Buying

So, you want to buy a house—now what? Buying a home is an emotional, exciting, and also exhausting experience, especially if you are doing it for the first time. You may also be wondering along the way—what am I missing? This is a common question. Here’s how the buying process works from start to finish. This is just a brief overview, see my comprehensive buyer guide and book a buyer consultation for more information!

Step 1: Define Your Goals and Budget

• Determine your priorities: What type of home are you looking for, and what features are essential?
• Calculate your budget: Consider your down payment, monthly mortgage, closing costs, and ongoing expenses.

Step 2: Hire a Knowledgeable Realtor

• Select a skilled and experienced real estate agent to represent your interests. 
• Your agent will help you find suitable properties, negotiate offers, and guide you through the entire process.

Step 3: Get Pre-Approved with a Lender

• Contact a reputable lender to assess your financial situation and get pre-approved. Shop around for the best rate. A good real estate agent can direct you to their preferred lenders.
• Knowing your budget in advance helps you narrow down your search, keeps you from wasting time viewing homes you cannot afford, and gives you an advantage in negotiations. Often times real estate agents will not show you homes without a pre-approval.

Step 4: Start Your Search

• Explore online listings and attend open houses to get a feel for the market.
• Communicate your preferences with your realtor to receive tailored property recommendations.

Step 5: View Potential Properties

• Schedule showings with your realtor and visit properties that meet your criteria.
• Take notes and photos to compare later.

Step 6: Make an Offer

• When you find your ideal home, work with your realtor to submit a competitive offer.
• Be prepared for negotiations, and trust your agent's advice.

Step 7: Conduct a Home Inspection

• After your offer is accepted, hire a professional home inspector to assess the property's condition.
• Address any issues with the seller or renegotiate the terms if necessary.

Step 8: Secure Financing

• Finalize your mortgage application and provide any additional documentation required by your lender.
• Prepare for the appraisal process.

Step 9: Review and Sign Documents

• Carefully review all contracts, disclosures, and legal documents with your realtor and attorney.
• Sign the necessary paperwork, including your mortgage agreement.

Step 10: Close the Deal

• Attend the closing meeting to sign the final documents and transfer funds. Be prepared to pay closing costs, which can range between 1% and 5% of the purchase price.
• Receive the keys to your new home and celebrate your successful purchase!

Step 11: Move In

• Coordinate your move, transfer utilities, and settle into your new home.
• Enjoy the fruits of your hard work and investment!

Remember, the home-buying process can vary depending on your location and individual circumstances. Your realtor will be your trusted guide throughout, ensuring a smooth journey to homeownership.