The Home Buying Process

I have worked with quite a few people over the past year and a half (quite a few who are also first time home buyers), and a question that always arises is:
"So what exactly is the home buying process?"

 

For some of you who have purchased numerous homes and know the ins and outs probably are already familiar with the process, but for those of you who don't have the slightest clue where to begin, hopefully this will help! :)

 

 

1.     Meet with your Realtor- Tell them what you are looking for, ask them questions, have them email you homes

2.     Get Preapproved (I can help you find a lender) - Getting pre approved is VITAL so that you know what price of home you can get financed for. You will also need a pre approval letter to turn in with your offer when you write one

3.     Start Looking at homes - This is the fun part :)

4.     Fall in love with your dream home, write an offer!

5.     3 things can happen with your offer, accepted, countered, or rejected

6.     Once offer is accepted, meet with your lender for your loan application

7.     You may or may not have a home inspection, but if you decide to have one, I will schedule it.

8.     Home gets appraised

9.     Loan process continues on: Loan goes to underwriting, loan gets approved/rejected, then back to the mortgage company.

10.    Secure home owners insurance (Your lender and I will guide you through this)

11.   I will schedule closing - Your closing is usually about 30-45 days after your offer is accepted

12.  Go to Title Company or our office for your closing

13.  Get keys to YOUR new home! J

 

 

If you have further questions about the home buying process or would like to get started, feel free to call or text me J 260.609.8348