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THE HOME BUYING PROCESS
1. Budget and Needs:
· Assess your finances to determine how much you are willing to spend.
· Determine your needs and preferences in terms
- Location
- Size
- Amenities
- Style
- # of room(s) / bath(s) / garage and etc
2. Get Pre-Approved for a Mortgage:
· Contact lenders to get pre-approved for a mortgage, which will give you an idea of how much you can borrow.
· Contact me and I can connect you with a Loan Officer
3. Find Real Estate Agent Representation:
· Hire a qualified real estate agent who specializes in the local market.
· Your agent will help you find properties that meet your criteria, schedule viewings, and negotiate offers on your behalf.
4. Becoming an educated buyer:
· Browse listings online, attend open houses, and work with your agent to identify potential properties.
· Take note of their features and asking prices.
5. Make an Offer:
· Once you find the perfect home, your agent will help you submit an offer to the seller.
· The offer will include details such as
- Purchase Prices
- Earnest money deposit
- Contingencies
- Proposed closing date
6. Negotiate Terms:
· The seller may accept, reject, or counter your offer.
· Your agent will negotiate with the seller's agent to reach mutually agreeable terms.
· Inspections - After the seller accepts your offer, schedule a home inspection to evaluate the condition of the property.
7. Preparing to Move:
· Finalize your mortgage application and provide any additional documentation requested by your lender.
· Your lender will conduct an appraisal of the property to ensure it's worth the agreed-upon purchase price.
· Review and sign all necessary paperwork, including the purchase agreement, mortgage documents, and closing disclosures.
· Pay closing costs, which may include lender fees, attorney fees, title insurance, and property taxes.
· Once all documents are signed and funds are transferred, you'll receive the keys to your new home.
· Coordinate with movers, transfer utilities, and update your address with relevant parties.
9. Move In:
· Enjoy your new home!
Throughout the buying process, your real estate agent will provide guidance and support to ensure a smooth and successful transaction.
