A homebuyers guide

Congratulations! You are ready to make an offer on a home. At this point, you are likely working with a Real Estate agent and you have found the home you are wanting to purchase. You know what your budget is for both the downpayment and the ongoing fees and you know what you are pre-approved for.

Before we outline what's next. Let's define some key terms.

Real Estate Agent: A real estate agent can help you navigate the buying process, find homes that meet your criteria, and negotiate on your behalf.

Mortgage Lender: A mortgage lender can provide advice on different loan products and guide you through the financing process.

Home Inspector: A home inspection can uncover potential issues with the property before you commit to the purchase.

STEP BY STEP GUIDE:

1. Make an Offer

   • Offer Price: Based on your research and the advice of your agent, make an offer on a home. Be prepared to negotiate.

   • Contingencies: Include any necessary contingencies in your offer, such as financing, inspection, or appraisal contingencies.

2. Secure Financing

   • You likely have been pre-approved but now its time to actually get a mortgage from a Lender.

3. Home Inspection

   • Work with your agent and lender to finalize a Home Inspection.

4. Closing Process

   • Final Walkthrough: Before closing, do a final walkthrough of the property to ensure everything is as expected.

   • Closing: Sign the necessary documents, pay closing costs, and finalize your mortgage. After closing, you’ll receive the keys to your new home.

5. Post-Purchase

   • Move-In: Plan your move and start settling into your new home.

   • Maintenance: Regular home maintenance is key to keeping your property in good shape. Buying a home involves careful planning and preparation, but with the right approach, you can make the process smoother and more successful.