THE 7 STEPS TO
BUYING A HOUSE
Navigate the home-buying process with confidence! From finding a qualified real estate professional and securing financial pre-approval to viewing properties, making an offer, and closing, each step is essential in making your dream home a reality. With expert guidance and a clear roadmap, you’ll be prepared to make informed decisions every step of the way. Let us help you build the right team to ensure a smooth and successful journey to homeownership
Find a licensed Real Estate Professional in your area to work with. Don't be afraid to interview more than one! Learn about the market you are currently in. The housing market changes weekly and it is important to educate yourself with what kind of market you are working with. Build your team that will help you through the process. Having the right people by your side can help you achieve success!
01 Work with a Qualified Real Estate Professional
02 Obtain Financial Pre Approval
One of the biggest mistakes a home buyer can make is not getting pre-qualified or pre-approved for a loan with a local lender. Based on your information and the credit report, a lender can issue you a pre-qualification letter. A pre-approved loan is one in which you and the lender have gone through all of the documentation, and a full credit report is ordered.
It's time to start viewing homes! Once you have obtained pre-approval and have determined your affordable price range, you can begin to view available homes on the market. Once you’ve found a home that piques your interest, contact your agent to schedule a tour. We will walk you through the home or coordinate a video tour so you can get a better understanding of the property. Through the showing, your agent will be analyzing the property, property details and ensure you have all of the information you need to make an informed decision.
03 Select and View Properties
Once you’ve found a home that you love, it is time to make an offer and negotiate. Your offer will then be presented to the seller with your pre-approval letter attached to ensure the seller you are a qualified buyer. The seller will either accept, reject, or counter the Purchase Agreement. Once a contract or counterproposal has been agreed upon, you will proceed with the property inspection and secure your mortgage as well.
04 Offer To Purchase
05 Inspect the Property and Order the Appraisal
The Purchase Agreement will have a written provision that your contract is to be contingent upon a satisfactory home inspection report. The inspection will need to be completed within an agreed upon time period. The seller is required to provide you with a Property Disclosure. The appraisal will also be ordered during this time period but this can take a few weeks to be completed.
It is the seller’s responsibility to provide you with Title Insurance within an agreed upon window of time. The title search is done by a Title Company, and a title commitment will be provided to you. If there are any judgments, liens, or recorded easements, they will show up on the title commitment. Home owners insurance must also be obtained before you close on your new home.
06 Title Insurance and Homeowners Insurancel
The closing is the process by which the title to your new home will be transferred to you, homeowners’ insurance will be verified, the terms of the mortgage will be finalized,
and the keys to the new house will be given to you once both parties have signed all required documents.