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The Process of Purchasing a Home

Searching for, and purchasing a home can be a time-consuming, complex process. We’ve provided some tips to help smooth out the procedure as much as possible.A pre-approval is a good thing to have before you start looking for a home. An approval means your lender has reviewed your credit history, verified your income and employment and then approved a loan amount. This saves time in the closing process and can provide valuable leverage when putting an offer on a home because the seller knows you are qualified to buy their home. 

Get pre-approved:

Find a Realtor to represent you:
A buyer’s agent’s job, and fiduciary responsibility, is to work for you, the buyer. They represent you in the negotiation process to get you the home you want at the best price. They will also help you through the entire process making the transaction as smooth as possible.

Searching for a home:
Search the Multiple Listing Service (MLS) for home’s that fit your criteria. This will narrow the choices and make it easier for you to pick some homes to look at. Be sure the neighborhood is in a good school district, if you have children. Also, look for features important to you such as recreational activities, proximity to work, safety, etc.   

Be reasonable:
No house is perfect; understanding this will help you put each home in proper perspective. It will also make the searching process much easier on you. Know what you can live with and what you can’t, so you have reasonable expectations. Spend the extra money to have the house inspected by a professional for major defects. If they find any, are they going to be expensive repairs? If so, and you really want the house, insist on a reduced price or that the defects be repaired prior to signing on the dotted line.

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