The thought of purchasing a new home can make the mind race. Where do you start? Who do you talk to? The home buying process can be strenuous and at times complicated but ultimately the result is one of the best investments you’ll ever make. If you’re going to buy a home, you should be as prepared as you possibly can, ready to tackle each step. If you’re thinking about taking the next step and purchasing a new home but don’t quite have a grasp on what you’ll need to do, look no further! Below is a general outline of the steps you’ll need to be prepared for when buying a home.
1. Educate yourself
A home is one of, if not the, biggest investment you’ll ever make. Odds are you’ve been saving up for years, so this is a decision you’ll want to educate yourself on and determine your buying timeline and the home buying process. If you know an experienced homebuyer, talk to them about what to expect.
2. Meet with an Unlimited Sotheby’s International Realty agent
Having a good agent is key in the home buying process. Their knowledge, connections, resources and platforms give you a valuable teammate. Stay up to date on new listings, get updates on recommended homes, and have someone there to be by your side during open houses. Not to mention, the negotiation skills of a good agent is critical.
3. Mortgage preparations
Before picking your dream home, you have to make sure you can afford it. Connect with a lender to find out what you can afford, and the kind and length of the loan. This process can be time consuming and tedious but this is the most crucial step before you can start viewing and touring potential homes.
4. Search for your dream home
This is where the fun starts. You’ve done all your due diligence with the lender and have all your financials ready. Your agent should be finding you homes that suit all your wants and needs from location to size, as well as booking private tours and attending open houses. Your house search is officially on!
5. Purchase your dream home
You did it! You’ve found your dream home and you and your agent put in a competitive offer that was accepted! Reconnect with your lender for final closing payments and Purchase and Sale agreement. You’ve made it to the finish line!
Looking for your dream home and navigating a complex and ever changing real estate market can be overwhelming, but with an Unlimited Sotheby’s International Realty agent on your team, there’s nothing to fear!