Home buying is an exciting transition in the next level of your life. You can already imagine the holiday gatherings and cocktail nights at your new home. Well it's also important to make informed decisions throughout the home purchasing process. Here are the basics:
1. Get Preapproved!
According the Consumer Financial Protection Division,
If you don't want to select a bank just yet, use your current monthly rent to determine approximately how much house you can afford. Contact me
Be confident in selecting and submitting an offer on your dream house! Get pre approved today! Contact your bank or I can provide you a list of local mortgage lenders. Contact Me
2. As Your Realtor, Let Me Know You're Ready to Look for a House.
3. Home Inspection and Home Appraisal
It is highly recommended that buyers get a home inspection once both parties sign the purchasing agreemen. The certified home inspector will take an in depth look at the basic sytems of your house to reveal any deficiencies or safety hazards.
During this same time period, the bank or lender will require a home apparaisal. This is a written estimate of the home's current market value.
4. Title Search
Once we know the home is safe and valued at the agreed price, you will select a title company. The title company conducts a seach for any outstanding liens or debts on the house. It is highly recommended that you get title insurance with your mortgage. Title insurance is the best gurantee that you will retain the rights of ownership.
A closing agent coordinates the paperwork, exchanges funds and gives you the KEYS to you new address!
So what's your new address? Contact me today!