#TipsoftheTrade: First Step in Home Buying Process

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Pre-qualification is the essential first step in the home buying process!  So many times I have had people walk into the office or call and tell me that they want to buy a house.  My first question to them will be, “have you been pre-qualified?”.  Most of the time, the answer to that question is “No.”  If you’re in this boat, click play below to find out how this process works. and then keep reading to get an idea of what you can expect after you’re pre-qualified.

Side note, if you don’t listen to anything else I’ve said…or typed…listen (or read, lol!) to this: YOU CANNOT GO WRONG WHEN YOU GO LOCAL!  The most unexpected variables come up when you’re working through the process of getting a loan and if necessary, you want to be able to go plop down in your loan officer’s office and figure it out together.  Trust me on this!  We work with many different mortgage partners, so if you want to reach out to professionals that we know will take care of you throughout the process, EMAIL US NOW!

Now back to our regularly scheduled program: Buying a House!   Here is what you can expect after you have been pre-qualified:

Hit the Streets – Once you’ve been pre-approved, let us know what features are most important to you in your new home.  Based on that information, we will compile a list of homes for your review.  Then we will get out and look at the homes in person.

Making an Offer – Once you’ve found the home of your dreams, as your agent, we will help you to determine the market value of the home and guide you in what terms and conditions to include with your offer.  With this, we will also submit your Pre-Approval Letter and Copy of your Earnest Money check.

Negotiations – A Seller can accept your offer, reject your offer, or counter your offer with something that is more beneficial to them.  It is during this time that we will put our best negotiating skills to work to try to get you the best price possible.

Acceptance of Offer – Once your offer has been accepted and all required documents have been signed by you and the Seller, you are officially under contract!  This means that no one else can purchase the home!

Home Inspection – After an offer has been accepted, the first thing on the “to do” list is the Home Inspection.  This is where you hire a licensed professional to look the home over top to bottom, inside and out so you are aware of any hidden issues the home may have.  It is a necessary step to take when buying a home.

Getting to the Closing Table – Your Loan Officer will begin processing your loan.  You may be asked to provide several documents over the course of the next 4-6 weeks, so be prepared.  During this time, your Loan Officer will order an Appraisal, which will confirm the home is valued at or above the purchase price.

See you @ The Attorney’s Office – It’s time to OWN YOUR HOME!  The attorney of your choice will prepare all the legal documents required in order to complete the purchase of your home.

 

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