Want to Buy a Home?
Below are tips and questions to ask when going through the buying process.
Figuring Out Your Must-Haves
Buying 101
1. Partner with an Agent
2. Get Pre-Approved for a Loan
2. Get Pre-Approved for a Loan
Absorb their insight
Get to know neighborhood inventory levels
See what's about to hit the market
Gain access to off-market properties
Review market averages
Complete needs assessment
2. Get Pre-Approved for a Loan
2. Get Pre-Approved for a Loan
2. Get Pre-Approved for a Loan
Understand what you can afford
Determine your monthly mortgage payment
Understand your debt ratio
Prepare for escrow
Obtain a pre-approval letter
3. Find Your New Home
2. Get Pre-Approved for a Loan
4. Make Your Offer and Negotiate Terms
Compare home and neighborhood averages
Narrow down the neighborhoods you want to live in
Search homes and save favorites
Nix homes that don't hit the mark
Schedule home tours with your agent
Decide on your dream home
4. Make Your Offer and Negotiate Terms
4. Make Your Offer and Negotiate Terms
4. Make Your Offer and Negotiate Terms
Review contract terms and time limit for offer
Negotiate purchase price
Shop home insurance options
Prepare for down payment, earnest money
Choose a target closing date
Sign and submit the offer
5. Under Contract
4. Make Your Offer and Negotiate Terms
6. Before You Close
Secure a home loan (*more details to follow)
Acquire home insurance and send proof to your lender.
Request a list of what conveys with the property
Schedule home inspection and negotiate repairs
Acquire a property disclosure from the seller
Order an appraisal
Conduct a title search
Schedule your closing
Solidify move-in dates
Certify funds for closing
Stay in close contact with your agent, lender, and title company
6. Before You Close
4. Make Your Offer and Negotiate Terms
6. Before You Close
Transfer funds for closing
Reserve a moving company and set a moving date
Change your address through USPS, your bank, etc
Set up your utilities to be activated or transferred
Confirm that all contingencies are resolved
Schedule the final property walk-through
Designate a safe, dedicated space to save your final
paperwork
Stay in close contact with your agent, lender, and title company
7. Closing Day- What to Bring
7. Closing Day- What to Bring
7. Closing Day- What to Bring
Connect with your lender to wire down payment funds
Your payment will include closing costs and down payment
Bring a printed confirmation of your wire transfer
Government-issued Photo ID(s)
Social Security numbers
Home addresses from the last 10 years
Proof of homeowner's insurance
Your checkbook
8. Closing Day
7. Closing Day- What to Bring
7. Closing Day- What to Bring
Sign closing disclosure, and all other documents
Title transfer
Deed delivery
Save paperwork in a pre-designated spot
Get your keys - congrats, it's all yours!
Your passion is waiting for your courage to catch up.
Isabelle Lafleche
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