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Looking to purchase a new home in Mountain Ranch? Mountain Ranch Realty, Inc. can help.

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

Step 1 – Prepare to buy a home
There are many things you'll want to consider prior to starting your home search. You'll probably want to put together a list of features you need to have, get a plan of what neighborhoods you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is less than or close to a third of your net monthly income is a good guideline to follow.

Step 2 – Speak with a real estate agent
That's where I can help. We can plan a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, schools in the Mountain Ranch area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.

In addition, I'll assist you in getting started on your loan. Mountain Ranch Realty, Inc. partners with some of the best mortgage professionals in Mountain Ranch, so you'll be in great hands. They will assist you with figuring out which type of loan is best for you and help you get qualified.

Step 3 – Begin your search
Following our initial meeting, I'll start finding available houses on the market that are great for you. I'll get a sneak peek of many of the houses and throw out the duds, and then we'll set up appointments to tour the houses at a time that's convenient for you.

When we tour homes, I'll call attention to good features, as well as negative ones. I'll also ask you about things you like and don't like. Frequently, buyers change their list of must-haves as we view homes and some features become far more important than others. If that happens, I'll look through all the listings one more time and trim it down to the house you've been dreaming about.

Step 4 – Get a grasp of the market
Your agent's understanding of the Mountain Ranch market is a leading aspect in your house search. And I can assure you I'm informed of all the schools and neighborhoods, and I'll communicate certain areas are "hot" and warrant prompt action and others that are "cold" and allow for thoughtful examination.

As we tour houses, I'll be sure to tell you if the seller's asking price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be on guard and make sure you ask plenty of questions. Every REALTOR will convince you they comprehend the market. If things don't add up, call me at (209) 754-3030 or e-mail me at , and I'd be glad to answer any questions you may have. My market knowledge will help you stay a step above the rest through the entire process.

Step 5 – Find your dream house
I'm sure we'll find the home of your dreams in Mountain Ranch. When that happens, I'll carefully create your home purchase offer. The offer will be tailored to suit your needs and the home, including many contingencies, such as acquiring financing, completing the home inspection, and a clear title.

When presenting your offer, you'll need to submit "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property, and it's typically put towards the closing costs. If the offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
Most deals aren't closed on the beginning offer – it's very common to receive a counter offer. Don't let this discourage you. We'll talk over whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the deal depends on market conditions. In addition, we'll work within your financing budget. And when it's all said and done, we'll formulate a contract that works well for you.

Step 7 – Obtain a loan
Once we sign the final sales contract, you'll start working with your lender to close the loan. If you've been pre-approved, this won't take very long at all. But you should to keep in close contact with your mortgage lender. And I'll sort out all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your mortgage lender within three days of taking your loan application. This estimate is formed from the loan amount. RESPA requirements require that it has to involve all closing costs and fall within a tight range of accuracy, and I'll study the estimate and let you know if everything looks adequate.

Then it's time to close on your house. This will most often occur at a title company or escrow office and will likely be a smooth and calm occurrence.

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 (209) 754-3030 or e-mail me at .