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Purchasing your new home in Suffield with Dowd Realty Group, Inc.

Purchasing a home intimidates many people. However, with some up-front planning, it's not too confusing. So you know exactly what to expect, I like to provide my buyers with a road map of the entire deal. These are my nine steps to purchasing a home.

When you're ready to get started, simply contact me here or send e-mail to I'm happy to answer questions you have about this information.

Step 1 – Prepare to buy
There are many things you should do prior to starting your home search. You'll most likely want to put together a checklist of must-haves, get a plan of what neighborhoods you want to live in, and start planning your budget. Keeping your mortgage payment around 1/3 of your monthly income is a good rule of thumb to go by.

Step 2 – Get in touch with a real estate agent
This is where Dowd Realty Group, Inc. can help. We can schedule a time to meet so we can talk about your real estate needs and get an idea of your future plans. We'll talk about everything from neighborhoods, schools in the Suffield area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.

In addition, I'll assist you in getting started on your loan. There are some excellent mortgage professionals in Suffield, and I work with a lot of them, so you're in great hands. They can assist you with deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start your home search
After we meet for the first time, I'll start looking for available houses on the market that are great for you. I'll research many of the homes and reject the duds, and then we'll set up appointments to tour the houses when it's convenient for you.

When we tour the homes, I'll point out positive features, as well as negative ones. I'll also ask you to talk about things you like and dislike. As a rule, buyers change their list of must-haves as we tour houses and some features become far more crucial than others. If that's the situation, I'll look through all the listings another time and narrow it down to the house you've been waiting for.

Step 4 – Get a grasp of the market
My understanding of the Suffield market is a fundamental asset in your home search. I am mindful of all the neighborhoods and schools, and I will let you know some districts are "hot" and demand immediate action and others that are "cold" and allow for more analysis.

As we tour houses, I'll make sure to communicate if the seller's list price has room for negotiation or if I believe the house is "priced to sell." Be on guard and be sure to ask a lot of questions, as every REALTOR® will convince you they truly know the market. If it appears they don't know everything, call me at 860-668-6549 or e-mail me at, and I'd be glad to answer your questions. My understanding of the market will help you stay a step above the rest throughout the entire process.

Step 5 – Find your dream house
I'm confident we'll find your dream home in the Suffield area. When we do, I'll meticulously develop your home purchase offer. The offer will be tailored to suit your needs, including a lot of contingencies. A few examples are getting financing, completing the home inspection, and a clear title.

Let Dowd Realty Group, Inc. guide you through finding your dream home in Suffield When sending in your purchase offer, you'll likely need to present "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property. The amount is most often applied to the closing costs. If your offer is accepted by the seller, we should close on the home about 30 to 60 days after. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate the deal
Most contracts don't close on the first offer – it's really common to receive a counter offer. But don't let this intimidate you. We'll discuss whether or not to take the counter offer, propose our own counter offer, or decline 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 when it's all said and done, we'll compose a deal that's best for you.

Step 7 – Obtain your loan
After we sign the final contract, you'll start working with your mortgage lender to close the loan. This won't take very long at all if you're already pre-approved, but you need to keep in close contact with your lender. And I'll manage all the property information your mortgage lender will need to close the loan.

Step 8 – Close the deal
Your lender will send you a Good Faith Estimate (GFE) detailing your closing costs within three days of accepting your loan application. You'll get a Good Faith Estimate (GFE) outlining your closing costs from your mortgage lender within three days of taking your loan application. This estimate is based on the loan amount, and RESPA requirements mandate that it has to include all closing costs and fall within a tight range of accuracy. I'll examine the estimate and let you know if everything looks okay.

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

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, be sure to call me at 860-668-6549 or send me an e-mail.