Is it Your Time to Buy a Home
you've made the decision to buy a home, it's time to start thinking
about what comes next.Â Every buyer needs a checklist that will guide
them through the process of searching for the perfect home, evaluating
their choices and making a purchase.
Learn The Lingo
to call Lou, IÂ will familiarize you with various real estate terms,
conduct research on the market value of homes in the area in which you
intend to shop.Â This information will help as you browse homes,
speaking with Lou, she will help you through the buying process.
Get A Free Credit Report
12 months, you are entitled to request a free copy of your credit
report from each of the three major credit reporting agencies -
Equifax, TransUnion and Experian.Â You should make this request before
you begin looking at homes in order to allow yourself enough time to
identify and dispute any inaccuracies in your credit file(s).Â When you
approach a lender, you will need to make sure that everything is
correct and up-to-date.
is different than pre-approval in that it gives you a possible price
range that you can afford, but does not guarantee you the
loan.Â Pre-qualification is important because it will help you narrow
your search to include only homes that you can afford.Â Knowing what you
can pay beforehand will save you both time and disappointment in
looking at homes that do not fit your budget.
Speak With Lou
knows the real estate business like a REALTORÂ®, so letÂ me help you to
find your new home.Â Based on your specific requirements,Â I can locate a
home that will suit you at a price that's within your budget.Â Once a
few listings are found we are now ready to tour the homes. Â At this
point, you should take a camera for the purpose of later reviewing each
house with visuals instead of relying solely on memory.
Â Make An Offer
you find the perfect home, make an offer that's less than you are
actually willing to pay.Â This way, the seller can make a counteroffer
that would hopefully still be within your budget.Â It's important to
familiarize yourself with the art of negotiation so that can learn how
to get the best deal without insulting the seller.Â If you have not yet
been pre-approved, make sure that your offer is contingent upon your
being able to obtain the necessary financing.
Obtain A Loan
you and the seller agree on a purchase price, you will be required to
provide an earnest money deposit that will secure the home as you
obtain a loan (if applicable).Â A lender will require a home inspection
and appraisal for the property in connection with your loan
application.Â In most cases, you will know within 24 hours whether or
not your application is approved, but the actual closing will not occur
until the inspection and appraisal are complete.
that the papers are signed and you have the keys to your new home,
it's time to get moving - literally.Â Remember to decorate your new home
and add all of those special touches that reflect your
personality.Â After all, a house is only a house until you make it a
Â IfÂ Â you
feel you are ready to start the home buying process, give me a call.Â
It would be my pleasure to offer you my services and have the
opportunity to serve you.Â