Buying a home usually represents your single biggest investment – and debt.
The home buying process may be one of the most exciting and most stressful experiences you’ll ever go through. This holds true whether you’ve bought many homes or you’re looking to buy your first, whether you’re in the market for a new primary residence, an investment property or that perfect vacation getaway. Today’s real estate market can offer more opportunities, yet can be filled with more risks than ever before. There are so many factors to consider and decisions to make, so I decided to video this step-by-step guide to help walk you through the process.
1.) Hire a Professional to Represent You
Realtors are free to the buyer 99% of the time, so hire one!
2.) Select a Lender to Work With
Hiring a Lender you are comfortable with is really important!
3.) Putting together a Wish List
The key to the home search process is knowing what you’re looking for. This means distinguishing between “must-haves” and “like-to-haves”…
4.) The Search and Viewing Houses
Usually one of the most fun parts of the process, but it can also be frustrating.
5.) Making an offer and Earnest Money
Once you’ve found the home you’d like to buy, it’s time to make an offer!
6.) Negotiations and Option Money
Once you have submitted your offer, what will the Seller choose to do?
7.) Option Period and Inspections
Once you are under contract, we have to make sure the house is in the same shape we believe it is, so we need to inspect it.
8.) The Appraisal and getting ready to close
One more major hurdle, the appraisal.
9.) Closing Time!
The day we’ve been working toward…but do you get to finally move in?