Your Dream Home Awaits
STEPS TO OWNING A HOME
Step 1: Make the Decision to Buy
For most people, buying a home is the biggest decision they will ever make. Buying a home is certainly a very exciting time, but it is important that you know all the facts and making sure buying makes financial sense to fit into your lifestyle.
Step 2: Get Professional Guidance
Whether you are looking to buy or sell, it is important that you get help and advice from a trusted real estate professional. Your real estate agent should act as a consultant and guide you through the entire buying process. That includes answering questions about the neighborhood, market conditions, schools, and helping you get the finance you need. At the same time, your agent will assist you in acquiring a pre-qualified mortgage loan. This will show lenders you are committed to purchasing a home and make your financing arrangements a lot easier.
Step 3: Begin the Search
To begin the search, you should have a general idea about the type home you want. Your real estate professional will use all of their resources to find homes that fit your criteria. You agent will also be able to advise you on “hot” markets and any good deals that are available. After touring some homes, your search will be narrowed down, and you will be one step closer to finding your dream home!
Step 5: Finding your Dream Home
After you find your dream home, your agent will begin the process to get you moved in as quickly and easily as possible. The process usually begins with putting together an offer to the seller that is tailored to your needs. After the seller accepts the offer, closing is usually held within 30-60 days from the offer date.
Step 6: Negotiate the Deal
It is very likely that the seller will submit a counter offer. This should not discourage you. Your agent will help you assess the counter offer and help decide whether to accept the counter offer, submit another counter offer, or reject the counter offer and move on. Emotions can often get in the way of making good decisions. Your agent will be well-prepared to make this step easy and stress-free.
Step 7: Arrange Financing
During the closing period, you will be working with your mortgage lender to obtain the financing you require. Your agent will also be involved in this step by gathering the necessary property information that the lender requires to help you get that much closer to the end.
Step 8: Close the Deal
At the time of submitting your loan application you will be presented with closing cost estimates and the expected down payment. Your agent will review the closing cost estimate and provide you with an idea of how accurate the estimate is.
Step 9: MOVE IN!
The most exciting step in the home buying process- moving day! A little bit of planning here will help ease the pressure of moving. Your agent’s work doesn’t end here. You will be provided with a checklist of reminders to help make your moving experience a delight!
FIRST TIME BUYER ADVICE
Meet with a mortgage lender and see if you can get pre-qualified for a loan. You can also see how much you will be able to afford to pay for a home. Sellers will be much more responsive to serious buyers who are pre-qualified.
2. Know What you Want
Make a list of what you need and want in a home. This takes some careful thinking and planning. Once you know exactly what you are looking for in a home, your real estate agent will be able to begin searching for your dream home.
3. Get Professional Representation
Hiring a real estate professional will ensure that each step in the home buying process is as stress-free as possible. Your representative will be able to provide you with essential market information and recommendations on ideal properties that fit your criteria.
4. Be Objective
Often enough, first time buyers get emotional when purchasing their first home. It is important to keep an objective state of mind and think with your head, rather than your heart. Does this home really meet your requirements? With so many homes on the market, there is no need to make a hurried decision that you will regret in the future.
5. Home Inspection
Acquiring the services of a professional home inspector can save you thousands of dollars in the long-run. A home inspector will evaluate the home and reveal any repairs or damages that need to be fixed. Being aware of any structural damage to the home before closing will prevent you from being liable for any repairs in the future.
REASONS TO BUY NOW
There are deals on properties everywhere. It’s not uncommon to find your dream home at a GREAT price!
2. Amazing Neighborhoods
The perfect neighborhood is waiting for your. There is an abundance of properties in great locations waiting for you!
3. Flexible Sellers
Many sellers are willing to take the extra step to sell their home. With the help of a good agent, you can easily lock in a terrific offer.
4. Great Investments
With the recent economic downturn, there are undervalued properties everywhere! This could be a good opportunity to build on your investment portfolio.
5. Low Mortgage Payments
Mortgage rates have never been lower! Act now before you see interest rates spike once again.