Get Your Buyer's Guide
Whether you're just starting your search or ready to make an offer, get the insights and guidance you need to buy with confidence.
Whether you're just starting your search or ready to make an offer, get the insights and guidance you need to buy with confidence.
There are 10 key steps that are taken when it comes to buying a new home. I will help guide you through each of the stages and explain each of the processes we will take. Below are the steps we will cover in this home buyer guide.
Buying a home is no small feat, and it’s one of the biggest financial decisions of your life. When you’re ready to buy, finding a real estate agent with the experience to guide you through the home-buying process is key. Your agent will be working with your best interests in mind.
Mortgage lenders recommend you do not stretch yourself beyond buying a home that is more than 3 to 5 times your annual household income. If you are not purchasing a home with cash, you will need a mortgage pre-approval provided by your mortgage lender. A lender will work with you to get a loan that meets your needs. Some buyers are concerned with keeping their monthly payments as low as possible, others want to make sure their monthly payments never increase.
If you’re ready to make your dream of owning a home a reality, you’ve probably already heard that you should consider getting preapproved for a mortgage. It’s time to understand exactly what that means and how it might help you.
Time to start house shopping! We will take notes on all the homes we visit. It can be hard to remember all the details of each home, so take pictures or videos to help you remember each home, and review the notes you have written.
Once we have found the house for you, we will present an appropriate offer based on recent sales and current buyer activity in the area.
So you've found your perfect house congrats! The next stage is making a competitive offer. Demand for homes is at a high, so the competition is higher! This makes it important to act fast.
How Much to Offer
I will look at recent sales and current buyer activity in the area, as well as the value of the property in its current condition. Using this I can determine the best price that you would like to offer.
During the inspection period, we will schedule an inspection with a reputable home inspector to do a thorough investigation of the home. Once this is complete, the inspector will provide us with a list of the findings.
A home inspection can help identify deficiencies in a home you're considering purchasing. If the inspection reveals problems or repairs are needed, you may be able to negotiate with the seller to fix those issues.
Issues typically arise after the home inspection, and those issues tend to result in another round of negotiations for credits or fixtures. If you are working with a real estate agent they should handle the negotiations on your behalf
When your home is under contract, you can't move forward with the sale until an appraisal is done on your home. The outcome can affect whether or not you make it to closing and the price of the offer is the price you will end up with on settlement day.
After Signing
4 Weeks Until Move
2 Weeks Until Move
1 Week Until move
Closing is when you sign ownership and insurance paperwork and you receive your new home keys! Typically, closing takes four to six weeks. During this time, purchase funds are held in escrow, where your money is held safe until the transaction is complete.
