Buying or selling a home?

	When you're ready to get started, simply contact me here or send e-mail to realtoririna@yahoo.com. I'm glad to answer any questions you have regarding this information.

Step 1 – Get ready to buy a home
There are plenty of things you'll want to contemplate before commencing your home search. When you begin your search, you'll want to form a check list of features you want to have, plan for what neighborhoods you'd like to live in, and start planning your budget. Keeping your mortgage payment less than a third of your monthly income is a good principle to follow.

Step 2 – Communicate with a real estate agent
This is where Irina Nisenzon can help. I'd be happy to arrange a time to get together with you and communicate with you about why you want to buy a home and get an idea of your plans for the future. We'll talk about everything from neighborhoods, school districts in the Cherry Hill area, the mortgage industry, to any other economic factors that may affect your buying decision today or in the future.

In addition, I'll help you start the loan process. There are some excellent mortgage professionals in Cherry Hill, and I work with a lot of them, so you can rest assured that you're in great hands. They'll assist you with deciding which kind of loan is best for you and help you get approved.

Step 3 – Begin house-hunting
After our first meeting, I'll begin finding houses on the market that suit your needs. I'll preview most of the homes and ignore the bad ones, and then we'll book appointments to tour the houses whenever it's most convenient for you.

When we tour homes, I'll call attention to good features, as well as bad ones. I'll even ask you to talk about things you like and dislike. Frequently, buyers revise their must-have list as we view houses and some items become far more necessary than others. If such is the case, I'll look through all the listings once again and trim it down to the home you've been wishing for.

Step 4 – Understand the housing market
An agent's awareness of the Cherry Hill home market is an essential element in your house search. And I can assure you I'm familiar with all the neighborhoods and school districts, and I can let you know some neighborhoods are "hot" and warrant immediate action and some that are "cool" and allow for careful examination.

As we view houses, I'll be sure to tell you if the seller's list price has room for negotiation or if I believe the home is "priced to sell." When working with an agent, be mindful and be sure to ask a lot of questions, as any real estate agent in Cherry Hill will tell you they truly know the market. If things don't add up, call me at (856) 424-4040 ext. 194 or e-mail me at realtoririna@yahoo.com, and I'd be glad to answer any questions you might have. My understanding of the market will keep you a step above the rest throughout the entire deal.

Step 5 – Find the house you've been waiting for
I'm certain we'll find your dream house in the Cherry Hill area, and when we do, I'll precisely create your real estate purchase offer. The offer will be tailored exactly to your needs. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.

When we turn in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to a seller to secure an offer to buy the property, and it's typically applied to the cost of closing. If your offer is accepted by the seller, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals aren't closed on the initial offer – it's extremely common to receive a counter offer. But don't let this discourage you. We'll consider whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the deal depends on market circumstances. In addition, we'll work within your budget. And when it's all said and done, we'll create a contract that is best for you.

Step 7 – Obtain your loan
After the contract is complete, you'll start working with your mortgage lender to close the loan. If you've been pre-qualified, it won't take long at all, but you need to keep in close contact with your lender. And I'll care for all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will provide you with a Good Faith Estimate (GFE) detailing closing costs within three days of getting your loan application. You'll get a Good Faith Estimate (GFE) detailing your closing costs from your mortgage lender within three days of accepting your application. This estimate depends on the loan amount. RESPA requirements dictate that it has to include all closing costs and fall within a strict range of accuracy, and I'll analyze the estimate and let you know if everything looks okay.

Then it's time to close on your house. This will likely occur at a title company or escrow office and will most likely be a smooth and relaxed affair.

Step 9 – Move in
You made it! It's time to move into your new house. Enjoy it. And if you need anything, just contact me at (856) 424-4040 ext. 194 or send me an e-mail.