First Time Home Buyers - Steps to Follow

For new buyers, these are crucial steps to observe when looking to purchase a property. Please, don’t be worried if you don’t understand some of them; we’ll be with you from the beginning to the end of the transaction and will ensure transparency at all times!
1. Mortgage Pre-Qualification
Meet with a mortgage lender and see if you can get pre-qualified for a loan. If you don’t have a mortgage lender, our team’s personal mortgage broker will contact you! The purpose of contacting a mortgage broker is to see how much you qualify for before you start searching for a home. There is no sense in looking at homes of $600,000 if you only qualify for $500,000. Also, in this heated market of multiple offers, submitting financing conditions will make your offer look less attractive. So if you already know how much you qualify for, you can present a firm offer that has a much greater chance of being accepted. Bottom line: sellers will be much more responsive to serious buyers who are pre-qualified.
2. Know What you Want
Make a list of what you need and want in a home. This takes some careful planning. Once you know exactly what you’re looking for in a home, your real estate agent will be able to begin the search!
3. Get Professional Representation
Hiring a real estate professional will ensure that each step in the home buying process is as stress-free as possible. Your representative will be able to provide you with essential market information and recommendations on ideal properties that fit your criteria. As most first time buyers get emotional when purchasing their first home, a good representative will also help you to maintain an objective state of mind; allowing you to think with your head, as well as your heart! There’s no need to make a hurried decision that you’ll regret in the future. We’ll never pressure you into anything.
5. Home Inspection
Acquiring the services of a professional home inspector can save you thousands of dollars in the long run. A home inspector will evaluate the home and reveal any damages or necessary repairs. Being aware of any structural damage to the home before closing will prevent you from being liable for any repairs in the future. If you do not know an inspector, our team’s personal inspector will make sure the home is in a good state, before you buy!
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