Buying A Home? Here are some basic steps...
1
Step
Get PreApproved Before You Begin House Hunting
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Find out how much of a mortgage you can qualify for.
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Find out in detail how much money you'll need for down payment and closing costs.
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Strengthen your bargaining position with sellers.
2
Step
Choose a Real Estate Agent You Can Trust
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Ask your mortgage lender to recommend agents they work with on a regular basis.
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Only work with an experienced professional who knows the market, will listen to your needs and knows how to negotiate effectively on your behalf.
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Ask for references from family and friends.
3
Step
Find The Right Home
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Determine the needs of you and your family.
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Create a of list of "wants" and "must have" features you are looking for in a home. Schools and distance to work are usually a top priority.
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Take notes as you preview homes or pictures if allowed.
4
Step
Make An Offer
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Your real estate agent will get your offer presented to the seller, who will accept it as is, make a counter offer on price or other condition or reject it.
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When the price and terms have been agreed upon, you and the seller will sign the Purchase Agreement, defining the terms of the sale.
5
Step
Have The Home Inspected
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Hire a professional home inspector after the offer has been accepted to provide an in-depth look at the basic systems of the house, to reveal any safety hazards, major defects or substantial updates that may be needed.
6
Step
An Appraisal is Ordered
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An appraisal is a formal report of the home’s current market value and may be required for your lender if you have less than 20% down payment on a purchase.
7
Step
Title Insurance is Ordered
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This guarantees that the property you are purchasing is free of liens or discrepancies in rights of ownership.
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The policy insures against any losses to the property that result from defects on the title or deed.
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The Title Company will prepare all the final documents where you will meet with the sellers to sign everything and "close" the deal.
8
Step
Close on the Property
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Ownership of the property is transferred.
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The closing agent coordinates and distributes all the paperwork and funds.
Get In Touch
If you have questions or need more information to purchase a property or refinance, get in touch anytime and I'll be more than happy to help!