Steps To The Home Buying Process
Purchasing a home is exciting but can be a complicated and stressful process. Having the right real estate agent and knowing what to expect can reduce some of that anxiety and help you confidently find your way to your new home.
To help, here’s a step-by-step guide to the home-buying process.
1. Meet with a ►Real Estate Agent
• Select and work with only one agent
• Have the agent define and explain the buying process
• Help your agent get to know you, your needs & lifestyle
• If you’re considering new construction, let your agent know so they can help
2. Establish ►Price Range and Financing
• Meet with your lender to determine the amount you can borrow and
obtain a pre-approval letter
3. Start ►House Hunting
• Define what your needs are (size, bedrooms, location)
• Your agent will set up a search in the MLS to notify you when homes
come on the market with your parameters.
• Your agent will set up showings
• If you find a home that feels right, make a decision sooner rather than
later. Too often, buyers miss out on the house they want because they
waited too long.
4. Complete ►the Purchase Agreement
• Your agent will advise you during this process. You ultimately make the
final decisions on the elements of the agreement
• The goal is to reach an agreement and purchase the home.
• Read and understand the details of your purchase agreement
- Earnest money
- Personal property and fixtures
- Time: inspection period, financing contingencies, closing & possession dates
- Financing Terms
- Any additional conditions
5. Present and Negotiate ►the Offer to Purchase
6. Close ►the Sale
- Work with your agent and lender to provide all necessary items.
- Pay the balance of down payment and closing costs
- Receive the keys to your NEW HOME!