Buying or selling a home?

For many people, buying a home is a stressful event. But with some up-front planning, it isn't that hard. We like to furnish buyers with an outline of the entire deal so they know exactly what they can expect. These are our nine steps to purchasing a home.

Shopping for homes? Click here to see our homes, or contact us today to get you more information on any home in the area.

Step 1 – Prepare to purchase
Prior to beginning your home search, there are many things you need to consider. When you begin your search, you'll want to make an outline of must-have features, get an idea of what school districts and neighborhoods you want to live in, and start planning your budget. Keeping your mortgage payment less than or around a third of your monthly income is a good guideline to follow.

Step 2 – Get in touch with a real estate agent in DFW
This is where Ryan Real Estate Group can help. We'll book 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 neighborhoods, school districts in the DFW area, the mortgage and housing industries, and any additional economic factors that could affect your buying decision today or in the future.

We can also help you start the loan process. There are some great mortgage professionals in DFW, and we partner with a lot of them, so you're in great hands. They will assist you in figuring out which kind of loan is best for you and help you get qualified.

Step 3 – Start looking for a home
Following our initial meeting, we'll begin finding available houses on the market that are a great fit for you. We'll preview most of the houses and exclude the duds, and then we'll set up appointments to tour the houses at a time that's convenient for you.

When we tour houses, we'll show you the good features and negative ones. we'll even ask you what things you like and dislike. Generally, buyers amend their wish list as we view houses and some things become more essential than others. If that's the situation, we'll look through all the listings once more and narrow it down to the house you've been waiting for.

Step 4 – Get a grasp of the housing market
An agent's awareness of the DFW housing market is a fundamental factor in your home search. And we assure you we're well acquainted with all the schools and neighborhoods, and we can communicate what areas are "hot" and require immediate action and the others that are "cool" and allow for more consideration.

When we view homes, we'll let you know when the list price has room for negotiation and also when we trust the home is "priced to sell." When working with an agent, be on guard and make sure you ask lots of questions, as any REALTOR® will tell you they truly know the market. If it seems like they don't know everything, contact us at 469-429-0160 or e-mail us at , and we'd be happy to answer any questions you may have. Our knowledge 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're positive we'll find the house of your dreams in DFW, and when we do, we'll thoroughly create your purchase offer. The offer will be tailored with your needs in mind. Whenever necessary, We never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.

Let Ryan Real Estate Group guide you through finding your dream home in Plano When presenting your purchase offer, you'll need to present "earnest money." This is a cash deposit given to the home seller to secure the offer to purchase the property and is typically applied to the cost of closing. If the seller accepts your offer, we should close about 30 to 60 days afterward. This allows necessary time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals don't close on the initial offer – it's very common to receive a counter offer. Don't let it discourage you. We'll talk about whether or not to consent to the counter offer, present our own counter offer, or refuse the seller's offer and move on.

Market conditions will play a part in how aggressively we negotiate the contract. In addition, we'll work within your budget. And at the end of the day, we'll compose a deal that's best for you.

Step 7 – Obtain financing
After we sign the final sales contract, you'll begin working with your mortgage lender to close the loan. It won't take long at all if you've been pre-qualified, but you need to stay in close contact with your mortgage lender. And we'll take care of all the property information your mortgage lender needs to close the loan.>

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of your closing costs from your lender within three days of accepting your application. The estimate depends on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and be within a precise range of accuracy. we'll review the estimate and let you know if it all looks adequate.

Then we'll close on your house. This will likely happen at a title company or escrow office and should be a smooth and peaceful affair.

Step 9 – Move in
You made it! It's time to move into your new home. Enjoy it. And if you have any questions, make sure you contact us at 972-801-2498 or send us an e-mail.

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