Santa Fe area, and when that happens, I'll precisely develop your purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies. A few examples are obtaining financing, finishing the inspection, and a clear title.

When presenting your offer, you'll need to present "earnest money." This is a cash deposit given to the seller to secure the offer to buy the property. The amount is usually put towards the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals aren't closed on the first offer. It's really common to receive a counter offer. But don't let this intimidate you. We'll figure out whether or not to take 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 when it's all said and done, we'll create a contract that is best for you.

Step 7 – Secure a loan
Once the deal is signed, you'll begin working with your lender to close the loan. If you're already pre-approved, this shouldn't take long at all. However, you'll want to stay in close contact with your mortgage lender. And I'll take care of all the property information your lender needs to close the loan.

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

Then it's time to close on your home. This will likely take place at a title company or escrow office and will most often be a smooth and relaxing event.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, simply call me at 5054730223 or e-mail me at .