Advice On Purchasing An Admirals Cove Home!

Posted by Admirals Cove Homes on Jan 18, 2014 in Home, Real Estate | 0 comments

Purchasing a home these days especially purchasing an Admirals Cove home is more complex than you may think. Its generally not going to be as easy as one, two, three so here is a list of eight steps to help guide you through the purchasing process of your Admirals Cove home.

1.)   Find A Realtor: Maybe one of the most important steps in the purchasing process is finding and hiring the right realtor. This person or team of people will help you throughout the rest of the purchase process including finding the right home and guiding you through the negotiation and closing.

2.)   Get Pre-Approved: These days it is imperative that you get pre approved for a loan before you even look for a home. This means having your pre approval letter in hand ready to offer the sellers of your potential homes. This will also help you determine how much you can afford.

3.)   Determine Your Budget: Once you have gotten a pre approval letter you need to develop a budget. However, just because the bank will lend you a certain amount doesn’t mean that you can afford it. You also need to take into account your situation to determine what you are really comfortable spending each month.

4.)   Find The Right Home: Your realtor has a variety of connections, knowledge, and experience that will help you find homes that meet your requirements. But in the end it is really up to you to determine which home is right for you.

5.)   Put In An Offer: Once you have decided on the right home it is time for you and your realtor to craft and submit the perfect offer. Putting an offer in on a home is a delicate process and price is not the only condition that needs to be considered. There is also closing costs, repairs, and even timing.

6.)   Get The Home Inspected: Once your offer has been accepted by the seller it is very important that you get the home inspected. Even if you think the property is in perfect condition it is wise to get a professionals opinion.

7.)   Develop A Purchase Agreement: If the inspection turns out good it is time to set up a sales contract or purchase agreement with the seller. This is a contract that will outline the details of the sale such as negotiated repairs, fixtures and appliances sold with home, and a variety of other items.

8.)   Close On Your New Home: The actual process of closing on a home can take some time. But once both parties have met all conditions of sale and the final walk through has been made, keys can change hands and you can close on your new home.