Are you looking to purchase a home in Lexington? Jason Compton can help.

Purchasing a home can be stressful for many people, but it's not all that hard with a bit of planning ahead of time. So they know exactly what they can expect, I'll give buyers an outline of the entire deal. Below are my nine steps to purchasing a home. Should 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 buy a home
Before you begin your home search, there are many things you need to consider. When you begin your search, you'll want to form an index of features you need to have, plan for what neighborhoods and school districts you'd like to live in, and begin working on your budget. Keeping your mortgage payment less than 30 percent of your monthly income is a good rule of thumb to adhere to.

Step 2 – Connect with a real estate agent in Lexington
This is where I can help. We'll book a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans. We'll discuss the mortgage and housing industries, other economic factors that could potentially affect your purchase today or in the future, as well as neighborhoods and school districts in the Lexington area.

I can also help you begin the loan process. Jason Compton works with some of Lexington's finest mortgage professionals, so you can rest assured that you're in great hands. They will assist you with choosing which kind of loan is best for you and help you get qualified.

Step 3 – Start your home search
Following our first meeting, I'll begin finding available houses on the market that are good for you. I'll get a sneak peek of most of the homes and reject the duds, and then we'll set up appointments to tour the homes at a time that's convenient for you.

As we view the houses, I'll point out good features and negative ones. I'll also ask you to point out what things you like and don't like. Usually, buyers amend their must-have list as we tour homes and some things become more necessary than others. If that's the situation, I'll go back through all the listings another time and narrow it down to the house you've been wishing for.

Step 4 – Know the market
My understanding of the Lexington home market is a crucial component in your house search. I am familiar with all the neighborhoods and schools, and I can communicate which neighborhoods are "hot" and call for prompt action and the ones that are "cool" and allow for more consideration.

As we view homes, I'll make sure to communicate if the seller's asking price has room for negotiation or if I believe the house is "priced to sell." Every REALTOR in Lexington will convince you they comprehend the housing market, but keep an eye out, and be sure to ask your agent a lot of questions. If things don't add up, just call me at 8036655253 or e-mail me at , and I'd be happy to answer any questions you may have. My market knowledge will help you stay a step above the rest through the entire process.

Step 5 – Find the house of your dreams
I'm sure we'll find the house of your dreams in Lexington. When we do, I'll precisely develop your purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, completing the inspection, and a clean title.

Upon turning in your offer, you'll likely want to submit "earnest money." This is a cash deposit submitted to a seller to secure an offer to purchase the property and is usually applied to the cost of closing. If the offer is accepted by the seller, we should close on the property about 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals don't close on the beginning offer. It's very common to receive a counter offer. But don't let this discourage you. We'll figure out whether or not to take the counter offer, propose our own counter offer, or reject the seller's offer and move on.

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

Step 7 – Obtain financing
After the deal is finished, you'll begin working with your mortgage lender to close the loan. It won't be a long process at all if you've been pre-qualified, but you'll need to keep in close contact with your mortgage lender. And I'll handle 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) detailing your closing costs within three days of taking your loan application. You'll get a Loan Estimate (LE) outlining your closing costs from your lender within three days of getting your application. This estimate is based on the loan amount, and RESPA requirements mandate that it has to contain all closing costs and be within a precise range of accuracy. I'll examine the estimate and let you know if everything looks adequate.

Then it's time to close on your house. This will most likely happen at a title company or escrow office and is often a smooth and easygoing occasion.

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