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Are you buying a new home in Bakersfield? Fenton Real Estate can help.

Buying a home is stressful for many people, but it's not that confusing with a little planning ahead of time. So they understand exactly what they can expect, I'll furnish buyers with an overview of the entire deal. Below are my nine steps to purchasing a home. When you're ready to get started, simply contact me here or e-mail me at . I'm glad to address any questions you have about this information.

Step 1 – Get ready to buy a home
There are a lot of things you should take into account before starting your home search. When you begin your search, you'll want to create an outline of features you want, get a feeling for what neighborhoods you'd like to live in, and begin planning your budget. A good principle to go by is that your mortgage payment should be 30 percent of your net monthly income.

Step 2 – Speak with a real estate agent in Bakersfield
This is where I can help. I'd love to arrange a time to meet with you and speak with you about why you want to buy a home and get an idea of your upcoming plans. We'll discuss everything from neighborhoods, school districts in the Bakersfield area, the mortgage and housing industries, to any other economic factors that may affect your purchase today or in the future.

I can also help you facilitate the loan process. There are some excellent mortgage professionals in Bakersfield, and I partner with a lot of them, so you'll be in great hands. They'll assist you with determining which kind of loan is best for you and help you get approved.

Step 3 – Begin house-hunting
Following our initial meeting, I'll start looking for houses on the market that are a great fit for you. I'll research most of the homes and ignore the bad ones, and then we'll book appointments to view the houses when it's convenient for you.

When we view homes, I'll call attention to positive features and negative ones. I'll also ask you to talk about things you like and dislike. Frequently, buyers change their wish list as we view houses and some items become far more crucial than others. If that happens, I'll look through all the listings once more and narrow it down to the house you've been dreaming about.

Step 4 – Comprehend the market
My awareness of the Bakersfield market is a crucial agent in your house search. I'm mindful of all the school districts and neighborhoods, and I'll communicate some districts are "hot" and demand immediate action and some that are "cold" and allow for more examination.

When we tour homes, I'll be sure to tell you if the asking price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be mindful and be sure to ask plenty of questions, as every REALTOR will claim to comprehend the housing market. If it doesn't seem like they know everything, contact me at 661-205-5475 or e-mail me at , and I'll be glad to answer your questions. My understanding of the market will help you stay a step ahead throughout the entire process.

Step 5 – Find your dream home
We'll find the home of your dreams in the Bakersfield area, and when we do, I'll meticulously create your home purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as getting financing, finishing the inspection, and a clean title.

When turning in your offer, you'll likely need to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to buy the property. The amount is often applied to the cost of closing. If the offer is accepted, we should close on the property about 30 to 60 days after. This allows plenty of time for your mortgage financing.

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

Market conditions determine how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And when it's all said and done, we'll create a deal that is best for you.

Step 7 – Obtain a loan
Once the deal is complete, you'll start working with your lender to close the loan. This shouldn't take very long at all if you're already pre-approved, but you need to keep in close contact with your lender. And I'll look after all the property information your lender will need 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 getting your application. You'll get a Loan Estimate (LE) outlining closing costs from your lender within three days of getting your loan application. The estimate rests on the loan amount, and RESPA requirements order that it has to involve all closing costs and fall within a narrow range of accuracy. I'll analyze the estimate and let you know if it all looks permissible.

Then it's time to close on your home. This should take place at a title company or escrow office and should be a smooth and hassle-free affair.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to contact me at 661-205-5475 or e-mail me at .

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