Let Leyba Real Estate LLC assist you in purchasing your new home in Santa Fe

With some planning ahead of time, purchasing a home isn't all that confusing, but the event is intimidating for many people. So they know exactly what they can expect, I'll furnish buyers with a road map of the entire deal. Here are my nine steps to buying a home. Should you have any 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 – Get ready to purchase
There are a lot of things you need to contemplate before you start looking for a home. You'll most likely want to assemble a list of items you need to have, get an idea of what neighborhoods you'd like to live in, and begin working on 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 – Talk to a real estate agent
That's where I come in. I'd be more than happy to set up a time to get together with you and talk about your real estate needs and get an idea of your plans for the future. We'll discuss neighborhoods, schools in the Santa Fe area, the mortgage industry, and any other economic factors that could potentially affect your buying decision today or in the future.

I'll also assist you with getting started on your loan. There are some excellent mortgage professionals in Santa Fe, and I partner with a lot of them, so you can rest assured that you're in great hands. They'll assist you with figuring out which kind of loan is best for you and help you get approved.

Step 3 – Begin looking for a home
After we meet for the first time, I'll start looking for available homes on the market that are good for you. I'll get a sneak peek of most of the houses and remove the bad ones, and then we'll book appointments to tour the homes at a time that's convenient for you.

As we view houses, I'll point out good 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 revise their list of must-haves as we tour houses and some items become more essential than others. If that happens, I'll look through the listings another time and narrow it down to the home of your dreams.

Step 4 – Know the housing market
Your agent's awareness of the Santa Fe housing market is a crucial agent in your house search. And I can assure you I'm familiar with all the schools and neighborhoods, and I'll alert you to some areas are "hot" and require immediate action and some that are "cool" and allow for careful consideration.

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." When working with an agent, trust your instincts and be sure to ask a lot of questions. Every REALTOR in Santa Fe will claim to understand the market. If things don't add up, contact me at 505-473-0223 or e-mail me at , and I'll be happy to answer any questions you might have. My market knowledge will help you stay a step ahead throughout the entire deal.

Step 5 – Find the home you've been looking for
I know we'll find your dream house in the Santa Fe area. When we do, I'll meticulously develop your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as getting financing, completing the home inspection, and a clean title.

When submitting your offer, you'll probably want to present "earnest money." This is a cash deposit made to the seller to secure the offer to buy the property and is usually applied to the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows necessary 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. Don't let it intimidate you. We'll discuss whether or not to consent to the counter offer, present our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the contract depends on market conditions. In addition, we'll work within your financing budget. And when it's all said and done, we'll compose a deal that works well for you.

Step 7 – Get a loan
Once we sign the final deal, you'll begin working with your lender to close the loan. If you're already pre-approved, this shouldn't be a long process at all, but you should to stay in close contact with your lender. And I'll deal with all the property information your lender will need to close the loan.

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

Then it's time to close on your home. This will most likely happen at a title company or escrow office and will likely be a smooth and easygoing occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply contact me at 505-473-0223 or e-mail me at .