1 DECIDING TO PURCHASE
The decision to purchase a home is one of the biggest and most important choices you can ever make. The key is finding the right property and taking the time to carefully evaluate your finances. A home is a great investment that can provide several financial benefits such as building equity and value appreciation. Start looking at your options today. You don’t have to know everything. We are ready to help you through every step of the process.
2 SECURE FINANCING
Meet with a mortgage broker and find out how much you can afford to pay for a home. Sellers will be much more receptive to potential buyers who have been pre-approved. With a pre-approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, when you find the house you are interested in, the seller knows immediately that you are a serious buyer for that property.
3 HIRE YOUR AGENT
Hire your real estate agent, one who is working for you, the buyer, not the seller.
4 FINDING YOUR HOME
We will help you accurately pinpoint homes that fit your criteria and budget. The right home should meet all your important needs, and as many of your additional wants as possible. We will work extensively to find the property of your dreams.
5 MAKING YOUR OFFER
Once you have found your dream house, the next step is deciding what price you would like to offer. Your agent will provide you with a market analysis of the neighborhood and surrounding neighborhoods to ensure you make an informed and educated offer. We will explain and guide you through the entire process.
6 PERFORM YOUR DUE DILIGENCE
Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. We will help you arrange to have this inspection conducted within a few days of your offer being accepted by the seller.
In addition, lenders will arrange for an appraiser to provide an independent estimate of the value of the house and ensure that you are paying a fair price for the home.
7 COORDINATE THE PAPERWORK
As you can imagine, there is a lot of paperwork involved in buying a house. Your agent and lender will arrange for an escrow and title company to handle all of the paperwork and ensure there are no other claims against the property.
8 CLOSING THE SALE
At closing, you will sign all of the paperwork required to complete your purchase, including your loan documents. It typically takes a couple of days for your loan to be funded after the paperwork is returned to the lender. Once the check is delivered to the seller, you are ready to move into your new home!