Steps to first time home buying......Part Two.........
Â Â Now that you have been pre approved and have a Realtor that you are comfortable working with it is time to look at homes. Your Realtor will send you current listings that match your criteria. These listings will have information on the home as well as photos, so you can decide if it is something that you would like to schedule a showing on. This is also a good time to check out open houses in the area. It is a good idea to to take notes on the homes to keep the information fresh and organized.Â
Â Â Once you have found a home that you want, your Realtor will write up a purchace agreement contract for you to sign and submit it to the listing agent to present to his clients. The offer may be accepted "as is" or they may counter the offer, based on price or other criteria. They can also decline the offer based on price or other criteria. Once you have an accepted offer it is time to get the home inspected.Â
Â Â The home inspection is very important in determining the condition of the home and any problems that it may have. If you do not know any home inspectors your Realtor can give you some refrences. The inspections will run anywhere from 250.00 for a basic home inspection, up to 1,000.00 if you include radon, termite and infrared mold inspection. This is an upfront cost to you, the buyer. If the inspections go well and no underlying problems are found you will sign off on the inspections and the sale will move forward. If problems are discovered you have the option to decline to purchace the home or negotiate costs towards the needed repairs with the sellers.
More to come...........................