9 Steps to purchasing a home in the Raleigh area
With a group of very qualified and talented Raleigh real estate buyer agents, the purchasing process will be a snap. The Jim Allen Group team of highly qualified agents are specialized in working for no one else but you, the buyer. Keeping your specific needs in mind, your Jim Allen Group buyers agent will find the right Triangle home for you in the shortest amount of time and will negotiate the best price for you. Here’s how their knowledge and skills will work for you.
1. Start loan pre-approval
Go ahead and get this process started. Ensuring your mortgage payment is around 30 percent of your net monthly income is a good rule of thumb to follow.
2. Find an agent to work with
I’d love to be the one to guide you through this process. As your agent, we’ll discuss your price range, ideal locations, current market conditions, and more.
3. Start your search
I’ll be sure to get you information on new houses that meet your criteria as soon as they’re listed. I’ll do everything in my power to help you find your dream home.
We may receive a counter offer. Don’t be intimidated! We’ll discuss it, or propose our own counter offer. Market conditions determine how aggressively we negotiate the contract.
5. Make an offer
I’ll create your offer, tailored exactly to your needs. If it’s accepted, we should close on the home within 30 to 60 days after. If it’s not, we’ll negotiate with the seller to reach a deal.
6. Get a grasp of the market
My local market expertise is a valuable resource as you consider what’s a good deal and what isn’t. Understanding market conditions can be difficult, but that’s why I’m here to help.
7. Finalize financing
If you’re pre-qualified, this shouldn’t take long. But you need to stay in close contact with your lender. I’ll manage all the property information your mortgage lender needs to close the loan.
8. Close the deal Move in!
You’ll get a Good Faith Estimate of closing costs from your lender. It must contain all closing costs and fall within a tight range of accuracy. I’ll study it and let you know if everything looks correct.
9. Congratulations! You’re a homeowner!
You can move into your new home. Enjoy it! I’ll stay in touch in case there’s anything else you need. And don’t forget. I always appreciate referrals!
Asking You All the Right Raleigh Home Buying Questions!
If you do not have a specific Triangle area home in mind you want to see, they will ask you a series of questions. These questions will be to identify what areas in the home are important to you, i.e. 2 car garage, the number of bedrooms, number of bathrooms, bonus room, screened porch, acreage, square footage. After determining your needs, your Jim Allen Group buyers agent will show you Raleigh area homes that meet your search criteria. If you don’t have a Raleigh Real Estate professional already, find one now!
If you are out of town, our team will also email you examples of Triangle area homes for your review. After careful analysis and elimination of homes, you and your Jim Allen Group agent will determine the best time to see the homes you selected. Upon finding the right home, the agent will then draw up an “Offer to Purchase & Contract” and discuss the terms of your offer with you. After an agreed upon purchase price, your agent will then present the offer to the agent listing the home. Counteroffers may be made back and forth verbally and then once both parties have come to a mutual acceptance, the contract along with the earnest money will be given to the listing agent. The home is then considered under contract.
Making Your Raleigh Real Estate Transaction Less Stressful!
We want your home buying experience with us to be as pleasant and enjoyable as possible. Contact The Jim Allen Group today and put our experience to work for your home buying process!