Buying or selling a home?

With some planning ahead of time, purchasing a home isn't all that difficult, but the event can be stressful for a lot of people. I like to give buyers an overview of the whole deal so they know exactly what to expect. These are my nine steps to purchasing a home. Should you have questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to buy
There are many things you need to contemplate prior to beginning your home search. When you begin your search, you'll want to put together a checklist of must-have features, get a feeling for what neighborhoods and school districts you want to live in, and start planning your budget. Ensuring your mortgage payment is less than a third of your net monthly income is a good principle to follow.

Step 2 – Contact a real estate agent in Santa Fe
This is where Leyba Real Estate LLC comes 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 discuss the mortgage and housing industries, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and school districts in the Santa Fe area.

In addition, I'll assist you in getting started on your loan. There are some great mortgage professionals in Santa Fe, and I partner with a lot of them, so you're in great hands. They will assist you with determining which type of loan is best for you and help you get qualified.

Step 3 – Start looking
After our initial meeting, I'll start searching for houses on the market that are a good fit for you. I'll preview many of the homes and eliminate the bad ones, and then we'll book appointments to view the homes when it's convenient for you.

As we tour the houses, I'll identify positive features, as well as negative ones. And I'll ask you about things you like and don't like. It's common for buyers to amend their wish list as we tour homes and some things become far more crucial than others. If that's the case, I'll go back through the listings once again and trim it down to the house of your dreams.

Step 4 – Comprehend the housing market
My understanding of the Santa Fe home market is a fundamental factor in your home search. I am acquainted with all the schools and neighborhoods, and I can communicate some areas are "hot" and demand prompt action and others that are "cool" and allow for careful examination.

When we view houses, I'll let you know if the seller's list price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, be mindful and make sure you ask lots of questions. Every REALTOR in Santa Fe will tell you they truly understand the home market. If things don't add up, call me at 5054730223 or e-mail me at , and I'd be more than happy to answer any questions you have. My knowledge of the market will keep you a step above the rest through the entire deal.

Step 5 – Find the house you've been looking for
We'll find your dream house in the Santa Fe area, and when that happens, I'll thoroughly create your purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies. A few examples are getting financing, carrying out the home inspection, and a clear title.

Upon turning in your offer, you'll want to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property and is often applied to the closing costs. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts don't close on the first offer, and it's widely common to receive a counter offer. Don't let this discourage you. We'll talk over whether or not to take the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

Market circumstances will play a role in how aggressively we negotiate the deal. We'll also 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 financing
After we sign the final contract, you'll begin working with your mortgage lender to close the loan. If you're pre-approved, this won't take very long at all. However, you'll need to keep in close contact with your mortgage lender. And I'll deal with 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 your closing costs from your lender within three days of accepting your loan application. This estimate rests on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and be within a precise range of accuracy. I'll study the estimate and let you know if it all looks adequate.

Then we'll close on your house. This will most often take place at a title company or escrow office and will most often be a smooth and pleasant event.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, just contact me at 5054730223 or e-mail me at .