1- Make the Decision to Buy
Buying a home is one of the biggest decision for majority of peoples. It involves lots of playing and long term commitment. Buying a home is certainly a very exciting time, but it is important that you know all the facts, steps involve in it and making sure buying makes financial sense to fit into your lifestyle.
2- Hire a Reliable & Professional Realtor
The most important step in buying your dream home is to hire a professional, responsible and reliable realtor who always keep his client interest first. Whether you are looking to buy or sell, it is important that you get the honest, professional and updated information and advise from your realtor. Your real estate agent should act as a consultant and guide you through the entire buying process. That includes answering questions about the neighborhood, market conditions, schools, and helping you get the finance you need.
3- Start Searching
To begin the search, you should have a general idea about the type home you want. Your real estate professional will use all of their resources to find homes that fit your criteria. You agent will also be able to advise you on “hot” markets and any good deals that are available. After touring some homes, your search will be narrowed down, and you will be one step closer to finding your dream home!
5- Finding your Dream Home
After you find your dream home, your agent will begin the process to get you moved in as quickly and easily as possible. The process usually begins with putting together an offer to the seller that is tailored to your needs. After the seller accepts the offer, closing is usually held within 30-60 days from the offer date.
6- Price Negotiation
Buying a property at the lowest possible price is only possible if your realtor has an outstanding negotiation skills. It is very likely that the seller will submit a counter offer. Your realtor will assess all the comparable in terms of price, property features, neighborhood, upgrades, closing time and much more and then will advice you whether to accept the offer or to counter it.
7- Get The Mortgage
During the closing period, you will be working with your mortgage lender to obtain the financing you require. It is very important to get the mortgage that suit your need in terms of rate and mortgage type. Your agent will also be involved in this step by gathering the necessary property information that the lender requires to help you get that much closer to the end. At the time of submitting your loan application you will be presented with closing cost estimates and the expected down payment. Your agent will review the closing cost estimate and provide you with an idea of how accurate the estimate is.
Your home should be inspected with a highly qualified and experienced home inspector, who will check each and everything of your property. The structure and roofing are the most important things which should be checked with extra care. Your agent will help you find the home inspector to whom you can trust.
9- MOVE IN!
The most exciting step in the home buying process- moving day! A little bit of planning here will help ease the pressure of moving. Your agent’s work doesn’t end here. You will be provided with a checklist of reminders to help make your moving experience a delight!