Are you looking to buy a new home in Olympia? WEICHERT, REALTORS® Reynolds Real Estate can help.

Purchasing a home is intimidating for many people, but it's not too complex with a bit of up-front planning. So you'll know exactly what to expect, we like to supply our buyers with a road map of the whole deal. Below are our nine steps to buying a home.

If you have questions about any of this information or if you're prepared to get started, simply contact us here or send e-mail to info@reynoldsrealestate.net.

Step 1 – Prepare to buy
There are several things you should contemplate before you search for a home. You'll want to make a list of items you need, get a feeling for what school districts and neighborhoods you'd like to live in, and begin planning around your budget. Ensuring your mortgage payment is less than 1/3 of your monthly income is a good rule to follow.

Step 2 – Contact a real estate agent
This is where we can help. We can set up a time to meet so we can talk about your real estate needs and get an idea of your plans for the future. We'll discuss everything from neighborhoods, school districts in the Olympia area, the mortgage industry, to any other economic factors that might affect your buying decision today or in the future.

We can also assist you in getting started on your loan. We work with some of Olympia's best mortgage professionals, so you can rest assured that you're in great hands. They will help you figure out which kind of loan is best for you, as well as help you get approved.

Step 3 – Begin looking
Following our initial meeting, we'll begin looking for houses on the market that are great for you. We'll get a sneak peek of most of the houses and exclude the bad ones, and then we'll schedule appointments to tour the homes whenever it's convenient for you.

As we view the houses, we'll show you the positive features and negative ones. we'll also ask you to tell us about things you like and dislike. Oftentimes, buyers amend their must-have list as we view houses and some items become far more essential than others. If that's the situation, we'll look through all the listings another time and trim it down to the home of your dreams.

Step 4 – Know the market
An agent's awareness of the Olympia home market is a fundamental element in your home search. And we assure you we're well acquainted with all the schools and neighborhoods, and we'll let you know what districts are "hot" and warrant prompt action and the rest that are "cool" and allow for more analysis.

As we view homes, we'll let you know when the list price has room for negotiation and when we know the home is "priced to sell." Be on guard and make sure you ask lots of questions, as every REALTOR® in Olympia will tell you they comprehend the market. If it appears they don't know everything, just call us at 360-412-6731 or e-mail us at info@reynoldsrealestate.net, and we'd be more than happy to answer any questions you might have. Our market expertise will keep you a step above the rest throughout the entire deal.

Step 5 – Find the home you've been looking for
We're positive we'll find the home of your dreams in Olympia. When we do, we'll precisely develop your real estate purchase offer. The offer will be tailored keeping your needs in mind, including several contingencies. A few examples are getting financing, carrying out the home inspection, and a clean title.

Let Weichert Reynolds Real Estate guide you through finding your dream home in Olympia When we turn in your purchase offer, you'll need to present "earnest money." This is a cash deposit given to a seller to secure the offer to purchase the property. The amount is most often put towards the cost of closing. If the seller accepts your offer, we should close within 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the first offer. It's widely common to receive a counter offer. But don't let it intimidate you. We'll figure out whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and move on.

How aggressively we negotiate the contract depends on market conditions. We'll also 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 – Secure a loan
Upon finishing the contract, you'll begin working with your lender to close the loan. If you're already pre-approved, it shouldn't take long at all. But you need to keep in close contact with your lender. And we'll sort out all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) detailing closing costs from your mortgage lender within three days of accepting your application. The estimate rests on the loan amount. RESPA requirements order that it has to include all closing costs and fall within a narrow range of accuracy, and we'll examine the estimate and let you know if everything looks good.

Then it's time to close on your home. This will most likely take place at a title company or escrow office and will likely be a smooth and stress-free occurrence.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, make sure you contact us at 360-412-6731 or send us an e-mail.

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