Eight steps to buying your home
|Eight steps to buying your home
1. Decide to buy.
Base your decision to buy on facts, not fears.
2. Hire your agent.
Seven main roles of your real estate agent:
A Buyer’s Real Estate Agent:
Important questions to ask your agent:
Qualifications are important. However, finding a solid, professional agent means getting beyond the resume, and into what makes an agent effective. Use the following questions as your starting point in hiring your licensed, professional real estate agent:
3. Secure financing.
From start to finish, you will follow a six-step, easy-to-understand process to securing the financing for your first home.
Four steps to Financing a Home
4. Find your home.
Questions to ask yourself:
5. Make an offer.
Price – the right price to offer must fairly reflect the true market value of the home you want to buy.
Terms – the other financial and timing factors that will be included in the offer.
Terms fall under six basic categories in a real estate offer:
6. Perform due diligence.
A home owner’s insurance policy protects you in two ways:
The property inspection should expose the secret issues a home might hide so you know exactly what you’re getting into before you sign your closing papers.
You just have a few preclosing responsibilities:
On closing day, with the guidance of your agent, you’ll sign documents that do the following:
As long as you have clear expectations and follow directions, closing should be a momentous conclusion to your home-searching process and commencement of your home-owning experience.
Even after you close on your house, you agent can still help you:
Attention to you home’s maintenance needs is essential to protecting the long-term value of your investment.
Home maintenance falls into two categories: