Buying or selling a home? Target Cost Realty, LLC can help.

For many people, purchasing a home can be a stressful event. However, with a bit of planning ahead of time, it isn't all that difficult. So they know exactly what to expect, I'll furnish buyers with an outline of the whole deal. Below are my nine steps to purchasing a home. If you have any questions regarding any of this information or if you're prepared to get started, simply contact me here or e-mail me at .

Step 1 – Prepare to buy a home
There are several things you need to do before starting your home search. It's likely that you'll want to make a checklist of items you want to have, get a feel for what neighborhoods you'd like to live in, and begin planning around your budget. A good principle to adhere to is that your mortgage payment should be less than a third of your monthly income.

Step 2 – Speak with a real estate agent
This is where I come in. We can arrange a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll talk about everything from neighborhoods, schools in the Grand Prairie area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.

I can also help you get 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 help you decide which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking
After our first meeting, I'll start finding homes on the market that best suit you. I'll get a sneak peek of most of the houses and remove the bad ones, and then we'll schedule appointments to view the houses whenever it's convenient for you.

When we view houses, I'll show you the good features and bad ones. I'll also ask you to talk about things you like and don't like. Generally, buyers amend their list of must-haves as we tour houses and some features become more necessary than others. If that's the case, I'll search the listings once more and narrow it down to the home of your dreams.

Step 4 – Know the market
My awareness of the Grand Prairie housing market is a fundamental aspect in your house search. I'm familiar with all the school districts and neighborhoods, and I'll alert you to certain neighborhoods are "hot" and call for immediate action and some that are "cold" and allow for more examination.

When we view homes, I'll make sure to communicate if the asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be careful and make sure you ask lots of questions. Any real estate agent in Grand Prairie will convince you they truly know the housing market. If things don't add up, contact me at (972) 504-8021 or e-mail me at , and I'll be more than happy to answer your questions. My market knowledge will help you stay a step above the rest throughout the entire process.

Step 5 – Find the home of your dreams
I'm confident we'll find the home of your dreams in the Grand Prairie area. When that happens, I'll meticulously develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as obtaining financing, completing the home inspection, and a clear title.

Upon sending in your offer, you'll probably need to submit "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property, and it's usually put towards the cost of closing. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the beginning offer – it's widely common to receive a counter offer. But don't let it intimidate you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or reject the seller's offer and move on.

The state of the market will play a vital role in how aggressively we negotiate the contract. We'll also work within your financing limits. And when it's all said and done, we'll formulate a deal that's best for you.

Step 7 – Get your loan
Once the contract is complete, you'll start working with your lender to close the loan. If you're already pre-approved, this shouldn't take long at all. But you need to stay in close contact with your mortgage lender. And I'll manage all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of getting your application. This estimate depends on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if it all looks okay.

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

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

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