Hannah Breyley
Buying a home is an exciting journey, however, many people can become easily overwhelmed. If you are not familiar with the process, having the right tools such as a knowledgeable agent, the right steps, and an open mindset, can lead you in the right direction. Our team is dedicated to walking you through each step and here we are going to go over the simple ways to get started. Knowing and understanding the home buying process can make your experience more enjoyable.
If you’ve bought a home before, you may be familiar with a pre-approval. Getting pre-approved for a mortgage is the first step you want to take when purchasing a home. This involves finding a trusted lender to provide your financial information to so they can determine how much you are able to borrow. This first step will give you a clear budget so you can then begin house hunting. A pre-approval will also show sellers that you are serious and financially capable. For more information on the pre-approval process, see our article Understanding The Pre-Approval Process.
Now that you are pre-approved and have begun house hunting, it is time to find the right agent! We cannot stress enough the importance of interviewing different agents. Finding the right agent to fit your personal needs is significant in that they can provide valuable insight into the market, help you negotiate, and most importantly, be your personal tour guide through this step-by-step process! Once you have found a trusted agent, begin touring homes and attending open houses. Have your list of deal brakers and deal makers to find a home that fits your needs. Deal breakers and makers could include location, backyard, layout, finished basement, and much more. Knowing what you want from the start will help make the hunting process smoother. Do not be afraid to send your agent home you are interested in!
So you have found that perfect home and are ready to make an offer. Begin by sitting down with your agent to discuss and determine a fair price based on market conditions and comparable properties. Once you enter into a contract, you will make note of things such as contingencies, appraisals, and inspections. Your agent can assist you through the entire closing process. On closing day, you will sign all the necessary paperwork, transfer funds, and receive the keys to your new home!
Purchasing a home is a significant milestone, whether it’s your first time or fifth. Understanding the process and having a professional who can confidently help you navigate through it will be one of the most important details. From getting pre-approved to house hunting to closing the deal, each stage will help educate you as well as bring you closer to owning your new home! To dig deeper into the home buying process and its steps, reach out to a knowledgeable agent with questions or go to www.breylist.com to find out more.