Unlocking the home buying process
There’s nothing quite as powerful as the feeling of home. Buying a house is an exciting process, no matter if you are a first-time homebuyer or have gone through the process many times. Home buying can also be stressful if you enter into it without being prepared.
Curious about the home buying process? You’ve come to the right place! Coldwell Banker Associated Brokers Realty agents have the experience, knowledge and understanding to help you along the way to the home you’re dreaming of.
Each of our more than 300 agents is equipped to guide you through this process and provide you with the information you need to feel confident every step of the way.
If you’ve started the home buying process, here is a checklist that might be helpful to you as you conduct your home search, negotiate and close on your new home.
Choose your real estate professional: Coldwell Banker ABR has more than 300 incredible sales professionals who would love to be your trusted advisor throughout the home buying process.
Mortgage pre-approval: Before you ever look at properties, it’s good to get pre-approved for a mortgage. Your mortgage professional will help assess your credit as well as explore different types of mortgages that might work for you. They will also help determine the best rates and programs.
Think about your needs & wants: What features are you looking for in a home? Do you know which neighborhood or area you might want to live in? Consider style, size, price, and location as you are beginning your home search. Other things to think about are schools, traffic, zoning and work commutes.
Check out properties online and in person: Your agent can create custom searches for you to help weed out properties that don’t meet your needs/wants. He or she will also show you various properties in person to see which ones might be a good fit. Another great resource is the Coldwell Banker app.
Prepare the offer and negotiate: Once you’ve decided on a property, your agent will help you make an offer and negotiate on your behalf.
Get a home inspection: Often, purchase offers are contingent on a home inspection of the property. Your agent will probably arrange for an inspection to take place after your offer is accepted by the seller. A home inspector will check for signs of structural damage or issues around the home that may need fixing.
Have the home appraised: Your lender will arrange for an appraiser to provide an independent estimate of the home’s value. The appraiser, who is not directly associated with the lender, will let all the parties involved know that you are paying a fair price for the home.
Handle the paperwork: There is a great deal of paperwork involved in buying a house. Your lender will arrange for a title company to handle the important legal paperwork and make sure that the seller is the rightful owner of the house you are buying.
Close the sale on your new home: Before closing, you will have a walk-through inspection to make sure everything is as it should be in the home. At the closing, you will sign all of the paperwork required to complete the purchase of your new home. This includes your loan documents. Once the check is delivered to the seller, you are ready to move into your new home!