Century 21 – Blackwell & Co.

Home Buying

Whether you are a first-time homebuyer or seasoned investor, purchasing a home is a complex and very involved process. What can seem to be a daunting task, doesn’t have to be. By following these steps, you can make the process as smooth and stress-free as possible:

1.  Get pre-approved for a mortgage

Before you start looking at homes, it’s important to get pre-approved for a mortgage. This will give you an idea of how much you can afford to spend and will make it easier to make an offer on a home. Most sellers will prefer that you have a pre-approval letter to ensure you can afford the home, prior to making an offer. Be sure to prepare a budget going forward. Contact https://www.scmortgageoptions.com/ to find out how much you qualify for!

2.  Find a real estate agent

A good real estate agent is invaluable in the home buying process. They can help you find homes that meet your needs and budget, negotiate on your behalf, and guide you through the entire process. By working with me, you will get education on the house hunting process, informative market statistics, and a FREE Home Buying Guide. I will communicate every step of the way and make sure you are educated and well versed in the transaction process, so you can be comfortable moving forward with purchasing your dream home.

3.  Start looking at homes

Once you’ve found a real estate agent, you can start looking at homes. It’s important to be prepared when you go to see homes. This means having your pre-approval letter in hand and knowing what you’re looking for in a home. It is always a good idea to tour the house and surrounding area, at different times of the day. This will give you a better idea of commute times to work. Research the neighborhood, schools, local amenities, and community resources. Check out my community page for additional information.

4.  Make an offer

Once you’ve found a home that you love, it’s time to make an offer. Your real estate agent can help you write an offer that’s fair to both you and the seller. If your offer is lower than the list price, the seller will likely return with a counter-offer price, which you can choose to accept, reject, or make another offer. An agreement is secured with an earnest money (good faith) deposit. As your REALTOR ®, I will assist you with performing a CMA (Comparative Markey Analysis) and determining the value of the property for which you want to buy. This will help in constructing a good price for the offer.

5.  Negotiate the offer

The seller may not accept your offer as-is. In this case, you’ll need to negotiate with the seller to reach an agreement. Your real estate agent can help you with this process. Negotiation is an art. With me as your REALTOR ®, you will receive advice on what to negotiate, based on current market trends.

6.  Get the home inspected

Once you’ve reached an agreement with the seller, it’s time to get the home inspected. This will help you identify any potential problems with the home. Although terms may vary, you will have a limited timeframe per your agreement to perform inspections and survey the property.

7.  Close on the home

Once the inspection is complete and you’re satisfied with the results, it’s time to close on the home. A final walk-through of the property is performed just prior to closing. This will confirm that no damage has been done to the home since the time of the inspection, and that the major systems and appliances are in working order, and that any inspection items have previously been addressed. Once all the conditions of the contract have been satisfied, the closing is held. The closing documents are signed, payment is exchanged, and you will receive the keys to your new home!

The home buying process can be long and complicated, but it’s also an exciting time. By following these steps, you can make the process as smooth and stress-free as possible.

Here are some additional tips for buying a home:

  • Do your research. Before you start looking at homes, it’s important to do your research and learn as much as you can about the home buying process. This will help you make informed decisions and avoid surprises.
  • Be prepared to compromise. When you’re buying a home, it’s important to be prepared to compromise. You may not be able to find a home that has everything you want, but you can find a home that meets your needs.
  • Don’t rush into anything. Buying a home is a big decision, so don’t rush into anything. Take your time and make sure you’re making the right decision for you and your family.   

 

Check out my blog for further tips and information regarding buying a home.

Interested in learning more about buying a home? Contact me for my FREE Home Buying Guide!