Buying a home can be one of your most significant investments in life. Not only are you choosing your dwelling place, and the place in which you will bring up your family, you are most likely investing a large portion of your assets into this venture. The more prepared you are at the outset, the less overwhelming and chaotic the buying process will be. The goal of this website is to provide you with detailed information to assist you in making an intelligent and informed decision. Remember, if you have any questions about the process, we're only a phone call or email away! Buying a home can be a complicated, stressful process. But knowing what to expect can reduce some of that anxiety and help you confidently find your way to your new home.
3. So You're Pre-Approved?
It is time to Shop! By now you’ve talked things over with your agent and you both know what you really want and need in a home. Armed with this, your price range and knowledge of the local area, you are ready to find your new home! Let's go!
4. Make An Offer
Remember, the listing price is only a starting point. Here at Homeland, we understand the market and will help guide you to make the most attractive offer, whether it’s below, at or above listing price. Are there any contingencies to your offer? Will you require an inspection? These are all things we will will help you with. Once you’ve submitted the offer you get to wait. It will seem interminable. You may get neither a simple yes or no but a counteroffer to consider. It can be something of a dance. If you get a solid “no,” it’s back to the drawing board. If you get to a “yes,” celebrate!
Let's take a moment right here.....repeat after me, " I promise Homeland Realty Group that I will not apply for ANY new credit, charge anything extra to my credit cards or change jobs until AFTER I close on my house! " Got it? Good. Let's move on.
5. Inspections, Inspections, Inspections
Sure, you get to have a home inspector and/or other specialized inspectors to look over the home to make sure there are no unseen defects you want to negotiate to have fixed. But more importantly, this is the most time you’ll get to spend in your new home until closing. Go ahead and start measuring things and figuring out what goes where. This may be the last time you are inside the home until it is yours, several weeks from now.
6. Working With Your Lender
We always tell our clients, "If your lender asks you for something - for example tax forms, copy of drivers license, blood type (kidding) - get it to them... YESTERDAY! The faster you move with getting the required documentation to your lender, the faster your lender can say to you the long awaited words of "YOU ARE CLEAR TO CLOSE!"
7. Closing Day!!
You made it! By now you know what amount you have to bring to closing, we have completed the final walk through and you are armed with your drivers license (or other government issued ID) - ready to finalize the purchase of your new home! Congratulations!!