Knowing what you’re in for as you’re about to search for a new home will put you at an advantage as you go from one step to the next. Here’s what the process will look like.
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Purchasing a home is a vastly important decision, so knowing every facet of the process beforehand will serve you well. Here’s what you can expect along the way.
The first step to the home buying process is to get pre-qualified with a lender. Pre-qualification will help you start the process on the right foot: You’ll know what you qualify for, what your price range is, and what your payments will look like. In the eyes of a seller, a pre-qualification shows you went the extra mile to make sure you were qualified to buy a home.
Once this is accomplished, we’ll start searching for the home. As your real estate professional, I’ll search high and low for homes online and show you the ones that line up with your criteria. I or another qualified professional can provide you with the most up-to-date information regarding your home search and market conditions.
Thirdly, once you’ve found a home that’s to your liking, we’ll make an offer on the home. By expertly negotiating with the seller on your behalf, your Realtor should be able to ensure that you’re not paying too much and that you buy for the best possible price.
"Everyone will collaborate together to get you into your new home, you’ll sign closing documents, and the house will officially become yours!"
You’ll then go under contract. This part of the process is comprised of dropping off earnest money, starting title, and other mechanisms that will begin to set the purchase of the home in motion.
Next, it’s time to go into inspection to make sure all major items in the home are in working order. If an inspector alerts us to problems with, say, the roof or plumbing, we’ll hire a roofer or plumber to examine each respective issue. Uncovering any issues that might not be immediately apparent in the home through the inspection is such a critical piece of the buying process. In the event that repairs are needed, you, as the buyer, will have negotiating power. My goal, however, is to get you the best home possible straight from the outset.
After inspections are finalized, we’ll get an appraisal on the property. Here, an appraiser will come to the property to guarantee that, based on comparables in the last year, the property’s value is congruent with your agreed-upon purchase price.
As you near the end of the process, you’ll get a survey done to verify the lot line, make sure the property is situated where it’s supposed to be, and verify that no part of the home has been built on a neighbor’s property.
Homeownership is now only a step away: You’ll close on the home. Everyone will collaborate together to get you into your new home, you’ll sign closing documents, and the house will officially become yours!
If you have any questions about the home buying process or you have any other real estate needs, don't hesitate to reach out to me. I'd love to help you.