f you are planning to purchase a home this year there are several things you can do now and a few things to do before you actually select your new home. The home buying process
is exciting and contains many steps. These items will help make the transaction smoother.
1. Decide What You Want
This is the fun part, decide what you are looking for, what part of town
, how big (or small), and when you want to purchase?
· It can be helpful to write down your thoughts, your questions, and what you have seen that you like or don’t like.
· Be sure to consider factors such as your family size now and in the next 5 years; your job commute (time & distance, traffic patterns); location in respect to family, friends and social activities.
· Consider things just as pricing, amenities (pool, kitchen size, basement finished or not, yard size), design (one story or two; colonial or modern, etc). You may also want to create a priority list; this will help if you can’t find a home in your price range with all of your desired features.
2. Get Your Financial House in Oder
· Talk to a lender sooner rather than later. Get a list of the documents you will need to present to get pre-approved.
· Discuss your budget for your monthly mortgage payment.
· How much do you need for a down-payment?
· What are you expected closing costs and taxes?
· You want to be sure to have your finances in order before looking at or preparing an offer to purchase.
3. Begin Your Home Search
Your realtor will be your partner and once you view a few homes
it will be easier for everyone to know just what you want, what you like and what you dislike.
· Your realtor will also provide you with the newest listings that come on the market; this will help you stay ahead of the crowd to view homes.
4. Make An Offer
· You have found your home and now it is time to make an offer - again having your Realtor partner will be invaluable at this step.
· Contract presentation and negotiation is the next step.
· Inspections follow an accepted offer
· Obtain property insurance
· Get the home appraised – your lender and your agent will help with this
5. Finalize the Purchase & Move-in
· Usually a buyer schedules a date and time to do one more walk-thru of the home before the final papers are signed. This is the opportunity to assure that the inspection items were handled as agreed upon.
· Attend closing and sign a lot of papers – again your agent and a title representative, and/or a real estate attorney will assist with this step.
· Move in, unpack and enjoy!
We are experienced, full time, real estate agents, we offer our clients many benefits, and we love what we do! We provide a team of experience service providers that will work with you each and every step of the way!
Let’s chat about taking that first step towards home ownership.
Helping your find your home is our goal,
Getting you through the process is our expertise!