Approaching the task of buying a home, as a first time buyer, can be overwhelming. It is a complex event during which there is so much to learn and to consider.
How much can I afford? Where will the down payment come from? How much will I need and where can I find the best loan? How do I begin the look for a home, what should I expect from my Realtor and what type of home is right for me?
These questions are just the beginning. Buying a home is one of the largest financial transactions in your lifetime, yet most people know very little about it. When embarking on the path to home ownership here are two very important points to remember:
- You can and should understand everything that is happening in the home buying process
- You will need to learn some new terms, apply some new concepts and take the time to learn about purchasing a home.
We will, as your representatives, be at your side to assist you throughout the process. We will educate you, provide guidance, options and the offer the “pros & cons” for the many considerations you will encounter during the buying process.
Always remember that you are the most important person throughout the entire real estate process. It is easy to think that many others may have more expertise or clout, but the truth is that you, the buyer, are the one person in this transaction that has the control. If you decide not to buy, the entire process comes to a complete stop.
If you plan from the beginning, to approach the home buying process intelligently and with confidence, you are much more likely to buy the home you’ve always wanted, and have the confidence that the best decisions were made.
Steps To Buying A Home
Our role, as your Realtor Team and Representative:-
- Honesty, loyalty and integrity to you, our buyer from the moment we begin working with you
- Define your needs and strategize a plan to accomplish your goals
- Qualify properties based on your needs saving you endless hours of web search and open houses
- Search additional opportunities that you may have not considered
- Identify homes that most closely meet your needs by personally touring prior to visiting with you
- Analyse condition, neighborhood and value to ensure that you are not leaving money on the table
- Structure an offer that meets your needs without compromising your position
- Negotiate terms of the contract throughout the entire escrow period
- Manage and coordinate with all parties involved to ensure a timely and smooth transaction
Your role is:-
- Honesty, loyalty and integrity to us, your Realtor Team from the moment we begin working with you
- Understand the benefit of buying –vs- renting
- Preparing documentation and submitting to a lender for pre-approval
- Determine your monthly payment (all elements) comfort level
- Decide and communicate to us what kind of home/neighborhood meets your needs
- Make time to preview homes with us, your real estate team
- Review disclosures and reports to understand value and condition
- Strategize with us and and make an offer
- Apply for your new home loan based on an accepted contract
- Carry out any additional inspections and investigations
- Satisfy any contingencies and move to close of escrow
