Buying or selling a home in Tarrytown?

Buying a home is a stressful event for a lot of people, but it's not very confusing with a bit of planning ahead of time. I like to provide buyers with an outline of the entire deal so they'll understand exactly what to expect. Below are my nine steps to buying a home. When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address questions you have regarding this information.

Step 1 – Prepare to purchase
There are several things you need to take into account before starting your home search. It's likely that you'll want to form a check list of must-have features, get a feeling for what neighborhoods and school districts you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is no more than a third of your net monthly income is a good rule to go by.

Step 2 – Connect with a real estate agent
That's where I can help. We'll book a time to get together so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll discuss everything from neighborhoods, schools in the Tarrytown area, the mortgage and housing industries, to any other economic factors that may potentially affect your purchase today or in the future.

I'll also assist you in getting started on your loan. I partner with some of the best mortgage professionals in Tarrytown, so you'll be in great hands. They can help you choose which kind of loan is best for you, as well as help you get approved.

Step 3 – Start looking for a home
Following our first meeting, I'll start looking for homes on the market that are great for you. I'll research most of the houses and exclude the duds, and then we'll set up appointments to view the homes when it's most convenient for you.

When we view the homes, I'll call attention to positive features, as well as bad ones. I'll also ask you what things you like and dislike. For the most part, buyers change their must-have list as we tour houses and some items become far more essential than others. If such is the case, I'll look through all the listings one more time and trim it down to the home you've been dreaming about.

Step 4 – Comprehend the housing market
My awareness of the Tarrytown housing market is a leading element in your home search. I'm familiar with all the school districts and neighborhoods, and I will alert you to what areas are "hot" and warrant prompt action and others that are "cold" and allow for careful analysis.

As we tour houses, I'll make sure to communicate if the seller's asking price has room for bargaining or if 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 Tarrytown will convince you they truly know the market. If things don't add up, contact me at 914-301-3277 or e-mail me at , and I'd be happy to answer any questions you may have. My market expertise will keep you a step ahead through the entire process.

Step 5 – Find the home you've been waiting for
We'll find your dream home in Tarrytown, and when that happens, I'll precisely create your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as getting financing, finishing the home inspection, and a clean title.

Upon sending in your purchase offer, you'll need to present "earnest money." This is a cash deposit made to the home seller to secure an offer to buy the property, and it's typically put towards the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts aren't closed on the first offer – it's widely common to receive a counter offer. But don't let this intimidate you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the deal depends on the state of the market. In addition, we'll work within your financing limits. And when it's all said and done, we'll assemble a contract that's best for you.

Step 7 – Get a loan
Upon completing the 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. However, you'll need to keep in close contact with your lender. And I'll handle 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) outlining your closing costs from your lender within three days of taking your application. This estimate depends on the loan amount, and RESPA requirements dictate that it has to contain all closing costs and fall within a tight range of accuracy. I'll review the estimate and let you know if it all looks all right.

Then it's time to close on your home. This will most likely happen at a title company or escrow office and will likely be a smooth and relaxed occasion.

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, make sure you contact me at 914-301-3277 or e-mail me at .

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