Buying your new home in Santa Fe with Leyba Real Estate LLC

With some up-front planning, buying a home isn't all that difficult, but the event is stressful for many people. So they understand exactly what they can expect, I'll furnish buyers with an outline of the entire deal. Below are my nine steps to purchasing a home. When you're ready to get started, just contact me here or e-mail me at . I'm happy to answer any questions you have about this information.

Step 1 – Prepare to purchase a home
There are many things you need to take into account before beginning your home search. You'll want to make a checklist of must-have features, get a feel for what school districts and neighborhoods you want to live in, and begin planning your budget. A good guideline to go by is that your mortgage payment should be less than or close to 1/3 of your net monthly income.

Step 2 – Talk to a real estate agent in Santa Fe
This is where I can help. I'd like to plan a time to get together with you and communicate with you regarding your real estate needs and get an idea of your plans for the future. We'll talk about everything from neighborhoods, schools in the Santa Fe area, the mortgage industry, to any other economic factors that may potentially affect your purchase today or in the future.

In addition, I'll assist you in getting started on your loan. Leyba Real Estate LLC works with some of Santa Fe's best mortgage professionals, so you'll be in great hands. They will help you determine 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 available homes on the market that suit your needs. I'll preview many of the homes and exclude the bad ones, and then we'll set up appointments to view the houses when it's convenient for you.

As we view houses, I'll point out positive features and negative ones. I'll also ask you to talk about things you like and dislike. It's widely common for buyers to change their must-have list as we tour homes and some things become more essential than others. If such is the case, I'll search the listings one more time and narrow it down to the home you've been dreaming about.

Step 4 – Comprehend the market
Your agent's awareness of the Santa Fe housing market is a fundamental element in your home search. And I assure you I'm mindful of all the neighborhoods and schools, and I will communicate certain neighborhoods are "hot" and demand prompt action and some that are "cold" and allow for more consideration.

When we tour houses, I'll make sure to communicate when the asking price has room for bargaining and when I trust the home is "priced to sell." When working with an agent, be careful and make sure you ask lots of questions, as any REALTOR will claim to truly understand the home market. If it seems like they don't know everything, call me at 5054730223 or e-mail me at , and I'll be glad to answer any questions you may have. My market knowledge will help you stay a step above the rest through the entire process.

Step 5 – Find the home of your dreams
I know we'll find your dream house in the Santa Fe area. When that happens, I'll carefully create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, finishing the home inspection, and a clean title.

When we present your offer, you'll likely want to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property. The amount is typically applied to the closing costs. If the offer is accepted by the seller, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals aren't closed on the initial offer. It's pretty common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.

Market circumstances will play a big part in how aggressively we negotiate the contract. We'll also work within your financing constraints. And at the end of the day, we'll put together a deal that works well for you.

Step 7 – Get your loan
Upon finishing the contract, you'll start working with your mortgage lender to close the loan. It won't take very long at all if you're pre-approved, but you should to stay in close contact with your lender. And I'll deal with all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your mortgage lender within three days of receiving your loan application. This estimate is formed from the loan amount. RESPA requirements require that it has to involve all closing costs and be within a narrow range of accuracy, and I'll analyze the estimate and let you know if everything looks permissible.

Then we'll close on your house. This will most often occur at a title company or escrow office and will probably be a smooth and calm occasion.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, simply call me at 5054730223 or e-mail me at .