You have made the decision that you want to buy a home …
Here is a basic guide to help you get started.
READY? It doesn’t matter is you are a first time home buyer or an experienced one, buying a house is a large financial and emotional decision that requires the expertise and support of a team of reliable real estate professionals that are in your court.
HIRE A REALTOR®. In the maze of forms, financing, inspections, disclosures, marketing, pricing and negotiating, it only makes sense to work with professionals who know the local community and much more.
GET PREAPPROVED. Most first-time buyers will obtain a loan and finance their home purchase, and a consultation with an experienced mortgage lender is a crucial step in the process. Find out how much you can afford before you begin your home search.
HOUSE HUNTING. Search for your next home on our website and view everything that is currently listed for sale. We know the local markets and once we get to know your wants and needs we will be able to provide you with the information to help you narrow down your choices decide which home is best.
CHOOSE A HOME. While no one can know for sure what will happen to housing values, if you choose to buy a home that meets your needs and priorities, you’ll be happy living in it for years to come.
FUNDING. The cost of financing your home purchase is usually greater than the price of the home itself (after interest, closing costs and taxes are added). Get as much information as possible regarding your mortgage options and other costs.
MAKE AN OFFER. While much attention is paid to the asking price of a home, a proposal to buy includes both the price and terms. In some cases, terms can represent thousands of dollars in additional value – or additional costs – for buyers.
HOME INSURANCE. We would not recommend someone own a car without car insurance, we believe no homeowner should be without home insurance, either. Home insurance protects owners in the event of catastrophe. If something goes wrong, home insurance can be the bargain of a lifetime.
CLOSING. The closing process, which in different parts of the country is also known as “settlement” or “escrow”, is increasingly computerized and automated. In practice, closings bring together a variety of parties who are part of the real estate transaction.
Source: Realtor.com
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