Thinking of buying a home but hesitant to start the process? While it’s an unknown road to begin for every first-time homeowner, it doesn’t have to be treacherous.
Here’s a helpful guide to the home buying process, taking you on the journey in a short and simplified manner:
- Do pre-home search prep:
- figure out if you are financially ready to buy a home by getting a credit report
- figuring out how much you can afford
- getting pre-approved for a loan, and
- checking current home prices
- Start the home search:
- find a real estate agent (give me, Renee West, a call to see how I can help!)
- view listings online and in-person
- research neighborhoods (what’s important to you — schools? Walkability? Let me help!), and
- talk to neighbors once you’ve found a potential living
- Make an offer:
- have your agent research any liens and unpaid property taxes about the home before making an offer
- figure out your offer price
- determine your contingencies, and
- finally make your purchase offer
- Your offer was accepted!:
- hire a home inspector
- get the home appraised
- review and sign required transaction paperwork
- make purchase funds available
- complete final verification of property condition, and
- sign closing and mortgage documents
- Congrats on your home!
Contact Renee West or your real estate agent for more information and advice on the home buying process!
Information and infographic from Market Leader.