The Home Buying Process: An Overview
When you want to buy a home, you are faced with many decisions. The first is whether you are actually ready to buy a house. Finding the right home is not always easy, and getting a mortgage loan can be complicated and time consuming. However, once you have made the decision to put forth the effort necessary to obtain your home purchasing goal, the rewards are undeniable.
Where Do I Start?
The first step to buying a home is to first ask yourself why you want to buy a home: To stop paying rent? To start building equity? To have a place of your own? To raise a family? To entertain business associates? To move up to a bigger house? Next, list what kind of home you'd like and where you would like to be. Be specific. Separate the "must haves" from the "want to haves".
Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (city, suburban neighborhood, country); community (north, south, east, west); neighborhood (older and settled or sparkling new); a particular school zone; recreational facilities; and other community services such as transportation, daycare, library, stores, entertainment. Ask yourself how many minutes you are willing to commute to work.
Think about home styles. How much space do you need? Does your situation require a one-level home, or are stairs acceptable? Consider size and kind of property. Do you want a newer home, or maybe an older one to fix up? Someday your heirs will want to sell. Consider how long you expect to live in this particular home.
Once you have addressed these needs, the first step in the purchasing process is to get pre-qualified with a mortgage company. This can be done over the phone in a matter of minutes. Call us and we will refer you to a mortgage professional who has an excellent reputation and track record for successfully acquiring loan approval for their clients. Once you've been pre-qualified and know what price range you want to stay in, call us back and we will set up an appointment for you to come into the office to re-examine your needs, determine which properties fit these needs and schedule showings to view the homes.
There is much more to consider, too!
There is much more to this Buyer's Guide as well. Such as, Is PreQualification Really Necessary, How Can A Realtor Help Me, and best practices for beginning the home search. There's also a section that explains the written offer, counter offers, the loan process, and lots of other information.
If you'd like a FREE copy of the complete Home Buyer's Guide, contact us today and I'll email you the PDF version of the entire guide.
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