“ An agent
who won't take thirty minutes of their time
to help you
understand what to expect when
you're buying a home, even if you are not retaining
their services, should be avoided.”
Step 1. Get Your Finances in Order -
Order your credit reports and dispute any errors.
make any large purchases 6 months prior to speaking
with a lender.
Step 2. Get Familiar with the Mortgage
Industry - Finding the right loan and lender is crucial
to your home buying success. If you have any
at all, please contact my team member Amy Adamaitis here.
Step 3. Get Pre-Approved for a Mortgage - Pre-approval
helps you in many ways. Consider this scenario.
A home seller gets two similar
a letter accompanies one from the buyer's bank
that states she is pre-approved for a mortgage
in the amount of the offer. The other has no
supporting documents. Which offer do you think
will consider first? Do you know how much house
you can afford? Probably not, until you've talked
with a lender.
Step 4. Determine Your Wants and Needs - Buying
a home isn't as difficult as you might think,
even if you're short on funds, but the
will go a lot smoother if you get familiar with
your real estate market and narrow down your
wants and needs before you start looking at houses.
helps to get together and make lists of wants;
a pool, large yard, etc. and your needs; at least
2 bathrooms and 2 bedrooms for the kids.
Step 5. Learn to Work with Real Estate
Agents - Real estate agents represent buyers, sellers,
It's essential to understand agent duties
and loyalties before you make that first phone
call. Be sure that it is someone who will make
themselves available for any questions or concerns
that you may have.
Step 6. Start Searching for a Home -This is the
fun part. Your agent should have many options
for you to tour within your search
You can also preview open houses on your own.
This is where your wants and needs come into
the possibilities begin to arise of finding your
Step 7. Make an Offer - A true real estate buyer’s
agent will help you determine the best price
and terms to offer
for a property. The agent will discuss comparable
properties and should be fully involved in offer
Step 8. Home Inspections -This is yet another
area where the expertise of your Real Estate
professional becomes very
Pests, mold, lead paint, and many other inspections
and forms will be covered to guard the client’s
interests and investment.
Step 9. Avoiding and Correcting Last
Minute Problems - As your closing date nears, everyone involved
your real estate transaction should check
on a daily basis, because staying on top of things
means you'll know immediately if there's a problem
that must be dealt with.
Step 10. Closing - Most of your home buying problems
are behind you now and you're on your way to
settlement, the event that transfers ownership
of the property to you.
Never hesitate to ask questions. Ask as many
questions as necessary to help you understand
home buying process. You are making a long-term
commitment and spending a major amount of money,
you'll feel much better about the transaction
stay informed and understand what's happening
step along the way.