Owning a Home in 8 Easy Steps
Step 1: Preparing to Buy a Home
Buying a home is one of the biggest decisions you will ever make. It’s certainly exciting and, let's face it, a little frightening. However, do not rush into buying a home. Be sure that you know all the facts and make sure to buy a home that will fit your budget and lifestyle.
Step 2: Leaving it to the Professionals
If you're looking to buy a new home, this something we strongly recommend you turn to a professional real estate agent for. They will act as a consultant and guide you through the entire process of buying a home and answer any questions you may have about the area where you are looking to move, securing financing, and much more. They can also assist you in acquiring a pre-qualified loan by showing lenders that you are committed to purchasing a home, making doing so much easier.
Step 3: Starting the Search
Before you start looking for a home, you should have a good idea of the type of home you want to buy. Hiring a real estate agent will help with this process, since they will assist you in finding a home that matches your criteria. They can also advise you on the best markets and prices for buying a home. After you've visited a few homes, you can narrow down your search, bringing you one step closer to owning your dream home.
Step 4: Finding Your Dream Home
Once you've found the ideal home, your agent will help you with the process of moving in as quickly and as smoothly as possible, this includes putting together an offer to the seller that suits your needs. Once the seller accepts the offer, the closing is typically held within 30 to 60 days.
Step 5: Negotiating a Deal
Don't get discouraged if the seller comes back with a counter offer; this is to be expected when selling a home. This is yet another reason why working with a professional real estate agent is recommended. They will determine if the counter offer is a good one and whether or not you should accept it or move on. Remember: don't let get emotions get in the way and prevent you from making a decision you'll regret later. Your agent will help to make this decision as stress-free as possible.
Step 6: Setting Up Financing
You'll be working closely with a mortgage lender during the closing period to obtain the financing you need. Your agent will also work closely with you to get the necessary information about the property the lender requires so you're that much closer to owning your home.
Step 7: Closing the Deal
When you submit your loan application, you will be presented with the estimated closing costs, along with the down payment. From there, the agent will review the closing cost estimates and provide you with an idea of how accurate it is.
Step 8: Moving in
Moving can be highly stressful, but with a bit of planning, you can ease the stress of moving day considerably. And don't think that your agent's role has ended with the sale being closed; a good agent will provide you with a list of reminders to make sure your moving experience goes as smoothly as possible.