LET'S FIND YOU THE HOME OF YOUR DREAMS

What kind of home are you looking for?

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A BRIEF OVERVIEW OF THE HOMEBUYING PROCESS

Real Estate Agent

STEP 1

FIND AN AGENT

Find a real estate agent that is familiar with the area(s) you are looking to purchase. Explain to the agent what type of home you want to buy, discuss your wants/needs. 

Data on a Touch Pad

STEP 2

GET PRE-APPROVED

Before you start looking for homes it is always a good idea to see how much buying power you have; in other words, how much the house you can afford. Your agent can refer you to his/her preferred lender. The lender will look at your credit, income, debt, etc. Make sure you provide the proper documentation the lender asks of you. 

White Brick House

STEP 3

HOUSE HUNTING

Now the search begins! Based on the criteria you discussed with your real estate agent, your agent will constantly search the market for homes that might fit your needs.  Remember to look for homes within the price range you qualify for.

Writing on Tablet

STEP 4

MAKE AN OFFER

Once you've identified "the one", you would then submit an offer. Your real estate agent will assess the market and guide you through making the best offer to buy the home you've long been waiting for. 

Two Men Shaking Hands

STEP 5

NEGOTIATIONS

Submitting an offer doesn't always mean the seller will accept it. Depending on your offer, the seller might want certain terms ie. a quick closing, a longer closing period, etc. Your agent will negotiate the best terms on your behalf to make sure you get the best deal possible.

Heater Maintenance

STEP 6

INSPECTION

Though not required, it is recommended to hire a professional inspector to inspect the interior and exterior of the home. The inspector looks at the structure and components of the home to make sure they're safe and in operating condition. The inspector would notify you of any immediate or potential problems that might need to be rectified.

Plumber at Work

STEP 7

REQUEST REPAIRS IF ANY

There is no such thing as a perfect home. Though some homes might have fewer issues that show up on an inspection report, every inspection is going to yield a few items worth mentioning. If there is a major problem or defect in the home, you can always request the seller to fix it or you can ask for closing credits for the amount it will cost to fix the problem.  The seller isn't required to do either but hopefully, both parties can agree to something that works best to solve the issue at hand.

Modern Villa

STEP 8

APPRAISAL & TITLE

Once the home is inspected and no major defects were found, the lender would then order an appraisal. An appraisal is an unbiased professional opinion of the value of the home. The reason a lender requires an appraisal is that lenders want to make sure that the buyers are not overborrowing since the home will be used as collateral for the mortgage.  

Schedule

STEP 9

SCHEDULE CLOSING 

Assuming the property appraises for the amount you offered, the lender would then underwrite the loan. At this point, you would be in constant correspondence with your lender. Once your loan is approved, a closing date is scheduled and your lender would provide you with an estimated amount of money you would need to bring to the closing table.

Plumber at Work

STEP 10

FINAL WALKTHROUGH

The final walkthrough is to ensure the agreed-upon repairs have been completed and that no new issues have come to light. It's usually done a couple of days before closing and after the sellers have moved out. The final walkthrough is completed by you and your agent.  

Signing a Contract

STEP 11

CLOSING

This is the final step before the home is finally yours. Make sure your hand is well-rested since you will be signing a plethora of documents to legally transfer the property over to you. Your attorney will be present and will go over every document you sign.

Keys To The New Place

STEP 12

RECIEVE KEYS

Congratulations! You are officially a homeowner. After all of the hard work, it is now time to enjoy the fruits of your labor.

QUESTIONS ABOUT THE HOME BUYING PROCESS?

CALL ME

630-659-7575