Home buying is a considerably high-stakes endeavor, especially for first-time home buyers. But the process will go much smoother if you know what's involved. The following guide will help navigate home buyers through the necessary steps.
1. Meet in Person or Virtually Online
Let's get to know one another! When you're ready, we'll meet with you for a preliminary buyer consultation. During this meeting, we’ll discuss exactly what you want and need in a new home and give you an overview of the home buying process.
2. Pre-Qualify Before You Buy
This essential step will help you understand what you can afford and give us added leverage in negotiations. If you’d like, we can introduce you to our trusted mortgage partner, who can confidently assist you in determining your buying price range. During this part of the process, be prepared to dive into paperwork including pay stubs, W2s, and tax returns. After a thorough evaluation, the lender will let you know how much you may borrow to buy a property. This step in the home-buying process is crucial.
3. Focus On Your Best Options
Now that we know more about you and what you're looking for, we'll send you notifications for listings that match your specific criteria. Please let us know if any of them stand out to you so we can go on to the next stage and arrange a showing.
4. Schedule Showings
Now that we determined what you want and it's time to go look at some homes. This can be through private showings, open houses and together online. Using our website and listing alerts we will go through the list together to find ones you loved! This is when we can also start to review the budget and make sure the numbers start to work for you.
5. Make An Offer
When you find the perfect home, we'll present the seller with a formal written offer. And while it's great when an offer is accepted straight away, the seller can make a counteroffer or reject your original offer entirely. We would be pleased to guide you through each of these scenarios and explain how to respond to them. When the offer is accepted, it's time to arrange your finance and proceed to the following phase.
6. Acceptance, Inspection, and Appraisal
Your offer was accepted and now the house is undergoing an inspection and appraisal. The inspection makes sure that everything in the house is in good condition and that there are no major issues inside, while the appraisal ensures that the price matches the condition of the home.
7. It's Closing Time
This part of the process involves reviewing all the paperwork and signing your name to all the documents. We'll be there with you at the closing table to answer any questions you might have. Once you complete this step the home is yours.
8. Get The Keys & Celebrate!
Now that you've signed all the paperwork, it’s time to move in! We'll make sure you get your bright new house keys so you can begin planning your move right away. But first, take a moment to celebrate - you deserve it!
9. Share With Friends & Family
Be sure to share your positive experience with friends and family. When they're ready to buy or sell a home, we'll be there for them, just like we were for you.