Step 2- Develop Your Customized Home Buying Plan

Step 2- Develop Your Customized Home Buying Plan

• Specific home search criteria
• Location
• Price range
• Property type
• Detached
• Townhouse
• Condo
• # of bedrooms
• # of bathrooms
• Square footage
• Lot size
• Community amenities
• Lifestyle features
• Specific needs to even considering purchasing
• Wish list
• A timeline to get you moved in according to your schedule
• Research market
• We recommend approximately 6 months ahead of desired move in date
• View houses
• According to the National Association of Realtors, the average buyer spends 10 weeks looking at homes. Of course, this can vary greatly from buyer to buyer.
• Go under contract
• If there is a loan involved, will probably need at least 30 days to go through the mortgage process
• Desired closing date
• In Maryland you legally own and take possession of property at the end of settlement
• Customary for a closing date of 30-60 days from contract acceptance but always negotiable
• Make sure you are aware of the best available financing options
• Foundation for your negotiating position with sellers!
• Sellers are unlikely to consider an offer without proof of financing
• Proof of financing tells sellers that you are ready, willing and able to purchase
• How are you planning on financing your purchase?
• Proof of funds
• Pre-approval letter
• It does not cost anything to get pre-approved by a mortgage professional
• We can recommend professionals if needed
• Most approvals allow you to search for several months
• Recommend shopping options
• Will not hurt your credit!
• Truth-in-Lending RESPA Integrated Disclosure - TRID
• Loan Estimate
• Know before you owe
• Funds needed for your down payment and closing costs
• Monthly mortgage payment
• Principle
• Interest
• Taxes
• Insurance
• Costs to consider when purchasing
• Utilities
• Electric
• Heating/Cooling
• Water
• Sewer
• Homeowners association or condominium fees and inclusions
• Special assessments
• Front foot fees
• Inspections
• Moving costs
• Move in repairs
• What if fund
• Recommend speaking with your accountant about tax advice!

Next: Step 3- Searching for Your New Home- Be the 1st to know about properties coming on the market. Ensure you see homes the 1st day on the market.

Our Team's Exclusive 10 Step Guide to Home Buying- Maryland's Property Team guarantees that you will fully understand the home buying process, be the 1st to know about properties coming on the market & see homes the 1st day on the market!

• Step 1- Our Initial Buyer Interview- Discuss your needs and how our team can help you achieve your goals. What are you looking for in a real estate broker?
• Step 2- Develop Your Customized Home Buying Plan- Define your specific home search criteria. Make sure you are aware of the best possible financing options.
• Step 3- Searching for Your New Home- Be the 1st to know about properties coming on the market. See homes the 1st day on the market.
• Step 4- Showing Appointments- Always present and looking out for your best interests. Honest professional 3rd party opinion of properties.
• Step 5- Select 'The One'!- Provide additional information to assist you in your evaluation of properties. Detailed look at the specifics.
• Step 6- Negotiate the Purchase Agreement- Inform you of negotiation strategies. Structure the offer to your advantage.
• Step 7- Plan from Contract to Closing- Inform you of important dates & deadlines. Access to our network of real estate related services.
• Step 8- Guide the Purchase to Closing- Track completion of all contingencies. Any help that you may need.
• Step 9- Settlement- What to expect at settlement. What all documents are signed and the funds exchanged the property is yours!
• Step 10- Turning Your House into Your Home- Our service to our clients does not end at the settlement table. Always available for any real estate needs you may have in the future.

Schedule a FREE No-Obligation Confidential Consultation!

• Discuss your needs and how our team can help you achieve your goals
• Make sure you fully understand the home buying process
• Develop your customized home buying path to success
• Set up your home search instant alerts
• Complete Steps 1-3 of Our Team's Exclusive 10 Step Guide to Home Buying

Adam Heimbach - Real Estate Broker, REALTOR®, GRI

Direct: 410-212-4898

[email protected]

David Weiss - Associate Broker, REALTOR®

Direct: 410-703-2363

[email protected]