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BUYERS GUIDE

Providing Everything You Need To Know Step By Step In 1o Points!

1. Do Your Research

Identify your list of “musts” and “wants.” This list is an inventory of priorities for your search. And there’s so much to decide: Price, housing type, neighborhood, location, school districts, etc. If you have a partner be sure to make this list with them to stay on the same page.

2.  Find A Real Estate Agent

You want to be represented by someone you can trust and holds your best interest while making the smartest moves on your behalf through your home buying journey. Note it's always great to have a agent with a good team who can provide multiple recourses.  That way you won't have to reach out for new sources for pools, renovations, furniture etc. 

3. Choose Your Lender

Ask your agent for at least three of their recommended mortgage lenders that meet your financial needs and status quo. This is a HUGE step as you’ll be working with your lender closely throughout the home-buying process. Your lender will check your credit, verify your assets, and liabilities in order to calculate your debt-to-income ratio. They will then give you loan options that'll fit best for you.

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4. Choose Your Loan

( IT'S NOT SCARY LIKE YOU THINK)

It's important to know how much you want to put down in order to estimate what you would like your monthly payments to be. You’ll provide the lender with paperwork showing proof of income, employment status, and other important financials. If all goes well you’ll be pre-approved for a loan amount to know what price point to stay when looking for your new home. Getting pre- approved is always the best way to stay completive against other buyer competition.

5. Go Shopping

Once you have been Pre-Approved your agent will provide you listings with your price range, Features, needs, wants, schools, and desired locations. This is the time to attend open houses and private showing. You see cool features you never thought of and may even get some ideas.

6. Make A Offer

Once you find the home you want to buy, you’ll work with your agent to craft an offer that not only specifies the price you’re willing to pay but also the proposed settlement date and contingencies — other conditions that must be agreed upon by both parties, such as giving you the ability to do a home inspection and request repairs

7. Negotiate, Negotiate, Negotiate!!!

Some home sellers simply accept the best offer they receive, on the other hand some sellers make a counteroffer. If this happens, it’s up to you to decide whether you want your agent to negotiate with the seller or walk away. Your agent can provide real value by using their expert negotiating skills (seller concessions, HOA Fees, home warranty) to get you the best deal. 

8. Get Home Inspection

When your offer is accepted, then you’ll sign a contract. Most sales contracts include a home inspection contingency, which means you’ll hire a licensed home inspector to inspect the home for repairs, and then ask the seller to have those repairs made. This mitigates your risk of buying a house that has major issues that could be hazardous to your investment or health, like mold or cracks in the foundation.

9. Get Appraisal

A professional appraiser from your lender will visit your dream home and make sure you are paying the accurate home value. Your lender will also need to know if the property value is estimated correctly to cover the mortgage in case any defaults that could potentially occur.

10. Close On Your New Home!!!

The last stage of the home-buying process is settlement, or closing. These cost may also be negotiable. This is when you sign the final ownership and insurance paperwork to make this whole process official. Last but not least snatch up those keys and call your movers ASAP because your officially a home owner!

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