Lender prequalification is a first, and I would be happy to recommend some excellent lenders. Working with an experienced agent who will listen to your needs is next. I volunteer!
Kat Tyree, Associate Broker, Long Realty
It's never to early to start learning about the market in which you intend to purchase. The more you know, the easier the decision will be when you find the right house. Knowledge is power and purchasing a home is an expensive, important purchase that you will likely live with for some time. The more questions you ask your agent, the better!
1. The first step before you do anything is to find out how much money you can borrow from a bank/mortgage company. Check with different lenders to see who can get you the best deal. Once you know what you can afford, then you can begin to plan.
2. Determine what you need in a home, not necessarily what you want in a home. Make a list of those needs to give to your Realtor. When you are searching for homes you will find that it is very rare to find a home that has absolutely everything you are looking for. If you stick to what you actually need, you will have better success in your search.
3. Research areas/communities that are of interest to you. Determine what things are important such as schools, proximity to shopping, restaurants, and local activities. Drive through the communities to get a feel for what they are like.
4. Learn as much as you can about the process of buying a home. Some local Realtors or lenders will offer first time home buying seminars. If you can find one in your local area it would be helpful to attend. If you cannot attend a seminar, look on the Internet for a home buyers guide such as the one at Bankrate.com â€“ http://www.bankrate.com/brm/news/real-estate/BuyerGuide2004/
5. Select a local Realtor to help you begin your search for a home. You can search Internet sites such as Realtor.com or Homes.com, but a Realtor has access to all of the homes in the local MLS. They can provide you with information on the home, the area and answer any questions you may have. A Realtor can show you properties of interest.
6. Learn about the contract and what is involved. Your Realtor can take you through step by step the process of a contract. After it is signed by buyer and seller, it is called an executed contract. Then you would want to get a home inspection. If everything is fine with the inspection, then you can go forward towards closing.
7. Know what happens at closing. Again, a Realtor can walk you through what to expect at closing. You will need to have money for closing costs such as title search, processing fees, taxes, and insurance.
Tammy Hayes, Realtor
Re/Max Palm Realty
Find a great REALTOR who can educate you about the buying process. Find a great lender who can get the job done. Start a list of must haves for your purchase. Include not only how many bedrooms, bathrooms & square feet, but other things like location, views, yard size, age of home. Whatever is important to you.
How long it will take to find the right home for you will depend greatly on your "must have" list. The longer the list, the longer it will take to find your new home. So, if your list is long and you are very particular, start looking now. If your list is a bit shorter, you can probably wait until mid-summer.
For information on different neighborhoods, feel free to visit my website and check out the Market Insider tab.
Keep it fun!!
But there is nothing to lose when you begin early. Whether buying or renting, a successful conclusion is always best supported by a wealth of information. The knowledge gained will truly support a well informed decision.
Start sooner than later.....
Good luck, and let me know if I can help in any way.
Next, start a relationship with a Realtor.
Have fun, remember buying a home should be both an educational and exciting experience.
Spirit Messingham, PLLC
3rd Generation Full-Time RealtorÂ®
Tierra Antigua Realty
Direct (520) 471-6900
Fax (866) 365-5208
I can help you with all of this and direct you to areas that best suit your needs, and get you moved into your new home by your target date.
Search homes & communities at: BaseLWorldRealtor.com
Call me for a lender referral.
Kris Basel, Realtor