Purchasing your home in Odenton?

With some up-front planning, buying a home isn't very difficult, but it still is stressful for many people. We like to provide buyers with an overview of the whole deal so they'll understand exactly what to expect. Here are our nine steps to purchasing a home.

Step 1 – Prepare to buy
There are plenty of things you'll want to do prior to starting your home search. You'll want to put together a list of items you want, plan for what neighborhoods you'd like to live in, and begin working on your budget. Keeping your mortgage payment less than or close to 30 percent of your monthly income is a good rule to adhere to.

Step 2 – Talk to a real estate agent
This is where Gamble Realty, Inc comes in. We'll arrange a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. We'll talk about neighborhoods, school districts in the Odenton 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 assist you with getting started on your loan. There are some great mortgage professionals in Odenton, and we partner with a lot of them, so you'll be in great hands. They will help you figure out which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin house hunting
After we meet, we'll start finding available homes on the market that are a great fit for you. We'll research many of the homes and exclude the bad ones, and then we'll set up appointments to view the homes at a time that's convenient for you.

When we tour the homes, we'll point out good features, as well as bad ones. And we'll ask you to talk about things you like and dislike. It's common for buyers to amend their wish list as we view homes and some things become more necessary than others. If that happens, we'll look through the listings once more and trim it down to the home of your dreams.

Step 4 – Know the housing market
An agent's awareness of the Odenton market is an imperative component in your house search. And we assure you we're in touch with all the neighborhoods and schools, and we'll communicate some neighborhoods are "hot" and warrant immediate action and the others that are "cool" and allow for thoughtful consideration.

When we tour houses, we'll let you know when the list price has room for negotiation and also when we trust the house is "priced to sell." When working with an agent, be on guard and be sure to ask plenty of questions. Any real estate agent in Odenton will tell you they truly understand the housing market. If it doesn't seem like they know everything, call us at 301-802-7264 or e-mail us at bryan@gamblerealtyinc.com, and we'd be more than happy to answer any questions you have. Our market expertise will keep you a step ahead throughout the entire process.

Step 5 – Find your dream house
We're confident we'll find your dream home in Odenton, and when that happens, we'll meticulously develop your real estate purchase offer. The offer will be made 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.

When we submit your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property and is often put towards the closing costs. If your offer is accepted, we should close about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of deals don't close on the first offer – it's pretty common to receive a counter offer. Don't let it alarm you. We'll figure out whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.

How aggressively we negotiate the deal depends on market conditions. We'll also work within your financing constraints. And at the end of the day, we'll create a contract that's best for you.

Step 7 – Obtain financing
After we sign the final contract, you'll begin working with your lender to close the loan. If you're already pre-approved, it won't take long at all. However, you'll want to keep in close contact with your lender. And we'll deal with all the property information your lender needs to close the loan.>

Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) outlining your closing costs within three days of taking your application. This estimate is based on the loan amount, and RESPA requirements dictate that it has to involve all closing costs and fall within a tight range of accuracy. we'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 probably happen at a title company or escrow office and will most often be a smooth and pleasant event.

Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you need anything, just call us at 301-802-7264 or send us an e-mail.