Let me help you with purchasing your home in the greater Burlington area.With some up-front planning, buying a home isn't too complicated, but the event intimidates many people. So you understand exactly what to expect, I like to furnish my buyers with a road map of the whole process. Here are my steps to purchasing a home.
|When you're ready to get started, simply contact me here or send e-mail to email@example.com. I'm happy to talk on the phone at 802 264 1888 or return email. When it's convenient, I like to meet at my office to look the process over and answer all of your questions. There's never a cost or obligation for this personalized home buyer orientation.|
Step 1 – Prepare to purchase a home
There are plenty of things you'll want to do before you start looking for a home. When you start your search, you'll want to create a checklist of features you need, get a plan of what towns, neighborhoods and school districts you'd like to live in, and start planning around your budget. A good guideline to adhere to is that your mortgage payment should be close to a third of your net monthly income. Writing a list of questions - general and specific - is a great idea. I can recommend lenders, too, when we meet.
I know a number of attorneys who specialize in representing home buyers, and who charge a modest flat fee. I even know one who takes calls on the weekend. When we meet, let me suggest a few names and suggest questions to ask so you can make a phone call or two and select an attorney you're comfortable with who knows real estate transactions inside out and backwards.
Step 2 – Interview an experienced real estate agent, who has helped buyers as clients for years.
This is where I can help. I can schedule a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. Bring all of your questions! We'll discuss the mortgage process, other factors that might affect your purchase today or in the future, as well as neighborhoods and school districts in the area. I'll explain the options you have as a consumer in Vermont, and how to get the maximum value. I can even explain why you can't tell if a home is available from a real estate yard sign in Vermont. Did you know that state law forbids a sign from saying "sold" or "under agreement" in Vermont? I can explain...
I can also assist you with getting started on your loan. I work with some of the best mortgage professionals in the state, so you're in great hands. They'll help you choose which kind of loan is best for you, as well as help you get qualified. You'll want to shop for mortgage PROGRAMS as well as just rates. And todays rates are at historic lows!
Step 3 – Begin your home search
After we meet, I'll begin finding available homes on the market that meet your needs. I'll research most of the homes and reject the bad ones, and then we'll set up appointments to view the homes at a time that's convenient for you.
In fact, I can get you your own exclusive customized access the the MLS, and if you like, the new ones which fit your criteria will find YOU by email, seconds after they appear on the market! Phone me for details!
Step 4 – Get a grasp of the market
I grew up in Williston, back when it was part of the city of Burlington and not a city in it's own right. I can help you find what you're looking for.
Step 5 – Find the house you've been looking for
I'm sure we'll find your dream home in the area. When that happens, I'll thoroughly develop your purchase offer. The offer will be tailored with your needs in mind, including many contingencies, such as acquiring financing, finishing the home inspection, and a clean title. In fact, I'll show you exactly what similar properties have sold for recently to help you decide how much to offer.
Step 6 – Negotiate
Unfortunately most deals aren't closed on the initial offer. It's very common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
Market circumstances determine how aggressively we negotiate the deal. We'll also work within your financing budget. And at the end of the day, we'll formulate a contract that is best for you. When we write your purchase offer, you'll be protected by several "contingencies". These allow you to get out of the contract under defined circumstances. You'll sleep better at night knowing you're protected and all the "what if's" have been taken into consideration.
Step 7 – Obtain a loan
Once the offer becomes a contract, you'll begin working with your lender to finalize the loan. A Professional Property Inspector who works for YOU will look the place over and give you a written report to reassure you, educate you and perhaps assist us with final negotiations with the seller. Then the lender's appraiser (often called a "bank appraiser") will visit and help reassure the lender (and you!) the property is worth what you're purchasing it for.
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) outlining closing costs from your lender within three days of accepting your application. The estimate is based on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a tight range of accuracy. You'll want to go over the estimate and talk with the mortgage officer to answer your questions. A good mortgage professional will go over this "GFE" before you make a formal application, to show you some possible scenarios.
Then it's time to close on your home! Vermont is "an attorney state". That means your attorney will conduct the closing with you, and explain all the forms and answer questions, disbursing funds and recording the legal documents at the proper town offices.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything, be sure to contact me at (802) 264-1888 or send me an e-mail.