Looking to purchase a new home in Medway? Betty McCall-Vernaglia can help.

Purchasing a home intimidates many people, but it isn't too complicated with a little planning ahead of time. So they'll understand exactly what to expect, I will furnish buyers with an outline of the whole deal. Below 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 glad to address any questions you have about this information.

Step 1 – Prepare to buy
Before you start your home search, there are several things you need to take into account. You'll most likely want to assemble a list of features you need, plan for what neighborhoods and school districts you'd like to live in, and begin working on your budget. A good principle to adhere to is that your mortgage payment should be less than or around a third of your monthly income.

Step 2 – Communicate with a real estate agent in Medway
This is where I can help. I'd be more than happy to set up a time to get together with you and communicate with you regarding why you want to buy a home and get an idea of your upcoming plans. We'll talk about everything from neighborhoods, school districts in the Medway area, the mortgage and housing industries, to any other economic factors that may potentially affect your buying decision today or in the future.

I'll also help you start the loan process. I partner with some of the best mortgage professionals in Medway, so you'll be in great hands. They'll help you decide which kind of loan is best for you, as well as help you get approved.

Step 3 – Start house hunting
After our initial meeting, I'll begin finding available houses on the market that are a good fit for you. I'll preview many of the homes and eliminate the bad ones, and then we'll schedule appointments to view the houses whenever it's most convenient for you.

When we tour homes, I'll identify positive features and negative ones. I'll even ask you to tell us about things you like and dislike. It's common for buyers to revise their list of must-haves as we view homes and some things become more crucial than others. If that happens, I'll look through the listings once more and narrow it down to the home of your dreams.

Step 4 – Understand the housing market
An agent's knowledge of the Medway market is an imperative factor in your home search. And I can assure you I'm mindful of all the school districts and neighborhoods, and I can communicate what areas are "hot" and require immediate action and some that are "cool" and allow for careful analysis.

When we view homes, I'll let you know when the seller's list price has room for negotiation and also when I believe the home is "priced to sell." When working with an agent, be careful and be sure to ask plenty of questions, as any real estate agent in Medway will convince you they know the market. If it appears they don't know everything, call me at (508) 533-6100 or e-mail me at , and I'll be glad to answer any questions you have. My knowledge of the market will help you stay a step above the rest throughout the entire process.

Step 5 – Find your dream house
We'll find the home of your dreams in Medway, and when that happens, I'll meticulously create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including several contingencies. A few examples are obtaining financing, carrying out the inspection, and a clean title.

Upon presenting your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property and is most often applied to the closing costs. If the seller accepts the offer, we should close on the home within 30 to 60 days afterward. This allows necessary time for your mortgage financing.

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

How aggressively we negotiate the contract depends on the state of the market. We'll also work within your budget. And at the end of the day, we'll assemble a contract that's best for you.

Step 7 – Get your loan
Upon signing the deal, you'll start working with your lender to close the loan. This shouldn't take very long at all if you've been pre-approved, but you should to keep in close contact with your mortgage lender. And I'll look after all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your loan application. This estimate is based on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a narrow range of accuracy. I'll go over the estimate and let you know if it all looks permissible.

Then we'll close on your home. This will likely happen at a title company or escrow office and will likely be a smooth and stress-free occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, make sure you call me at (508) 533-6100 or e-mail me at .

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