Contemplating buying a home in Rhinelander? KEY INSIGHT, LLC Real Estate Services can help.

With a little planning ahead of time, buying a home isn't that difficult, but the event intimidates a lot of people. So they'll understand exactly what to expect, I'll provide buyers with an overview of the entire deal. Below are my nine steps to buying a home. When you're ready to get started, just contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.

Step 1 – Prepare to buy a home
Before you begin searching for a home, there are a lot of things you need to do. You'll most likely want to put together an index of features you need, get a plan of what school districts and neighborhoods you want to live in, and start working on your budget. Ensuring your mortgage payment is less than or close to 30 percent of your net monthly income is a good principle to go by.

Step 2 – Contact a real estate agent
This is where I come in. We'll schedule a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about neighborhoods, school districts in the Rhinelander area, the mortgage and housing industries, and any other economic factors that might affect your buying decision today or in the future.

I can also assist you in getting started on your loan. I work with some of the finest mortgage professionals in Rhinelander, so you'll be in great hands. They'll help you determine which type of loan is best for you, as well as help you get approved.

Step 3 – Start your home search
After we meet, I'll begin finding homes on the market that are good for you. I'll preview many of the houses and eliminate the duds, and then we'll book appointments to tour the houses whenever it's convenient for you.

When we tour homes, I'll call attention to positive features, as well as bad ones. I'll even ask you to talk about things you like and don't like. It's pretty common for buyers to revise their wish list as we view houses and some items become more important than others. If such is the case, I'll search all the listings once more and narrow it down to the home of your dreams.

Step 4 – Know the housing market
An agent's understanding of the Rhinelander market is a fundamental component in your home search. And I can assure you I'm conscious of all the school districts and neighborhoods, and I will let you know certain districts are "hot" and call for immediate action and others that are "cool" and allow for more examination.

When we tour houses, I'll be sure to tell you when the asking price has room for bargaining and also when I believe the house is "priced to sell." Be on guard and be sure to ask your agent lots of questions, as every REALTOR in Rhinelander will tell you they know the market. If things don't add up, just call me at 715-362-5151 or e-mail me at , and I'd be glad to answer your questions. My market knowledge will keep you a step ahead throughout the entire process.

Step 5 – Find the house you've been waiting for
I'm sure we'll find your dream home in the Rhinelander area. When we do, I'll carefully create your purchase offer. The offer will be made to fit your needs and the home. We'll include some contingencies, such as acquiring financing, finishing the home inspection, and a clean title.

When presenting your offer, you'll want to submit "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property and is often put towards the closing costs. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the first offer, and it's really common to receive a counter offer. But don't let it discourage you. We'll talk over whether or not to take the counter offer, propose our own counter offer, or refuse the seller's offer and move on.

Market conditions determine how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a contract that is best for you.

Step 7 – Get financing
Once we sign the final deal, you'll begin working with your lender to close the loan. If you're already pre-qualified, it shouldn't take much time at all, but you should to stay in close contact with your mortgage lender. And I'll manage all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of getting your application. This estimate is formed from the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a tight range of accuracy, and I'll examine the estimate and let you know if everything looks permissible.

Then it's time to close on your house. This should take place at a title company or escrow office and will probably be a smooth and comfortable affair.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything, simply call me at 715-362-5151 or e-mail me at .

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