Buying Real Estate

Buying a home is a very exciting time where the realization of a dream comes true. It can be one of the best ways to build wealth, invest in your future and live a more enjoyable life. It is typically one of the largest purchases you will make in your lifetime so below are a few things to consider as you prepare.

Financials:

Saving for a down payment and reviewing your personal budget are important first steps . Once you have established this it is time to contact a mortgage agent.

Mortgage Qualification:

If you are planning on getting a mortgage, getting in touch with a mortgage agent can help you see exactly how much you will qualify for. Based on your financials and credit history, a mortgage agent will provide you with a letter stating your qualifying amount. This letter is an important piece to include with your offer as it proves your financial credibility.

Closing Attorney:

If you do not have already have an attorney, now is a good time to research a few. Let them know you are in the market to purchase a home and decide who you will feel comfortable working with and what they charge so you will be ready to go once your offer is accepted.

Property Search:

You may have already started your search online and you may have even ventured out to a few open houses. I will help you focus your search and find properties more efficiently by setting up a real-time search for you.

Offer, Purchase & Sales Agreement, Closing:

It is important in this market to be as prepared as possible in order to present a strong offer quickly. Depending on the terms you agreed upon, the following weeks will include a home inspection, review of condo documents, signing the purchase and sale, submitting your down payment, finalizing your mortgage – and finally the closing!

The above are just highlights of the major steps, but I am happy to answer any specific questions you may have. I understand this may be a new process to you and it is my goal is to help you feel comfortable and to make your home buying transaction as stress free as possible.