Buying Your Dream Home
Buying a home is one of the most significant financial decisions you will make in your life.
It’s an exciting but often stressful process that requires careful consideration and planning. In this article, we’ll guide you through the home-buying process, from getting pre-approved for a mortgage to closing the deal.
1.
Find the Right Agent
2.
Get Pre-Approved
Being pre-approved, unlike being pre-qualified, means you’ve actually been approved by a lender for a specific loan amount.
3.
Start Home Shopping
Time to start shopping! We will take notes on all the homes we visit. It can be hard to remember all the details of each home, so take pictures or video to help you remember them all, and review the notes you have written.
4.
Make an Offer
So you have found THE house! Congrats! In today’s market when the demand is higher than the number of homes available it is important to act fast!
5.
Order an Inspection
During the inspection period, we will schedule an inspection with a reputable home inspector to do a thorough investigation of the home.
6.
Negotiate the Repairs
Issues typically arise after the home inspection, and those issues tend to result in another round of negotiations for credits or fixes.
7.
Appraisal Ordered
Your lender will arrange for a third party appraiser to provide an independent estimate of the value of the house you are buying.
8.
Schedule the Move
Schedule movers/moving truck, begin to buy your packing materials and start packing to move into your new home!
9.
Closing Day
Closing is when you sign ownership paperwork and you receive the keys to your new home! Typically, closing takes four to six weeks. During this time, purchase funds are held in escrow, where your money is held safe until the transaction is complete.
