Buying a home is an exhilarating and exciting experience. But, it can also be daunting and stressful. Excellent planning, expectation management, and a great Real Estate Agent can make the experience an enjoyable one. Read below for the 6 steps to buying a house!
Step 1: Decide on a timeline – when do you want to move? Do you have a lease in place or a home to sell? That will drive every other step!
Step 2: Decide on a budget and get pre-approved by a mortgage lender. Be sure to include real estate property taxes, home owners insurance, private mortgage insurance, and maintenance costs into your monthly budget! In a fast moving market like this, being pre approved is critical. That way you will know how much house you can afford and that the transaction will likely close. It’s a KEY step and most home sellers require it!
Step 3: Make your house hunting list! Break it down into 3 categories: What you NEED to have. What you would LIKE to have. What you DO NOT want to have.
Step 4: Pick out a Real Estate Agent. It doesn’t matter if you pick someone who sells 100 houses per year or 5. Pick someone who you feel comfortable with and will have your best interests in mind. It is best to pick someone who is familiar with your intended market, too. Give your Agent your budget and list of homes and you can get boots on ground and look at homes!
Step 5: Go tour homes! This is the fun part! Schedule a few showings with your Agent and go drive by them before hand to ensure you would want to live there. If you immediately know that you don’t see yourself buying that home, cross it off the list. It’s best to tour a few homes each day, so you don’t burn yourselves out or overwhelm the kids! Target those homes that you really like from what you’ve seen online.
Step 6: Write an offer on your dream home and get it accepted! Once you have an accepted offer, inspections need to be completed, your mortgage will go through underwriting, and you will work towards closing on your future home, all of which your Agent can help guide you through. At the end of this road lie the keys to your home!
Call me today at 715-529-0239 or email me at firstname.lastname@example.org to begin your home buying adventure!