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7 Steps To The Home Buying Process To Know Before Purchasing

Here are the 7 biggest steps to purchasing a home to help you understand the process.

Step 1: Star Your Research Early

-> Set your goals and decide what you're looking for

-> Examine your current financial situation and determine how much you can afford

Step 2: Contact A Real Estate Agent

-> Your agent will help you with property searches, financing, negotiation and transaction processes

-> Research your agent and check out their reviews

Step 3: Get Pre-Approved

-> Have your lender review your current financial situation and credit history to determine the amount you can borrow

-> Look online to see what lenders offer incentives

Step 4: Your Dream Home

-> Start to view homes with the assistance of your Realtor

-> Find a home that is located in the area you desire

Step 5: Make An Offer

-> With the help of your Realtor place an offer on your dream home

-> Hire a professional to perform a home inspection

-> Your lender will hire an appraiser to give an estimated value of the home

Step 6: Secure Financing

-> Finalize your down payment, interest rate, regular payment schedule and all other financial terms associated with the closing

Step 7: Closing The Deal

-> Do a final walk through of the home

-> Get the keys!

#buying #buyers