Buying a new home in Yukon?
With some up-front planning, purchasing a home isn't all that complex, but it still is stressful for a lot of people. So you'll know exactly what to expect, we like to furnish our buyers with an overview of the entire deal. Here are our nine steps to buying a home.
When you're ready to get started, you can contact us here or send us e-mail
. We're happy to address any questions you have about this information.
Step 1 – Get ready to purchase
There are plenty of things you need to contemplate before you look for a home. You'll most likely want to form an index of items you want to have, get a feel for what school districts and neighborhoods you'd like to live in, and begin working on your budget. Ensuring your mortgage payment is less than or close to 30 percent of your net monthly income is a good rule to follow.
Step 2 – Contact a real estate agent in Yukon
This is where we come in. We'd be more than happy to book a time to meet with you and communicate with you regarding your real estate needs and get an idea of your upcoming plans. We'll discuss the mortgage and housing industries, other economic factors that may affect your purchase today or in the future, as well as neighborhoods and school districts in the Yukon area.
In addition, we'll help you begin the loan process. We partner with some of the finest mortgage professionals in Yukon, so you're in great hands. They can assist you in figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Begin house-hunting
After our initial meeting, we'll start searching for available houses on the market that are great for you. We'll get a sneak peek of most of the homes and exclude the duds, and then we'll schedule appointments to tour the homes when it's most convenient for you.
When we tour houses, we'll call attention to good features and negative ones. we'll even ask you what things you like and dislike. Generally, buyers update their must-have list as we tour houses and some features become far more substantial than others. If that's the case, we'll look through all the listings once more and trim it down to the house you've been dreaming about.
Step 4 – Know the market
An agent's awareness of the Yukon home market is an essential aspect in your home search. And we assure you we're well acquainted with all the school districts and neighborhoods, and we can communicate some areas are "hot" and call for prompt action and the others that are "cool" and allow for careful consideration.
When we view homes, we'll be sure to tell you when the asking price has room for negotiation and also when we trust the home is "priced to sell." Trust your instincts and be sure to ask your agent plenty of questions, as any real estate agent will tell you they comprehend the housing market. If things don't add up, call us at 405-265-1126 or e-mail us at email@example.com, and we'll be glad to answer any questions you might have. Our understanding of the market will keep you a step ahead throughout the entire process.
Step 5 – Find the house of your dreams
We're positive we'll find your dream house in Yukon. When that happens, we'll meticulously create your home purchase offer. The offer will be tailored keeping your needs in mind, including a lot of contingencies, such as getting financing, finishing the home inspection, and a clean title.
When we submit your purchase offer, you'll need to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property, and it's most often applied to the closing costs. If your offer is accepted, we should close on the home within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the beginning offer. It's pretty common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to agree to the counter offer, present our own counter offer, or reject the seller's offer and move on.
The state of the market determines how aggressively we negotiate the contract. We'll also work within your financing limits. And when it's all said and done, we'll compose a contract that is best for you.
Step 7 – Get your loan
Once we sign the final deal, you'll start working with your lender to close the loan. This shouldn't take very long at all if you're already pre-approved, but you'll want to stay in close contact with your lender. And we'll deal with all the property information your lender will need to close the loan.>
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 mandate that it has to include all closing costs and fall within a close range of accuracy. we'll analyze the estimate and let you know if it all looks permissible.
Then we'll close on your home. This will most likely take place at a title company or escrow office and will most often be a smooth and stress-free occurrence.
Step 9 – Move in
You made it! It's time to move into your new home. Enjoy it. And if you need anything, be sure to contact us at 405-265-1126 or send us an e-mail.