Purchasing your new home in Grand Prairie with Target Cost Realty, LLC

With some planning ahead of time, buying a home isn't very complicated, but the event is intimidating for many people. So they'll know exactly what to expect, I will supply buyers with a road map of the whole deal. Here are my nine steps to purchasing 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 – Get ready to purchase a home
There are many things you need to take into account prior to commencing your home search. You'll want to put together a list of features you want, plan for what neighborhoods and school districts you'd like to live in, and begin working on your budget. Keeping your mortgage payment less than or close to 1/3 of your monthly income is a good principle to adhere to.

Step 2 – Contact a real estate agent in Grand Prairie
That's where I come in. I'd like to schedule a time to get together with you and communicate with you about why you want to buy a home and get an idea of your future plans. We'll discuss neighborhoods, schools in the Grand Prairie area, the mortgage and housing industries, and any additional economic factors that may potentially affect your purchase today or in the future.

I'll 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'll be in great hands. They can assist you with determining which type of loan is best for you and help you get approved.

Step 3 – Start your home search
Following our initial meeting, I'll start looking for houses on the market that are great for you. I'll research most of the homes and ignore the bad ones, and then we'll schedule appointments to view the houses whenever it's most convenient for you.

When we tour houses, I'll show you the good features and bad ones. I'll even ask you to point out what things you like and don't like. It's common for buyers to change their list of must-haves as we tour homes and some things become far more essential than others. If that's the case, I'll look through the listings once more and narrow it down to the house you've been waiting for.

Step 4 – Comprehend the housing market
Your agent's knowledge of the Grand Prairie home market is a crucial element in your home search. And I can assure you I'm informed of all the schools and neighborhoods, and I will let you know which areas are "hot" and demand prompt action and others that are "cool" and allow for careful analysis.

When we tour homes, I'll be sure to tell you if the list price has room for bargaining or if I believe the house is "priced to sell." Trust your instincts and be sure to ask your agent lots of questions, as every REALTOR in Grand Prairie will tell you they comprehend 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 any questions you might have. My market expertise will keep you a step above the rest through the entire process.

Step 5 – Find your dream house
I'm sure we'll find the home of your dreams in Grand Prairie. When we do, I'll thoroughly develop your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as acquiring financing, finishing the home inspection, and a clear title.

Upon submitting your offer, you'll need to present "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property. The amount is usually applied to the closing costs. If your offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Most contracts don't close on the initial offer, and it's really common to receive a counter offer. But don't let it discourage you. We'll consider whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

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

Step 7 – Obtain financing
Once we sign the final sales contract, you'll start working with your mortgage lender to close the loan. If you've been pre-qualified, this won't take very long at all, but you should to stay in close contact with your lender. And I'll take care of all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will give you a Loan Estimate (LE) outlining closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of receiving your loan application. This estimate rests on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a tight range of accuracy, and I'll review the estimate and let you know if everything looks adequate.

Then we'll close on your house. This should happen at a title company or escrow office and will most often be a smooth and hassle-free affair.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, simply contact me at (972) 504-8021 or e-mail me at .

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information
Some Details