Home buying doesn’t have to be a scary, overwhelming process.
As long as you are willing to take the time to do your research, you will find that home buying is actually pretty easy to understand.
Step 1. Find a Realtor
Hiring the right Realtor is the difference between sheer happiness in your purchasing decision and a catastrophe. Take your time finding the right Realtor who has the driving motivation to help you get the house that you want, and who is knowledgeable enough to know about the law to prevent anything from falling through the cracks.
Step 2: Talk to lenders
A lender will help you establish your financial boundaries. Once you know that, you can target your home buying search within those boundaries. Gathering the proper documents together can speed up the process.
Step 3: Learn the process
Reign in your excitement about the thought of buying a home and put your emotions in check. Many terrible horror stories begin with a buyer making emotional choices instead of using logic and common sense.
Step 4: Search homes with your Realtor
At this point, you are ready to look for homes online. This will give you an indication of what is currently on the market.
Step 5: Preview of homes in person
Make a features checklist of all the things you want in your ideal home. Take a copy with you when you go to look at homes. Check off every feature available. What do you like and dislike about the home? Are there any features not available that are deal breakers?
Step 6: Write an offer
Your real estate agent will guide you through the facts about the market. From there, you will make the decision about what price you want to offer for the home. Then your agent will help you prepare the offer.
Step 7: Final walk-through with your Realtor
Your real estate agent will schedule a final walk through on the day of closing. A final walk through is going to ensure that nothing was left unaddressed or could create problems after closing. Identify as many of these issues upfront so that you are not left holding the bag. Once the deal is signed, it may be too late to go back.
Step 8: Closing
This process usually takes one to two hours and your real estate agent will be there with you every step of the way. Time to break out the champagne and take selfies! The only thing left to do is to record the deed and move into your new home.