If youâ€™re a first-time Brooklyn home buyer, you may
be looking at the process, scratching your head and wondering exactly how this
works. Hereâ€™s a quick checklist of the major steps involved in your new
Â 1.Â Â Â Â Â
Hire a real estate
â€“ A professional real estate agent will guide you through the entire process
from finding a home to closing on the home.
2.Â Â Â Â Â
Find a Brooklyn home â€“ Your agent can help
with this. Talk with him or her about the price range, neighborhood and
amenities youâ€™re interested in.
3.Â Â Â Â Â
Consider disclosures â€“ By law, the home
seller must disclose flaws in the property and other details about the area
(e.g., if itâ€™s in a flood zone).
Carefully review the disclosures and consult with your agent to determine if
anything you learned in the disclosures makes this house undesirable for you.
4.Â Â Â Â Â
Make an offer â€“ When youâ€™ve found a
home youâ€™d like to buy, submit the offer through your real estate agent. If the
offer is accepted, youâ€™ll need to sign a contract. The contract will have
contingencies for exit if the house is not all you thought it to be, but it is
a legal document, so take your time to thoroughly review and understand
everything in it before signing.
5.Â Â Â Â Â
Obtain an appraisal â€“ Appraisals are
required to ensure that the home value matches the home financing so that your
loan may be approved.
6.Â Â Â Â Â
Get an inspection â€“ A home inspection turns up any hidden surprises
that may change the value of the home. While the sellers must disclose, they
may not know that, for instance, the foundation is cracked.Â
7.Â Â Â Â Â
Secure your loan â€“ Unless you are one
of the lucky few who can buy a house outright with cash, youâ€™ll need to go
through the process of getting your home loan approved.Â
8.Â Â Â Â Â
Participate in the
final walk-through â€“ The final walk through gives you the opportunity to make sure that
everything is as you expected and in line with the contract. For example, if
the owner agreed to leave the fancy stainless-steel refrigerator, and then
ended up moving it, you want to get that ironed out before closing.Â Â
9.Â Â Â Â Â
Attend the closing â€“ Signing stacks of
papers and handing over a cashierâ€™s
check or wiring the funds ends with you having a new home!Â If all the other steps have gone well, there
shouldnâ€™t be any surprises at the closing table.
Â If you're looking for more information on buying
a Brooklyn home, I can help. Give me a calll Charles Dâ€™Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at email@example.com