Are you contemplating buying your new home in Grand Prairie?

For most people, buying a home is a stressful event. But with a bit of planning ahead of time, it isn't very complex. I like to give buyers a road map of the entire deal so they know exactly what they can expect. Here 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 glad to answer questions you have about this information.

Step 1 – Get ready to buy
There are a lot of things you'll want to contemplate prior to commencing your home search. You'll want to form a check list of items you need, get a plan of what neighborhoods you want to live in, and begin working on your budget. Ensuring your mortgage payment is less than a third of your net monthly income is a good guideline to go by.

Step 2 – Speak with a real estate agent in Grand Prairie
That's where I can help. I'd be more than happy to schedule a time to get together with you and speak with you regarding your real estate needs and get an idea of your future plans. We'll discuss neighborhoods, schools in the Grand Prairie area, the mortgage industry, and any additional economic factors that may affect your buying decision today or in the future.

In addition, I'll help you begin the loan process. There are some excellent mortgage professionals in Grand Prairie, and I partner with a lot of them, so you're in great hands. They'll assist you in deciding which type of loan is best for you and help you get qualified.

Step 3 – Start looking for a home
After our initial meeting, I'll start searching for available houses on the market that meet your needs. I'll get a sneak peek of most of the houses and eliminate the bad ones, and then we'll book appointments to view the homes at a time that's convenient for you.

When we tour houses, I'll identify good features, as well as bad ones. I'll also ask you what things you like and dislike. Most often, buyers update their must-have list as we view houses and some items become more essential than others. If that happens, I'll look through the listings once again and narrow it down to the home of your dreams.

Step 4 – Understand the market
My awareness of the Grand Prairie home market is a fundamental agent in your house search. I'm conscious of all the neighborhoods and school districts, and I'll communicate which areas are "hot" and require prompt action and the ones that are "cool" and allow for careful analysis.

As we tour houses, I'll be sure to tell you when the seller's asking price has room for bargaining and when I believe the house is "priced to sell." When working with an agent, be mindful and be sure to ask a lot of questions, as any real estate agent in Grand Prairie will convince you they understand the home market. If it seems like they don't know everything, contact me at (972) 504-8021 or e-mail me at , and I'll be happy to answer your questions. 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 waiting for
I'm sure we'll find the house of your dreams in Grand Prairie. When that happens, I'll meticulously develop your home purchase offer. The offer will be made to suit your needs and the home. We'll include many contingencies, such as obtaining financing, carrying out the inspection, and a clean title.

Upon turning in your offer, you'll likely want to present "earnest money." This is a cash deposit given to the home seller to secure an 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 necessary time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals aren't closed on the first offer. It's widely common to receive a counter offer. But don't let this discourage you. We'll talk over whether or not to take the counter offer, submit our own counter offer, or decline the seller's offer and go on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing constraints. And when it's all said and done, we'll create a contract that works well for you.

Step 7 – Get financing
Once we sign the final contract, you'll begin working with your lender to close the loan. If you've been pre-approved, this won't take much time at all, but you'll want 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
Your lender will supply you with a Loan Estimate (LE) detailing closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your loan application. This estimate depends on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and be within a strict range of accuracy. I'll study the estimate and let you know if everything looks all right.

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

Step 9 – Move in
Congratulations! It's time to move into your new house. 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