First Time Buyers
CHECKLIST TO CLOSE
1. DETERMINE YOUR BUDGET
Look at your budget and decide how much you want to spend each month on a new home. This will also help you in choosing the loan that works best for you.
2. START THE PAPERWORK
To help the mortgage process move as quickly as possible, it's important to fill out a pre-approval form with your lender. This letter will help your REALTOR convince a potential seller that you are ready to buy.
3. TALK TO A REALTOR
This is where your REALTOR can help you the most. A professional REALTOR ® can be of tremendous assistance through every step of the buying process. To find out more about the importance of buyer representation, click here.
4. KNOW WHAT YOU WANT
Be sure to let your Wakefield, Reutlinger AND COMPANY/REALTOR® know exactly what you are looking for and what you expect in your new home. This will help to narrow the search, and prevent you from wasting time on homes that you are not interested in.
5. MAKE AN OFFER
When you find a home that you want to buy, it is important to write a contract that explains exactly how much you are willing to spend.
6. SEEK A LOAN
Now is the time to speak with your lending agent to officially begin the loan process. If you have already been pre-approved for a loan, you will save a lot of time and paperwork.
7. HAVE THE HOME INSPECTED
Before your loan can be completed, the home must be inspected. This is simply for your protection. A home inspection will reveal any problems with the home that the seller will be responsible for repairing before the transaction can occur. Before a closing date can be set, all repairs must be completed to your satisfaction.
8. GET READY TO MOVE
As negotiations continue, you can begin preparing to move. If you are selling your home, click here to visit Wakefield, Reutlinger AND COMPANY/REALTORS®
This is probably the most stressful part of the home-buying process, just because it is so close to the finish line. Negotiations reach a conclusion, and you and the seller agree on all terms.
It's all yours...congratulations!
10. TAKE THE KEYS