The Homebuyer’s Guide!

Posted by Admirals Cove Homes on Jul 29, 2014 in Home, Real Estate | 0 comments

The home buying process doesn’t need to be a hassle full of stress and anxiety as long as you are adequately prepared for it. There is so much info out there on the home buying process so we have developed a simple homebuyers guide that is sure help you achieve a successful home purchase.

1.)   Step One: Check Your Credit Reports – Before you even think about buying a home you need to check your credit reports to ensure you have good enough credit to continue. If you don’t do your best to improve it and then try again. If you do be sure and maintain it until after closing on your home.

2.)   Step Two: Get Pre-Approved – Your next step is to find the right mortgage lender for your situation and get pre-approved for a loan. This will help you to better understand what you can afford in a home. Plus most seller’s agents won’t even consider showing a home unless the buyer has been pre-approved for a loan.

3.)   Step Three: Hire The Right Realtor – Once you are pre-approved for a mortgage you need to hire a realtor who has experience in the area you want to live. The right realtor is extremely important when it comes to a successful home buying experience so be sure to do your homework and find the perfect one for you.

4.)   Step Four: Find Your Dream Home – It is now time for you and your realtor to find your dream home. But remember this won’t happen right away so be patient in your home search. You may need to look at several properties before you find the perfect one to make your dream home.

5.)   Step Five: Make The Perfect Offer – Once you have found your dream home it is time for you and your realtor to craft the perfect offer. You want to be sure to make an offer that is low enough where you are happy but not too low that seller wont even consider it.

6.)   Step Six: Close On Your New Home – It may take some negotiation first but your next step is to close on your new home. Your closing costs will typically include but are not restricted to your down payment, title fees, inspection fees, appraisal fees, attorney fees, etc.

7.)   Step Seven: Move In – After you have closed on your new home and the keys are in your hand your next step is to move in. We recommend that you clean your new home from top to bottom so you can completely start new. Then unpack and start making this property your home.

This homebuyer’s guide is full of information on the home buying process that is great  for buying any home not just the luxury real estate in Admirals Cove so please consider sharing this article socially!