Menu
(254) 522-1904
Menu
Menu
So, you’re ready to find your dream home and make an offer. Congratulations–this is a huge decision!
There are several things to make note of along this process, the first of which is not to rush. Take as much time as you need to find the home that is right for you. Whether you are in the earliest stages of deciding to purchase a home or you’ve basically picked out the house, this article will line out everything you should consider along your home buying journey.
Realtors are important partners when buying (or selling) a home. They can help provide important information on homes and neighborhoods that isn’t easily accessible to the public. Their knowledge of the home buying process, negotiating skills, and familiarity with the area you want to live in can be extremely valuable. Buyers agent Realtors are most often compensated for their commission out of the seller commission paid on the property.
Partner with your Realtor and share what is important to you in your new home. They will need to know your time frame within which you wish to purchase. Give a detailed list of what you “want” in a home and what you “need” in a home. Be sure you include information about the type of neighborhood you desire. Do you want to live close to your school, job or family?
Lastly, talk to your Realtor about the amount you are pre-qualified for as well as your desired price range.
When touring a home you will want to make note of several things. Details are important when comparing the homes you have looked at.
It is also important to evaluate the neighborhood.
Again, take as much time as you need to find the home that is right for you. When you are ready to make an offer, work closely with your Realtor to negotiate a fair offer based on comparable homes in the same neighborhood. Once you and the seller have reached an agreement on a price, the house will go into escrow, which is the period of time it takes to complete the remaining steps in the home buying process.
An inspection is an opportunity to have an expert look closely at the property you are considering purchasing. You will be given a written opinion of property condition. You should make yourself available to be with the inspector during the inspection process. This will give you a chance to ask questions and get answers from a licensed professional.
Every home buyer has their own priorities when choosing a mortgage. Some are interested in keeping her monthly payments as low as possible. Others are interested in making sure that their monthly payments never increase. Others pick a loan based on the knowledge they will be moving again in just a few years. Work with your lender to find a competitively priced loan program that works for you.
Lenders will arrange for a licensed appraiser to conduct an estimate of the value of the property you are purchasing. The appraised value of the home will let all parties involved know that you are paying a fair price for the home.
There is a lot of paperwork involved in buying a house. Your realtor will be heavily involved in all aspects of your home buying transaction. An experienced Realtor is knowledgeable on laws and regulation changes and will help you prepare the documents and avoid costly delays and mistakes.
This process is usually managed by an escrow agent. This is a person who specializes in handling real estate closings and preparing the related documents. During a real estate closing, the property title and ownership get transferred from the seller to the buyer. You will sign a variety of documents prepared by the escrow/closing agent, and will also bring a cashiers check to cover all remaining closing costs. The seller will receive any proceeds they earned for the sale and the sell is complete.
For most people, buying a home is the biggest purchase they will every make. Copperleaf Properties will be your rock during an emotional time. Our team of concerned, but objective realtors will help you stay focused on issues most important to you.
© Copyright 2023 by Copperleaf Properties. All rights reserved.
© Copyright 2019 by Copperleaf Properties. All rights reserved.
