Selecting and Buying Your New Home

Helpful information to guide you through the process of selecting and buying a home...

Buying a home can be complicated, but I will assist you every step of the way with your home search and the home buying process. My goal is to provide you with comprehensive professional real estate services focused on meeting both your specific needs as well as a very pleasant “fun” experience.

1. Do you wish to invest in a home?

Most people have a general idea of how much they feel comfortable spending on a home. From the information you provide, we can estimate the market range of homes you desire.

A mortgage lender can pre-approve you for a new home purchase so that you are ready to make your purchase when you find the right home.

Determining how much you want to invest based upon your mortgage “pre-approval” allows you to select homes you know are within your price range that will be available at an affordable monthly payment.

2. Establish criteria for selecting your home.

Determine the style of house you desire; a two-story, or a condominium home; either existing or “new” construction.

Decide what features are required (number of bedrooms, bathrooms) and what amenities would be “nice” to have such as a fireplace, basement, dining room or a garage.

Do you prefer the exterior to be brick, wood, stone, vinyl or aluminum siding?

Do you like city neighborhoods, suburban areas or country living?

How big of a yard do you want: (Remember, you have to maintain it, too!)

How far do you want to drive to work?

How close do you want to be to shopping, schools, church, recreation highway access?

3. How to find your home — The “Search”

As your Realtor, I have access to the Multiple Listing Service (MLS) and can enter a “search” for a home with your specific criteria. That way you can be sure you won’t miss any home that is either currently available or newly listed.

If you wish, you can drive by the homes I bring to your attention and look at the outside and the surrounding neighborhood.

In order to see if the home and floor plan meet your needs, I will set up a tour to see the inside of the homes you are interested in viewing.

Together we will closely inspect the home and I will answer any of your questions. Together we will determine: Is the house well maintained or does it need obvious repairs, new carpet, flooring, updating, or painting?

Are the room sized adequate? Does it have enough windows? Check the wall space for your furniture.

What type of heating/cooling system does it have? What do the utilities cost?

What appliances/other items are included?

Does it “feel” right? I want to help you purchase the house that not only meets your requirements and excites you about your future move.

4. Making the purchase

Our strategy as to how much to offer will consider such things as the asking price, the length of time “for sale”, condition of the home and the selling price of similar homes in the area.

Your purchase may be contingent upon obtaining financing, an inspection or the sale of your current home.

We will include specific home items or other “key” provisions to be part of the purchase agreement.

Be prepared to write a check for the earnest money deposit. This will be credited to you at closing.

The seller will either accept, reject, or counter your offer with changes.

Once you and the sellers both agree to the terms and sign the purchase agreement and counters it becomes a valid contract.

5. Financing

When your offer has been accepted, your next step is to obtain financing.

A mortgage lender (Bank, Mortgage Co., Credit Union) will help determine the best type of loan for you. I will be happy to discuss these options with you.

Be prepared to provide information regarding your income, bank accounts and other assets as well as your debts.

If you are already pre-approved with a lender, the home purchasing process is much easier and quicker!

Part of my job is to help you develop the Purchase Agreement, focused on meeting your “buying criteria”.

6. The Closing

At closing, you will sign numerous title company and lender documents.

When the papers have all been signed and your down payment and closing costs have been credited, the home is yours.