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

With some planning ahead of time, buying a home isn't too confusing, but the event is stressful for many people. So they know exactly what to expect, I like to furnish buyers with an outline of the whole deal. These are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to address any questions you have regarding this information.

Step 1 – Prepare to buy a home
There are many things you'll want to consider before you search for a home. You'll most likely want to make a checklist of features you need, get a feel for what school districts and neighborhoods you'd like to live in, and begin planning around your budget. Ensuring your mortgage payment is less than or around 1/3 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. I'd be more than happy to set up a time to get together with you and speak with you 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 and housing industries, and any other economic factors that may affect your buying decision today or in the future.

In addition, I'll help you start the loan process. Leyba Real Estate LLC works with some of Santa Fe's finest mortgage professionals, so you'll be in great hands. They will assist you in determining which type of loan is best for you and help you get approved.

Step 3 – Begin your home search
After our first meeting, I'll start finding available houses on the market that meet your needs. I'll research many of the homes and exclude the duds, and then we'll schedule appointments to view the houses at a time that's convenient for you.

As we tour the houses, I'll call attention to positive features, as well as bad ones. I'll also ask you about things you like and don't like. Oftentimes, buyers revise their must-have list as we view houses and some items become more necessary than others. If such is the case, I'll look through all the listings another time and narrow it down to the home you've been dreaming about.

Step 4 – Get a grasp of the market
Your agent's awareness of the Santa Fe housing market is a necessary agent in your home search. And I assure you I'm informed of all the neighborhoods and school districts, and I can alert you to what areas are "hot" and demand immediate action and others that are "cool" and allow for more analysis.

As we view homes, I'll make sure to communicate if the asking price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions, as any REALTOR will tell you they know the housing market. If things don't add up, call me at 5054730223 or e-mail me at , and I'd be happy to answer any questions you may 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
I'm positive we'll find your dream home in the Santa Fe area. When we do, I'll precisely create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as getting financing, finishing the home inspection, and a clear title.

Upon presenting your purchase offer, you'll probably want to present "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property. The amount is often applied to the closing costs. If the seller accepts your offer, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
A lot of deals don't close on the initial offer. It's extremely common to receive a counter offer. But don't let this intimidate 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 go on.

How aggressively we negotiate the deal depends on the state of the market. In addition, we'll work within your financing budget. And at the end of the day, we'll compose a deal that is best for you.

Step 7 – Obtain a loan
Once we sign the final deal, you'll begin working with your lender to close the loan. If you're pre-approved, it won't take much time at all, but you should to keep in close contact with your mortgage lender. And I'll handle all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of getting your application. This estimate rests on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a tight range of accuracy. I'll study the estimate and let you know if everything looks adequate.

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

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