Contemplating buying a property in the Shiner area?

Buying a property can be stressful for a lot of people, but it's not too confusing with a little up-front planning. We like to give buyers an outline of the entire deal so they'll understand exactly what to expect. Here are our nine steps to purchasing a property or home.

When you're ready to get started, you can contact us here or send an e-mail to deb5410@sbcglobal.net. We are glad to address any questions you have about this information.


Step 1 – Prepare to purchase
If you are looking for a home, there are plenty of things you'll want to consider prior to starting your search. When you begin your search, you'll want to create a checklist of features you need to have, get a plan of what school districts you want to live in, and begin working on your budget. Ensuring your mortgage payment is less than or around 1/3 of your monthly income is a good rule to adhere to.

Step 2 – Get with a real estate agent
This is where we come in. We would be happy to schedule a time to get together with you and speak with you regarding your real estate needs and get an idea of your future plans. We'll talk about the mortgage industry, other economic factors that might affect your purchase today or in the future, as well as neighborhoods and school districts in and around the Shiner area.

We will also help you get started on your loan. Lala Insurance & Realty works with some of the finest mortgage professionals in the area, so you can rest assured that you're in great hands. They'll help you choose which kind of loan is best for you, as well as help you get approved.

Step 3 – Start hunting
Following our first meeting, we will begin finding available properties on the market that are a good fit for you. We will do our research, then we'll schedule appointments to tour the properties whenever it's most convenient for you.

As we tour homes, we will call attention to good features and bad ones. We will even ask you to point out what things you like and dislike. Most often, buyers update their wish list as we tour homes and some things become more substantial than others. If that's the case, we will look through the listings once again and trim it down to the house you've been waiting for.

Step 4 – Know the housing market
Your real estate agent or company's understanding of the real estate market is a crucial aspect in your search. And we can assure you we are acquainted with all the properties in Lavaca and surrounding counties, and the schools in these areas. 

When we view properties, we are always quick to tell you when the asking price has room for negotiation and also when we think it is "priced to sell." Be on guard and make sure you ask lots of questions, as every REALTOR® will tell you they comprehend the market. If it doesn't seem like they know everything, just call us at 361-594-2553 or e-mail us at deb5410@sbcglobal.net, and we will be happy to answer any questions you might have. Our market expertise will help you stay a step ahead throughout the entire deal.

Step 5 – Find the house or property you've been waiting for
We are sure we'll find the property or house of your dreams in the Shiner area. When we do, we will carefully create your real estate purchase offer. The offer will be tailored with your needs in mind, including several contingencies. A few examples are obtaining financing, completing the home inspection, and a clear title.

Let Lala Insurance & Realty guide you through finding your dream home in Shiner When we submit your purchase offer, you'll want to present "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property and is typically put towards the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows necessary time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most deals don't close on the initial offer. It's widely common to receive a counter offer. But don't let it discourage you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and go on.

Market circumstances will play a part in how aggressively we negotiate the contract. In addition, we'll work within your budget. And when it's all said and done, we'll formulate a contract that's best for you.

Step 7 – Secure your loan
Upon finalizing the contract, you'll start working with your lender to close the loan. It won't take long at all if you're already pre-approved, but you should stay in close contact with your mortgage lender. And we will take care of all the property information your mortgage lender needs to close the loan.  If you are buying a home your lender will most likely require you to obtain home owners insurance. Unlike other real estate companies, Lala Insurance & Realty provides a one-stop shopping approach by offering appropriate coverage to meet your needs.  Please don't hesitate to ask us for a complimentary, no obligation quote.

Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of your closing costs from your mortgage lender within three days of accepting your application. The estimate rests on the loan amount, and RESPA requirements require that it has to include all closing costs and be within a close range of accuracy. We will examine the estimate and let you know if it all looks good.

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

Step 9 – You are a property owner!
Success! Now you can move into your new home, build on your acreage or just enjoy being a new property owner.  Our service doesn't end here.  If you have any questions after the sale, make sure you call us at 361-594-2553 or send us an e-mail.

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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