Big decisions require a great deal of care.
Purchasing a home requires careful consideration of so many factors: vicinity to the best schools, distance to work, safety of the neighborhood, layout of the kitchen, yard space for the beloved pets and so much more.
Ready to Purchase?
What should you do to make the dream reality?
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Pay Off Small Bills First.
After that’s done, consult a reputable mortgage company or two. Compare rates, terms and get advice.
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Consult with an Experienced Agent.
They should closely examine your situation, your needs and the current market, then recommend a winning strategy.
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Establish Where you want To Be.
Establish a desired neighborhood by driving preferred neighborhoods and searching online.
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Agent Targeted Search
Your agent will target a search for new listings and homes coming on the market soon.
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Visit.
Your agent will schedule times for you to view homes in person and discuss offers.
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Make an Offer.
When you find your dream home, it’s time to make an offer. Your agent will assist in formulating an offer that’s best for you and will be most likely to be accepted by the seller.
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Buyers Inspection Period.
This period is typically around a week where the buyer brings in their own inspector to ensure they aren’t missing something behind the walls.
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Repairs
If anything is found during the inspection, now is the time to request repairs be made.
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Appraisal
An appraiser evaluates all elements of the home including location and structure to assess real value. The bank will order the appraisal.
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Title & Loan Processing.
This part of the process with the appraisal and inspector typically takes 14-30 days.
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Underwriting of the Loan
This is where all the final details happen.
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Closing
Here is when the signing of the loan documents occurs and it’s time to receive your keys. Congrats!