How Do You Acctualy Buy A Home

How Do You Acctualy Buy A Home

I work with many first time home buyers and I can constantly being asked how the home buying process actually works. You can do all your research one line and talk to your parents, but buying a home now is different than any other time in history. With new lender requirements, inspections, appraisals, FHA financing and first time home buyer support there are so may ways to go forward purchasing your new home. Here area few steps to get you started. 

First, talk with your lender. You need to understand how much you qualify for and what that side of a purchase looks like before you can expect to jump right into a purchase agreement. 

Then, chat with an experienced agent. Agents that know what they are doing will have information ready to go to explain parts of the process as well as checklists for you so you can keep track of where you are and where you are going. It can mean a huge reduction in stress to let your realtor in on why buying a home is important to you and what you want to build in that home. The only way they can help you is id they know what is important to you. 

Get set up on a specific search. I know you will want to see everything out there and then choose, but you need to ask yourself how much your time is worth? You can spend days, weeks and months looking for the perfect home just to realize it was the 2nd one you saw and its now sold! So think about your requirements ahead of time. Talk to your Realtor and put together the list of realistic requirements so that you do not waste your time looking at homes that do not fit your criteria. And when I say reasonable I'm talking to those of you that want a four car garage a pool and an acre of land on a two hundred thousand budget. Sometimes you have to be real with where you are and know that you can get that in the future. 

Then use your time wisely. Open houses are a great way to find out if you like certain areas or neighborhoods. Get a stack of cards from your Realtor and give them to the representative in the open houses so they know you are represented. Then look at the home and talk about the area, is it convenient to work, does it meet your requirements for updating, and can you see your things in the home for years to come? 

Buying a home is a process it can take time and it requires a lot of thinking and decision making. It can however be one of the most fun and exciting experiences of your life! If you want more on the nitty gritty of the process shoot me a message and I can send you some great information!Image title


Jacquelyn Carlson Headshot
Author:
Phone: 763-442-7197
Dated: October 9th 2015
Views: 199
About Jacquelyn: I am in my first year as a buyer specialist with the Steinbach Home Selling Team. I work exclusiv...

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