Purchasing a home in Maplewood with Axis Realty

Buying a home intimidates many people. However, with some up-front planning, it's not very complicated. I like to furnish buyers with an overview of the whole deal so they know exactly what to expect. These are my nine steps to purchasing 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 about this information.

Step 1 – Get ready to buy a home
Prior to beginning your home search, there are plenty of things you should take into account. When you begin your search, you'll probably want to make a list of features you need, plan for what neighborhoods and school districts you'd like to live in, and start planning around your budget. Keeping your mortgage payment less than or around 1/3 of your monthly income is a good rule of thumb to go by.

Step 2 – Contact a real estate agent
This is where I come in. I'd like to schedule a time to meet with you and speak with you about your real estate needs and get an idea of your upcoming plans. We'll talk about neighborhoods, schools in the Maplewood area, the mortgage and housing industries, and any additional economic factors that may affect your purchase today or in the future.

I can also help you start the loan process. There are some excellent mortgage professionals in Maplewood, and I partner with a lot of them, so you'll be in great hands. They'll assist you in deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start house hunting
Following our first meeting, I'll start finding available homes on the market that suit your needs. I'll research many of the homes and throw out the bad ones, and then we'll book appointments to view the homes when it's convenient for you.

As we view the homes, I'll identify good features and bad ones. I'll also ask you about things you like and don't like. It's widely common for buyers to update their must-have list as we tour homes and some things become more essential than others. If such is the case, I'll go back through the listings once again and trim it down to the home you've been waiting for.

Step 4 – Get a grasp of the market
My understanding of the Maplewood housing market is a necessary aspect in your home search. I'm acquainted with all the schools and neighborhoods, and I'll let you know certain districts are "hot" and warrant prompt action and the ones that are "cool" and allow for careful examination.

When we view houses, I'll be sure to tell you if the asking price has room for negotiation or if I believe the home is "priced to sell." Every real estate agent will claim to know the home market, but be careful, and make sure you ask your agent a lot of questions. If things don't add up, contact me at 651-770-4857 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 know we'll find your dream house in Maplewood. When that happens, I'll meticulously create your home purchase offer. The offer will be tailored to suit your needs and the home, including a lot of contingencies, such as obtaining financing, completing the inspection, and a clear title.

When turning in your purchase offer, you'll likely want to present "earnest money." This is a cash deposit made to a home seller to secure the offer to purchase the property. The amount is usually put towards the closing costs. If the offer is accepted by the seller, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals aren't closed on the first offer – it's very common to receive a counter offer. Don't let it discourage you. We'll consider whether or not to accept the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

Market conditions determine how aggressively we negotiate the contract. We'll also work within your financing limits. And at the end of the day, we'll assemble a contract that works well for you.

Step 7 – Obtain financing
Upon signing the deal, you'll start working with your lender to close the loan. It shouldn't take long at all if you're pre-qualified, but you'll need to stay in close contact with your lender. And I'll care for all the property information your lender will need to close the loan.

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

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

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just contact me at 651-770-4857 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