Buying your new home in Santa Fe?

Purchasing a home can be stressful for many people. However, with a little planning ahead of time, it's not all that hard. So they know exactly what they can expect, I will furnish buyers with an outline of the entire deal. Here are my nine steps to buying a home. If you have any questions regarding any of this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
There are plenty of things you need to contemplate before commencing your home search. When you start your search, you'll want to create a list of features you want, get a plan of what neighborhoods you'd like to live in, and start working on your budget. A good guideline to adhere to is that your mortgage payment should be around a third of your net monthly income.

Step 2 – Connect with a real estate agent in Santa Fe
This is where I come in. 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 talk about everything from neighborhoods, school districts in the Santa Fe area, the mortgage industry, to any other economic factors that could affect your purchase today or in the future.

I'll also help you facilitate the loan process. I partner with some of Santa Fe's finest mortgage professionals, so you'll be in great hands. They can help you choose which kind of loan is best for you, as well as help you get approved.

Step 3 – Start looking for a home
Following our first meeting, I'll begin looking for available homes on the market that meet your needs. I'll preview many of the homes and ignore the duds, and then we'll set up appointments to view the homes whenever it's most convenient for you.

When we tour the homes, I'll identify good features and bad ones. I'll also ask you about things you like and don't like. It's common for buyers to amend their must-have list as we view homes and some features become far more crucial than others. If that's the case, I'll go back through all the listings again and trim it down to the home you've been wishing for.

Step 4 – Comprehend the housing market
My awareness of the Santa Fe housing market is an imperative aspect in your house search. I'm acquainted with all the schools and neighborhoods, and I will let you know certain areas are "hot" and call for prompt action and the ones that are "cool" and allow for thoughtful analysis.

When we view homes, I'll let you know if the list price has room for negotiation or if I believe the house is "priced to sell." Be on guard and make sure you ask your agent a lot of questions, as any REALTOR in Santa Fe will tell you they understand the home market. If things don't add up, just call me at 5054730223 or e-mail me at , and I'd be glad to answer your questions. My market knowledge will keep you a step ahead throughout the entire process.

Step 5 – Find your dream house
We'll find your dream home in the Santa Fe area, and when that happens, I'll meticulously develop your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as acquiring financing, carrying out the home inspection, and a clear title.

When submitting your offer, you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to buy the property and is usually put towards the closing costs. If your offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the beginning offer. It's really common to receive a counter offer. But don't let it intimidate you. We'll discuss whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and move on.

Market circumstances will play a vital role in how aggressively we negotiate the contract. In addition, we'll work within your financing budget. And when it's all said and done, we'll create a deal that's best for you.

Step 7 – Secure financing
Once the contract is signed, you'll begin working with your mortgage lender to close the loan. It shouldn't take much time at all if you've been pre-qualified, but you'll need to stay in close contact with your 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
You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of taking your loan application. The estimate is formed from the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a strict range of accuracy. I'll study the estimate and let you know if everything looks permissible.

Then we'll close on your house. This should occur at a title company or escrow office and should be a smooth and stress-free event.

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