Let Target Cost Realty, LLC assist you in buying a new home in Grand Prairie

For most people, purchasing a home is a stressful event. But with a bit of planning ahead of time, it's not that difficult. I like to provide buyers with a road map of the whole deal so they'll know exactly what to expect. Below are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer questions you have about this information.

Step 1 – Prepare to purchase a home
Before you commence your home search, there are several things you need to do. It's likely that you'll want to form an outline of features you want, plan for what neighborhoods you'd like to live in, and start working on your budget. Ensuring your mortgage payment is less than or around a third of your net monthly income is a good rule to adhere to.

Step 2 – Communicate with a real estate agent in Grand Prairie
That's where I come in. We'll set up a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll discuss everything from neighborhoods, school districts in the Grand Prairie area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.

In addition, I'll assist you in getting started on your loan. There are some very good mortgage professionals in Grand Prairie, and I partner with a lot of them, so you're in great hands. They will assist you in figuring out which kind of loan is best for you and help you get approved.

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

When we view the homes, I'll identify positive features and bad ones. And I'll ask you to tell us about things you like and don't like. It's widely common for buyers to change their list of must-haves as we tour houses and some things become more necessary than others. If that's the case, I'll look through all the listings another time and trim it down to the house of your dreams.

Step 4 – Know the housing market
My awareness of the Grand Prairie home market is a fundamental agent in your home search. I'm conscious of all the neighborhoods and school districts, and I can alert you to which areas are "hot" and require prompt action and the ones that are "cool" and allow for cautiousness.

When we view homes, I'll make sure to communicate if the seller's list price has room for bargaining or if I believe the house is "priced to sell." Be mindful and make sure you ask your agent a lot of questions, as any REALTOR will claim to truly understand the housing market. If things don't add up, just call me at (972) 504-8021 or e-mail me at , and I'd be glad to answer any questions you have. My knowledge of the market will keep you a step ahead throughout the entire process.

Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in Grand Prairie, and when we do, I'll thoroughly create your purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are getting financing, completing the home inspection, and a clear title.

Upon sending in your offer, you'll want to submit "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property, and it's usually put towards the cost of closing. If your offer is accepted, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of contracts aren't closed on the beginning offer – it's very common to receive a counter offer. Don't let this discourage you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and go on.

The state of the market determines how aggressively we negotiate the contract. We'll also work within your financing constraints. And at the end of the day, we'll create a deal that's best for you.

Step 7 – Obtain financing
Once the deal is signed, you'll start working with your mortgage lender to close the loan. It won't take much time at all if you've been pre-approved, but you'll want to stay in close contact with your mortgage lender. And I'll look after all the property information your lender needs to close the loan.

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

Then we'll close on your house. This will probably take place at a title company or escrow office and should be a smooth and easygoing affair.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, just call me at (972) 504-8021 or e-mail me at .

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Target Cost Realty, LLC

2634 South Carrier Parkway Suite 107
Grand Prairie, Texas 75052