Let Jason Compton assist you in purchasing your home in Lexington

Buying a home is an intimidating event for a lot of people, but it isn't that difficult with a bit of up-front planning. So they'll understand exactly what to expect, I'll provide buyers with a road map of the entire deal. These are my nine steps to purchasing a home. If you have any questions regarding this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Get ready to purchase
There are plenty of things you should do prior to beginning your home search. When you start your search, you'll want to make a list of features you want to have, get an idea of what school districts and neighborhoods you'd like to live in, and start planning around your budget. Keeping your mortgage payment less than or around a third of your net monthly income is a good principle to go by.

Step 2 – Get in touch with a real estate agent in Lexington
This is where Jason Compton can help. We'll book 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 talk about neighborhoods, schools in the Lexington area, the mortgage and housing industries, and any additional economic factors that could potentially affect your purchase today or in the future.

I'll also assist you with getting started on your loan. I work with some of the finest mortgage professionals in Lexington, so you can rest assured that you're in great hands. They will assist you with determining which type of loan is best for you and help you get approved.

Step 3 – Start your search
After our first meeting, I'll begin searching for homes on the market that meet your needs. I'll get a sneak peek of most of the houses and remove the bad ones, and then we'll book appointments to tour the homes whenever it's most convenient for you.

As we tour homes, I'll show you the good features and bad ones. I'll even ask you to tell us about things you like and don't like. For the most part, buyers amend their must-have list as we tour houses and some items become more important than others. If that happens, I'll search the listings another time and narrow it down to the home you've been waiting for.

Step 4 – Comprehend the market
Your agent's knowledge of the Lexington home market is a necessary element in your home search. And I assure you I'm acquainted with all the school districts and neighborhoods, and I'll communicate some areas are "hot" and warrant prompt action and some that are "cold" and allow for more consideration.

When we tour homes, I'll let you know if the seller's list price has room for negotiation or if I believe the home is "priced to sell." Any REALTOR in Lexington will tell you they know the market, but be careful, and make sure you ask your agent lots of questions. If it doesn't seem like they know everything, just call me at 8036655253 or e-mail me at , and I'd be more than happy to answer any questions you have. My understanding of the market will help you stay a step above the rest throughout the entire deal.

Step 5 – Find the home of your dreams
We'll find the home of your dreams in the Lexington area, and when we do, I'll carefully develop your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, finishing the inspection, and a clear title.

When we turn in your offer, you'll need to present "earnest money." This is a cash deposit made to a home seller to secure an offer to buy the property and is usually put towards the cost of closing. If the offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts don't close on the first offer. It's very common to receive a counter offer. Don't let it discourage you. We'll discuss whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and go on.

The state of the market determines how aggressively we negotiate the contract. We'll also work within your financing budget. And at the end of the day, we'll create a contract that is best for you.

Step 7 – Get your loan
Upon signing the contract, you'll begin working with your mortgage lender to close the loan. If you're pre-qualified, it won't take long at all, but you'll want to keep in close contact with your mortgage lender. And I'll handle all the property information your lender will need to close the loan.

Step 8 – Close the deal
Your mortgage lender will furnish you with a Loan Estimate (LE) of closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) outlining closing costs from your mortgage lender within three days of taking your application. This estimate is formed from the loan amount. RESPA requirements require that it has to include all closing costs and fall within a strict range of accuracy, and I'll study the estimate and let you know if it all looks all right.

Then it's time to close on your home. This will likely take place at a title company or escrow office and will probably be a smooth and stress-free occurrence.

Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, make sure you call me at 8036655253 or e-mail me at .