Are you purchasing your home in Charlottesville? Yates Nobles, GRI, SRS, ABR, E-PRO, GREEN, SRES can help.

For a lot of people, purchasing a home can be a stressful event. However, with a little up-front planning, it's not very difficult. I like to give buyers a road map of the entire deal so they'll know exactly what to expect. Below are my nine steps to buying a home.

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Step 1 – Prepare to buy a home
There are a lot of things you'll want to contemplate before starting your home search. When you begin your search, you'll probably want to make an index of must-have features, get a plan of what school districts and neighborhoods you want to live in, and begin planning around your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good rule to follow.

Step 2 – Talk to a real estate agent
That's where I can help. I can schedule 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 Charlottesville area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.

I can also assist you in getting started on your loan. Yates Nobles, GRI, SRS, ABR, E-PRO, GREEN, SRES partners with some of the best mortgage professionals in Charlottesville, so you can rest assured that you're in great hands. They will assist you in deciding which type of loan is best for you and help you get approved.

Step 3 – Begin house-hunting
After our first meeting, I'll start finding available homes on the market that are great for you. I'll preview most of the homes and exclude the duds, and then we'll schedule appointments to view the houses when it's convenient for you.

When we tour houses, I'll call attention to good features, as well as bad ones. I'll also ask you about things you like and dislike. It's common for buyers to revise their must-have list as we view homes and some features become more essential than others. If that's the situation, I'll search all the listings again and narrow it down to the house you've been wishing for.

Step 4 – Know the housing market
My knowledge of the Charlottesville market is a valuable asset in your home search. I am acquainted with all the schools and neighborhoods, and I'll alert you to which districts are "hot" and demand immediate action and the ones that are "cold" and allow for more consideration.

When we view houses, I'll be sure to tell you when the seller's asking price has room for bargaining and when I believe the home is "priced to sell." When working with an agent, be careful and be sure to ask a lot of questions, as any real estate agent in Charlottesville will convince you they know the housing market. If it doesn't seem like they know everything, call me at 434-227-4442 or e-mail me at, and I'll be happy to answer any questions you might have. My knowledge of the market will help you stay a step above the rest throughout the entire deal.

Step 5 – Find your dream home
I'm confident we'll find the house of your dreams in Charlottesville. When that happens, I'll precisely develop your home purchase offer. The offer will be tailored with your needs in mind, including a lot of contingencies. A few examples are acquiring financing, completing the home inspection, and a clean title.

Let Yates Nobles, GRI, SRS, ABR, E-PRO, GREEN, SRES guide you through finding your dream home in Charlottesville When submitting your purchase offer, you'll need to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property. The amount is most often put towards the closing costs. If the seller accepts your offer, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts don't close on the beginning offer – it's very common to receive a counter offer. Don't let this alarm you. We'll talk about whether or not to take the counter offer, present our own counter offer, or reject the seller's offer and move on.

Market circumstances determine how aggressively we negotiate the contract. We'll also work within your financing limits. And when it's all said and done, we'll put together a deal that works well for you.

Step 7 – Get your loan
After the deal is signed, you'll start working with your lender to close the loan. This shouldn't take much time at all if you're already pre-approved, but you need to keep in close contact with your lender. And I'll sort out all the property information your lender needs to close the loan.>

Step 8 – Close the deal
Your lender will send you a Good Faith Estimate (GFE) outlining closing costs within three days of receiving your application. The estimate depends on the loan amount, and RESPA requirements require that it has to include all closing costs and fall within a strict range of accuracy. I'll study the estimate and let you know if it all looks all right.

Then it's time to close on your house. This will most often happen at a title company or escrow office and should be a smooth and calm affair.

Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, just contact me at 434-227-4442 or send me an e-mail.

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