Choosing to buy a home is one of the biggest decisions you’ll make in your life. Whether you're in the market to buy or sell, I am committed to supporting your real estate needs through every step of the process. To ready you for this, here is a general overview of what to expect and prepare.
Buy a Home
Whatever your reasons for buying, finding the right home in the perfect neighborhood, and at a cost that is within your budget, is no small task. That's why many buyers choose to work with a full-service, licensed real estate professional, like myself, to guide them through the process. I have detailed information about properties for sale by every company, and can make appointments to see any home that you're interested in.
Get Your Finances In Order
The first thing you’ll need to do is put money aside for a down payment. This amount is (at minimum) 5% of the purchase price of the home you’re planning to buy. Second, you’ll need to meet with a mortgage broker to determine what you can afford. Shopping around for the best rate is highly recommended.
Visualize Your Dream Home
Once you’ve established a price range, it’s time to decide what type of home will best suit your lifestyle. Think about things like access to schools, recreational facilities, what the neighborhood is like, and so on. Why you’re choosing to buy should help answer these questions for you — so think about it carefully. You may want to put this down in writing and create a needs v/s wants list.
Meet With a REALTOR®
It’s important to partner with a REALTOR® you feel completely comfortable with. A REALTOR® can help you find your dream home, that meets both your needs and your budget. They will set you up with viewing appointments, and also help bring clarity to the complicated process of buying a home. You’ll want to go with an experienced and knowledgeable REALTOR® who you can be sure will represent your best interests.
Using the property search on this site and consulting with your REALTOR®, you will be able to find homes in your desired area. They’ll update you frequently regarding new listings and schedule you appointments with sellers.
Your REALTOR® can help you place an offer that the seller will either accept, counter, or reject. After you’ve negotiated an offer, you’ll need to conduct a home inspection and deal with any repairs (the cost of which you can also negotiate with the seller). Finalize your mortgage with a visit to your lender, and you’re ready to sign off on ownership. This typically takes place in a lawyer’s office.
At this point, congratulations are in order! Becoming a new homeowner is one of the most liberating things you’ll ever experience. There are many benefits to home ownership — pride of ownership, the ability to make home improvements, building equity, appreciation — the list goes on.