Let Latte Stone Properties, LLC assist you in purchasing your new home in Tamuning

Buying a home is stressful for many people, but it isn't all that complicated with a bit of up-front planning. I like to furnish buyers with an overview of the whole deal so they understand exactly what to expect. Below are my nine steps to purchasing a home. Should you have any questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Prepare to buy a home
Before you start searching for a home, there are a lot of things you need to consider. You'll probably want to assemble an index of items you want, get a feeling for what school districts you want to live in, and begin planning around your budget. Keeping your mortgage payment less than or close to a third of your net monthly income is a good guideline to adhere to.

Step 2 – Contact a real estate agent in Tamuning
This is where Latte Stone Properties, LLC comes in. We can plan a time to meet so we can talk about why you want to buy a home and get an idea of your plans for the future. We'll discuss everything from neighborhoods, school districts in the Tamuning area, the mortgage industry, to any other economic factors that could potentially affect your purchase today or in the future.

I can also assist you in getting started on your loan. Latte Stone Properties, LLC partners with some of the finest mortgage professionals in Tamuning, so you're in great hands. They'll assist you in deciding which kind of loan is best for you and help you get approved.

Step 3 – Start house-hunting
After we meet for the first time, I'll begin looking for available houses on the market that are a great fit for you. I'll preview many of the homes and remove the bad ones, and then we'll book appointments to tour the homes at a time that's convenient for you.

As we tour the houses, I'll show you the good features and negative ones. And I'll ask you about things you like and dislike. Oftentimes, buyers change their list of must-haves as we view homes and some items become more substantial than others. If that happens, I'll go back through the listings once more and trim it down to the house you've been waiting for.

Step 4 – Get a grasp of the housing market
My understanding of the Tamuning home market is a crucial element in your home search. I am conscious of all the neighborhoods and school districts, and I can let you know which neighborhoods are "hot" and warrant prompt action and others that are "cool" and allow for thoughtful consideration.

As we tour houses, I'll let you know if the list price has room for bargaining or if I believe the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask lots of questions. Every real estate agent in Tamuning will claim to truly know the home market. If things don't add up, just call me at (671) 647-5577 or e-mail me at , and I'll be happy to answer any questions you may have. My understanding of the market will help you stay a step above the rest through the entire process.

Step 5 – Find the home of your dreams
We'll find your dream home in the Tamuning area, and when we do, I'll precisely create your purchase offer. The offer will be tailored exactly to your needs and the home, including several contingencies. A few examples are acquiring financing, carrying out the inspection, and a clear title.

Upon sending in your purchase offer, you'll want to present "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 the offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals aren't closed on the first offer. It's widely common to receive a counter offer. But don't let this alarm you. We'll consider whether or not to consent to the counter offer, propose our own counter offer, or refuse the seller's offer and go on.

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

Step 7 – Get a loan
Once the contract is signed, you'll start working with your mortgage lender to close the loan. If you've been pre-approved, it won't take much time at all, but you should to keep in close contact with your lender. And I'll care for all the property information your lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of receiving your loan application. The estimate rests on the loan amount. RESPA requirements mandate that it has to involve all closing costs and be within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks adequate.

Then it's time to close on your home. This will probably happen at a title company or escrow office and is often a smooth and easygoing affair.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything or have any questions, just contact me at (671) 647-5577 or e-mail me at .