You are thinking about or have made the decision to purchase a new home. It is your first time looking for a new home and it likely brings you a bit of anxiety. It can be stressful to commit to a large, long-term purchase like a house. Preparing yourself with information may help alleviate some concern. Let?s take a look at the home buying process.
Home Search: First you need to look at homes and decide on the one that will work best for your family. What is your budget? If you don’t know how much you can spend, I can help you. What amount of space do you need? How many bedrooms and baths? What things are you not willing to live without? What would you like to have, but they are not deal breakers if the home lacks them? The search may take time. Don’t expect the first home you look through to be the right one.
Offer: When your heart is set on one home, you are ready to put in an offer. I can provide you with comparisons of recently sold homes similar to the one you are looking at so you can make an appropriate offer. Keep in mind that there is more to the offer than the money. Other parts of the offer, such as contingencies on when closing can occur or who pays for closing costs, can be as important as the price you offer to pay for the home. My expertise will help as you walk through these options.
Negotiation: Everything is negotiable including the furniture in the home. Be prepared for some back and forth between you and the current owners. There is always a little give and take in the process and it may take a few counteroffers before both parties are in agreement.
Home Inspection: The home inspection is not required, but is an important step in the process to ensure the home you are buying is in good shape. The main purpose of a home inspection is to provide you, the buyer, with information about major repairs that may be needed on the home. These things aren’t always visible.
Closing: The final step of the home buying process is the closing. The lenders will prepare the paperwork. Having a pre-approval completed prior to your search will likely make this process smoother. Be prepared to sign many papers the day of closing. Don’t worry; we will review everything to ensure that all of your questions are answered. When it is all said and done, you will have keys to your very first home.
Buying a first home is a milestone. I am excited to work with you throughout this process!