STEPS TO PURCHASING A HOME

Hi everyone! I get a ton of messages asking about the steps required to purchase a home, so I decided to post this here for everyone's reference.

For starters, I want to let you know that the process is actually very simple. Yes, there can be stressful moments, but as your trusted Real Estate professional, I promise to take on the stress as my own to make your experience as stress-free as possible.

1

Have a lender (loan officer) review your finances to see if you qualify for a mortgage loan. This will only take a few minutes and you will wish you had done it sooner. If you're not completely ready, the lender will tell you exactly what you need to work on so you can become ready. You are free to use any lender of your choice, however, I work closely with 2 preferred lenders who are both committed to getting my clients to closing. Side note: I chose these lenders because they are extremely knowledgeable, fun to work with, and very familiar with all the amazing assistance programs out there to help you purchase a home. Message me for their information and let them know I sent you!

2

Once you've been approved, you'll find out how much home you're qualified to start shopping for. Now we can begin your home search!

3

Once we find a house you LOVE, we will submit a strong, strategic offer, & pray that it gets accepted.

4

Once our offer gets accepted, we will have the home inspected to inform us of any possible repairs that may prevent us from going forward with the offer. If there are any issues that need to be addressed - we will ask that they are taken care of prior to your closing date. This could also help us negotiate a lower purchase price for the home during the negotiation process.

5

Next, a home appraisal is conducted. A home appraisal is the process by which a licensed appraiser conducts a thorough inspection of a property to assess its true worth (which isn't always the same as the listing price). The appraiser will then compile all of their findings into a report and generate the home's appraised value. If the appraisal comes in at the asking price, the bank will move forward with financing the loan. If it doesn't, you are free to appeal or get a second opinion.

6

After the appraisal stage, you will be given an estimated closing cost sheet to let you know exactly how much money you will need to bring to settlement.

7

Once we're cleared to close, I'll work with the listing agent to schedule settlement. Now all you'll need to do is sit back, relax, and wait for the keys to your new home! It's truly that easy!

I hope this information was helpful to you guys!

Please share this blog to your social media accounts to help anyone out there in their journey to homeownership.

Always happy to help,