Tag Archives: Steve Stinson

Home Buying in 6 Steps

Six Steps

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1) Get Ready for Home Ownership

  • Build a good credit history
  • Get mortgage pre-approval
  • Find out what type of mortgages you quality for
  • Consider hiring an attorney to review all contracts and agreements associated with the home buying process
  • Save up for a down payment (typically 10-20% of property’s value; if FHA-qualified, then possibly less)
    • Consider closing costs which can include taxes, attorney’s fees, and transfer fees
    • Consider utilities and monthly bills, such as homeowner’s assessments

2) Find a Real Estate Professional

  • Get a referral from friends, family, and work colleagues, or search realtor.com® and look for real estate yard signs and advertisements
  • Ask the real estate professionals you interview about buyer’s representation contracts and agreements; make sure you understand the terms
  • Explain your needs and expectations to the real estate professional you choose to work with

3) Find the Right Property

  • Determine what is important to you, such as particular schools, neighborhood amenities, monthly mortgage payment, public transportation, walkability, etc.
  • Make sure you include home owner’s assessments, utilities, and taxes when calculating the monthly mortgage payment

4) Finance the Property

  • Contact your mortgage broker or lender
  • The lender or attorney will run a title search to ensure there are no clouds on the title
  • Make sure you understand the financing terms—ask the lender for clarification, if needed

5) Make an Offer

  • Ensure the property is inspected by a licensed home inspector
  • Acquire title insurance
  • Make sure the title is clear, or make your offer contingent upon title clearance
  • Read all contracts before signing—make sure you understand all of the terms, ask questions
  • Place a competitive bid and be prepared to make a counter-offer
  • Keep your credit score stable and in-check by waiting to purchase any big-ticket items until long after the closing
  • Only one offer will result in a sale, so be prepared to move on if your offer is not accepted

6) Closing and Life After the Big Purchase

  • Protect your new asset by obtaining insurance such as homeowner’s, flood, disaster, and fire
  • Weatherproof your new home
  • Maintain files—digital or print—for all warranties, insurance documents, contracts, etc.
  • Keep original closing documents in a safe place, preferably outside the home (such as a safety deposit box)
  • Set up utilities bills in your name, maintain files
  • Implement desired aesthetic changes such as painting, minor construction, and re-flooring
  • Set a move date and hire movers or plan a move party with your friends
  • Get to know your neighbors and explore your new neighborhood
  • If you’re happy with the work of your real estate professional, be sure to recommend her/him to friends and family

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Heritage Brook by Legacy Homes

Located on Old Railroad Bed Road just a mile north of Hwy 72 (University Drive) in Madison, Heritage Brook provides the best of both worlds. The private wooded lots, raised foundations and gently rolling topography provide an established neighborhood feel with brand new homes. This unique combination combined with the convenient proximity to Redstone Arsenal, Madison Hospital and The Shops of Madison; make Heritage Brook a natural choice for your new home.

Looking for a new home? I work with every builder in every new community and school district in Madison county.

Buy your new home with me and I’ll sell your current home for FREE!

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Filed under Neighborhood Profiles, Real Estate for Everyone

Kelly Cove Community by Woodland Homes

What Is Your Idea of Refuge, A Resort Or Home?
At Kelly Cove, We Say… Both!

This magnificent community features all of the amenities that have made Woodland Homes so popular with North Alabama home buyers.

Located in the heart of Monrovia, you will find the diamond we call Kelly Cove.  Part of the original Kelly Farm, Kelly Cove was master-planned to enhance the living experience from the moment you pass between the infinity waterfalls and begin to ride through the tree lined streets.  Featuring both side-sidewalks, underground utilities, public sewer and soft light lamp post, Kelly Cove “feels” like home.  Our new Amenity package featuring a Clubhouse with fireplace and full kitchen, workout facility with elliptical machines and LED TV’s on the walls, Outdoor grilling area, HUGE in-ground pool with Sprinkler Park for the children to enjoy will be opening 2nd Quarter 2015.  Kelly Cove also features a private stocked lake for our residents to enjoy a relaxing day of fishing.  Kelly Cove has it all…Great Location, Great Schools and Great Homes.  Stop by for a visit today and see why Kelly Cove is the fastest selling community in Monrovia.  Homes starting from the $290’s.

Looking for a new home? I work with every builder in every new community and school district in Madison county.

Buy your new home with me and I’ll sell your current home for FREE!

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River Ridge Community by Jeff Benton Homes

Located in Big Cove, River Ridge is one of those special communities that offers nature at your doorstep and convenience right down the road. The homes of River Ridge have access to many great amenities including a pool, clubhouse, pavilion, water play features, playground, two community lakes, and much more!

Looking for a new home? I work with every builder in every new community and school district in Madison county.

Buy your new home with me and I’ll sell your current home for FREE!

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Come see the new Heritage Brook model home this weekend!

'14 Spring Tour

Come see the new Heritage Brook, by Legacy Homes, model home during this year’s Spring Tour of Homes this weekend. Heritage Brook is located one mile north of Hwy 72 on Old Railroad Bed Road in Madison. We’ll be open from 12-5 on Saturday and Sunday. We’re giving away some great prizes including an iPad Air. In addition to the new model home we also have three other floor plans in different phases on construction ready for you to explore!

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Now Selling! Heritage Brook

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Legacy Homes is proud to announce that Heritage Brook is now selling. Heritage Brook is a unique new home community. It features large treed lots that provide excellent back yard privacy as well as a matured landscape look. Heritage Brook is conveniently located a mile north of Hwy 72 on Old Railroad Bed Road. All homes are brick with HardiePlank, shake and exposed timber accents. Home plans utilize a raised foundation that helps them stand apart from other new construction sites and adds an elegant impression to the neighborhood. Plans range from 1900sf to 3000sf and all feature downstairs masters and spacious open concept designs. With prices starting at $219,900 the first phase should sell quickly.

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Happy New Year!

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January 1, 2014 · 7:21 am