Contemplating buying a home in Maplewood? Axis Realty can help.

With some planning ahead of time, buying a home isn't all that confusing, but the event is intimidating for many people. So they'll know exactly what to expect, I like to give buyers an outline of the entire deal. Below are my nine steps to buying a home. When you're ready to get started, just 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 purchase a home
Prior to beginning your home search, there are several things you'll want to do. You'll most likely want to assemble a check list of items you need, get a feel for what school districts and neighborhoods you want to live in, and start working on your budget. Keeping your mortgage payment around 1/3 of your monthly income is a good rule to follow.

Step 2 – Communicate with a real estate agent
That's where I come in. I'd like to book a time to meet 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, school districts in the Maplewood area, the mortgage and housing industries, to any other economic factors that might affect your purchase today or in the future.

In addition, I'll help you begin the loan process. Axis Realty partners with some of Maplewood's best mortgage professionals, so you can rest assured that you're in great hands. They can assist you with figuring out which type of loan is best for you and help you get qualified.

Step 3 – Begin your home search
After we meet for the first time, I'll begin searching for houses on the market that are a great fit for you. I'll get a sneak peek of most of the houses and ignore the bad ones, and then we'll book appointments to view the houses when it's most convenient for you.

As we view houses, I'll point out good features and negative ones. And I'll ask you about things you like and don't like. Usually, buyers amend their list of must-haves as we view homes and some items become more substantial than others. If that's the situation, I'll go back through the listings another time and trim it down to the home you've been waiting for.

Step 4 – Comprehend the market
An agent's knowledge of the Maplewood home market is a necessary factor in your home search. And I assure you I'm acquainted with all the school districts and neighborhoods, and I can alert you to some areas are "hot" and call for prompt action and the ones that are "cold" and allow for careful examination.

When we tour houses, I'll be sure to tell you if the seller's asking price has room for bargaining or if I believe the home is "priced to sell." Every real estate agent in Maplewood will claim to truly know the home market, but trust your instincts, and make sure you ask your agent plenty of questions. If it seems like they don't know everything, contact me at 651-770-4857 or e-mail me at , and I'll be glad to answer your questions. My market expertise will help you stay a step above the rest through the entire deal.

Step 5 – Find the home of your dreams
I'm sure we'll find the house of your dreams in the Maplewood area. When that happens, I'll carefully develop your home purchase offer. The offer will be tailored keeping your needs in mind and the home, including several contingencies, such as getting financing, finishing the inspection, and a clean title.

When we turn in your offer, most likely you'll need to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property and is often put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days afterward. This allows enough time for your mortgage financing.

Step 6 – Negotiate
Most contracts aren't closed on the first offer. It's pretty common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to consent to the counter offer, propose our own counter offer, or reject the seller's offer and go on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your budget. And at the end of the day, we'll put together a deal that is best for you.

Step 7 – Get your loan
Once we sign the final deal, you'll begin working with your lender to close the loan. If you're already pre-qualified, this won't be a long process at all, but you'll want to stay in close contact with your lender. And I'll manage all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your mortgage lender within three days of accepting your application. The estimate is formed from the loan amount. RESPA requirements order that it has to contain all closing costs and fall within a precise range of accuracy, and I'll analyze the estimate and let you know if everything looks okay.

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

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 651-770-4857 or e-mail me at .

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