The first step to buying a home is to determine your budget. You can do this by looking at your income, expenses, and other financial obligations. Consider using a mortgage affordability calculator to help you determine how much you can afford to spend on a home.
The next step is to get pre-approved for a mortgage. Knowing what you can afford is critical to a successful home shopping experience. A mortgage pre-approval will let you know how much money you can borrow and at what interest rate. This will help you determine the price range for your home search and make an offer when you find the right property.
Discuss and determine what you want and need in a home. The type of home you're looking for, including style, price, and location.
As the home buyer, our commission is paid by the seller of the home in almost all circumstances. This means your representation costs you nothing!
I have the best possible resources and communication systems available today to help you locate the homes on the market that match your specifications. You can also search my listings here at my website. I will set you up with an advance search for you to receive emails that show you homes within your desired criteria the moment they hit the market and schedule showings to help you find the perfect home.
- Make an Offer and Negotiations
I will prepare your offer based on the price and terms you choose and negotiate on your behalf. Negotiations and contract begin. Includes the purchase price, any conditions, and the closing date. The seller can accept, reject, or counter your offer, and you can negotiate until you reach an agreement.
In most cases the contract provides you with a timeline to obtain financing as well as time to get a home inspection.
Complete all necessary due diligence, schedule the appraisal, facilitate the inspection, and evaluate the terms with the lender.
During this stage, you will finalize your loan, review the pertinent documents, and address the inspection results. I will handle and coordinate the entire process on your behalf.
This is the transfer of funds and ownership. An notary or attorney typically acts as an independent third party to facilitate the closing and can guide you through this process and ensure that everything is in order.