Contemplating buying your new home in Grand Prairie? Target Cost Realty, LLC can help.

For a lot of people, purchasing a home is a stressful event. But with a bit of up-front planning, it's not all that complicated. I like to furnish buyers with an outline of the entire deal so they understand exactly what they can expect. These are my nine steps to purchasing a home. When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address any questions you have regarding this information.

Step 1 – Get ready to buy
There are a lot of things you need to contemplate prior to starting your home search. You'll want to put together a check list of items you want to have, plan for what neighborhoods you'd like to live in, and begin planning your budget. Keeping your mortgage payment around a third of your monthly income is a good rule of thumb to go by.

Step 2 – Connect with a real estate agent in Grand Prairie
That's where I can help. I'd love to arrange a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your plans for the future. We'll discuss everything from neighborhoods, schools 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 help you facilitate the loan process. I work with some of the finest mortgage professionals in Grand Prairie, so you'll be in great hands. They'll help you determine which kind of loan is best for you, as well as help you get approved.

Step 3 – Start your search
After our initial meeting, I'll begin searching for available houses on the market that suit your needs. I'll preview many of the homes and eliminate the bad ones, and then we'll set up appointments to tour the homes whenever it's convenient for you.

As we view the homes, I'll call attention to good features, as well as negative ones. And I'll ask you about things you like and dislike. For the most part, buyers update their list of must-haves as we tour homes and some features become far more substantial than others. If that's the situation, I'll search the listings once again and narrow it down to the house you've been wishing for.

Step 4 – Get a grasp of the market
My knowledge of the Grand Prairie housing market is an imperative factor in your house search. I'm mindful of all the neighborhoods and school districts, and I will communicate what areas are "hot" and call for immediate action and some that are "cold" and allow for cautiousness.

When we view homes, I'll be sure to tell you when the seller's asking price has room for bargaining and also when I trust the house is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions, as any real estate agent will convince you they comprehend the housing market. If it appears they don't know everything, just call me at (972) 504-8021 or e-mail me at , and I'll be more than happy to answer any questions you may have. My market knowledge will help you stay a step above the rest through the entire deal.

Step 5 – Find the home you've been looking for
We'll find your dream home in Grand Prairie, and when that happens, I'll carefully develop your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including some contingencies. A few examples are obtaining financing, completing the inspection, and a clear title.

Upon presenting your purchase offer, you'll need to present "earnest money." This is a cash deposit made to a home seller to secure the offer to purchase the property and is typically applied to the closing costs. If the seller accepts the offer, we should close on the home within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Most deals don't close on the first offer, and it's really common to receive a counter offer. But don't let it discourage you. We'll talk about whether or not to agree to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

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

Step 7 – Get a loan
After we sign the final contract, you'll start working with your mortgage lender to close the loan. If you've been pre-approved, it shouldn't take long at all, but you need to stay in close contact with your mortgage lender. And I'll handle all the property information your lender will need 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 receiving your loan application. This estimate is based on the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a tight range of accuracy, and I'll examine the estimate and let you know if it all looks adequate.

Then we'll close on your house. This will probably happen at a title company or escrow office and will likely be a smooth and stress-free event.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, be sure to 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