A snapshot of the home buying process
Buying a home is one of the biggest decisions you will ever make. It's very normal to feel the pressure of the process and be anxious about what your initial steps should be. Rest assure that by developing a plan with a trusted realtor and lender, this process that was once a challenge will be a piece of cake. Here are a few tips that will help you on your home buying journey.
One of the most important steps in your home buying process is to obtain financing . Before you start searching for a home you should speak to a lender and find out what you can afford and what type of loans are currently available in your area.
Finding a Realtor
You will be spending a good amount of time with your realtor , make sure you choose someone who is patience , efficient and effective . A realtor is like a mentor, providing you with advice , information and expertise on any and everything related to the real estate transaction.
This is the part you have been waiting for. Searching for a new home. Attending open houses, personal viewings with your realtor, working very closely with him/her to locate the perfect house. Then comes the offer, again your realtor with orchestrate you through this entire process. Although this can be stressful, I guarantee your realtor will get you through it. Once the offer is accepted you are one step closer to the keys.
The close and keys
Almost there. The closing is the final piece of the puzzle. There is specific date that will be given to you when your offer is accepted and you escrow is opened. That date is the approximate day the transaction will close. Usually the date is 4-6 weeks from the day the offer was accepted. Around this time you will pay the final closing cost, sign the final documents, and your realtor will take you to conduct a final walk through of your new home.
Congratulations! You put in a lot of hard work. Building a relationship with your realtor, your lender, and other experts along the way. Now its time to start investing in other relationships. Like with your new neighbors. Its key time!