Buying Guide

Buying a home is exciting, but there are many steps that you will want to take for a smooth transaction. I have prepared a checklist here so that you can be best prepared.

• Step 1: Start the Research
  Start researching areas that you are most interested in. Review homes and price points that are currently in the market. This will inform you of what neighborhoods might be best for you to consider.

• Step 2: Identify Your Budget
  Begin to calculate your comfortable budget, debt and amount of capital that you have for a down payment. A mortgage lender will need to qualify you for a loan, but you should make this determination based on your own level of comfort as well given your lifestyle.

• Step 3: Get Prequalified with a Lender
  You will need to determine how much you can spend before beginning your search. The best way to go about this is to get prequalified for a mortgage via a reputable mortgage broker and provide some of your personal information and details.It is important to provide them with accurate data for the pre-approval as you will have to eventually follow up with supporting documents, credit reports, etc. to verify your financial status.

• Step 4: Preview Homes and Make an Offer
  When you begin viewing homes in your price range, consider taking notes as you may see multiple houses. When exploring neighborhoods, consider things like convenience to local services, your place of employment and other things that address your lifestyle. Once you find the home of interest, submit your offer with your preapproval letter.

• Step 5: Home Inspection
  A home inspection is important as it looks for signs of structural damage or any repairs needed. Offers are often made contingent of a satisfactory home inspection review to protect the buyer’s interest.

• Step 6: Appraisal
  Your lender will order an appraisal for the home to be conducted. The appraisal will confirm to all parties that the price you are paying is a fair price for the property.

• Step 7: Complete the Necessary Paperwork
  A title company will review documents and ensure that the seller is the rightful owner of the house. You will also need to finish your loan package and provide your lender with supporting documents that prove your employment and financial status.

• Step 8: The Closing
  After the final walk-through, you will go to the closing. At the closing you will sign all legal documents to complete the purchase including your loan paperwork. Once complete and the check is delivered to the seller, you are ready to move into your new home.