home buying process

Find the Perfect Home for You & Your Family

Buying real estate can be an exciting time, but there are important steps that are involved for a successful transaction. I have compiled a list for you so that you are best prepared. Take these steps into consideration to foster a smooth process. 

1. Partnering with your Realtor

   Working with your Realtor from the beginning is a great way for you to gain local insight on the communities and understand the different neighborhoods as inventory becomes available. As your trusted real estate advisor, I will work with you to determine what is on your wish list in finding your dream home in the neighborhood that you most desire. 

2. Pre- Approval from a Lender

   Selecting a lender is one of the first things that you will want to do. They will help you understand what is in your budget and  determine your monthly mortgage payment. Part of this process means checking your credit score, understanding your debt to income ratio, as well as learning what type of down payment you have saved. The end result is having a pre-approval for a specific purchase price on a home. This pre-approval letter is very important as it will accompany your offer on a house.

3. Finding Your New Home & Make an Offer

   Searching for your new home should be fun. It is a time to learn about the different neighborhoods and their unique amenities. Consider things like your work commute as well as the convenience of services in the area that are important to you. Decide on your dream home and your Realtor will work with you to craft a strong offer to submit on your behalf along with your pre-approval letter from your lender.

4. Home Inspection

   Performing a home inspection is an essential way for having a better understanding of what the home may need in repairs. Not only does a professional inspector know exactly what to look for with regard to current conditions, but this information can also aid you best in budgeting for any future expenses. Should any larger repairs be needed, this can sometimes spur further negotiation with the seller. 

5. Legal Documents and Lender Paperwork

   After your home inspection has been successfully completed, your trusted real estate attorney will review the Purchase and Sale Agreement also commonly referred to as the “P & S.” This contract identifies all terms of your offer including any and all- important dates and will be accompanied with your down payment which can typically be 5% of the purchase price. You will work closely with your lender finalizing all of your loan paperwork to make sure you are on time to get your final loan commitment form the lender. 

6. The Closing

   The exciting day has arrived! Prior to going to the closing, you will have the opportunity to do your final walk-through of the property. At the closing you will sign all necessary documents to complete the purchase and the new deed will be recorded at the registry. Congratulations, you are the proud new homeowners and can begin moving in!