10 Steps to Buying a Home

10 Steps For Buying A Home

1. Figure out what you can comfortably afford & set a budget  If taking a loan make sure to get pre-approved before you start looking at homes. In   addition to the cost of the home figure in taxes, homeowner's association fees, insurance & utilities.

2. Put cash aside You will need to have money for down payment, application fees, closing costs, inspections, insurance & moving expenses

3. Prioritize what you want in your new home What’s most important to you? Being close to work, a good school district, a big backyard, an updated kitchen? Focus on your priorities & know what trade-offs you are willing to make.

4. Find a qualified Realtor ® An experienced area Realtor will help you find exactly what you are looking for & assist with every aspect of the home buying process. Buyer's Agents typically receive their commission from the Seller.

5. Start shopping for your new home Once you have determined your budget, the buyer’s agent you’ve chosen will be able to target homes that meet your priorities in your price range

6. Make an offer on a home Have your agent provide with you comparable area sales to determine the best offer to make. It usually takes at least 4 to 8 weeks to close on a home.

7. Get a home inspection Make sure you have a licensed Home Inspector look at the property. They should go through the entire structure  checking plumbing, all appliances, electrical, roof, air conditioning & heating etc. They should also check for termites & and any signs of mold. 

8. Get insurance for your new home If taking a loan the lender will require you to obtain home owners insurance prior to closing

9. Final walk-through The final walk thru is usually  done on the day of closing or a day to 2 prior. This to make sure that home has been left in the shape that you & the seller have agreed upon.  

10. Close Now days most closing agents will require final funds to be wired for closing. The closing agent will provide the exact amount necessary to close. This will include pro-rated taxes & homeowners association fees. At closing you will sign final documents & get your keys. Yay!

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