Thinking About Buying A Home Heres The Process

Dated: 05/18/2017

Views: 409

By: Carolyn Smith

So you want to buy a home, but you don’t know the process or where to start.  Lucky for you,  our buyer agents at DLP are here to lead you every step of the way. 

First, thing is first, get your finances in order.  Check your credit score.   There are often errors that can affect your score negatively, so make sure everything is accurate and if it’s not, dispute it.  Stay current on your payments, this goes without being said, but one missed payment can make quite the dent on your score. 

Get preapproved for a mortgage.  There are a few different loan options out there so make sure you do a bit of research and find a good lender to help you choose the best option for you.

Find an agent!  This will save you time and tons of headaches.  At DLP our buyer’s agents are here for the buyer and only the buyer!  In fact, at DLP,  you get not one but two agents working for you!  DLP’s Buyer Success Manager and Showing Specialists work together to make the buying process smooth and seamless and work hard to ensure that you are in the loop every step of the way.

Now that you have chosen an agent (or agents)  the fun begins!  It’s time to narrow down location, wants/needs, and start house hunting!  The market is hot right now so be prepared to hit the ground running!  If at first, you aren’t able to find what you want in your price range, it might be a good idea to go back and rethink your wants and needs or narrow or widen your search location.

Make an offer, but before you take this step, make sure your wants/needs are met and you feel comfortable with your offer. If you have any questions, ask your agent to explain or go over the details, but make sure you don’t wait too long because homes are flying off the market!

Once you are under agreement, it’s time to do some inspections!  A home inspector will do a top-to-bottom inspection of the home and list any items that may be problematic.  If repairs are needed, you can ask the seller to fix or re-negotiate, or if there are serious issues with the home, you may be able to rescind your offer.

Before closing,  your lender will require an appraisal to assess the home’s market value and to ensure the loan amount is appropriate.  Although,  the buyer and seller have agreed on a purchase price the appraiser’s evaluation must be equal to or less than the purchase price. 

It’s finally closing day, but before you get to the closing table do one last walk through of your soon-to-be home to insure that the condition has not changed since you signed the sales agreement.

Last but not least, enjoy your new digs!  Homeownership is a wonderful thing and DLP would love to help you get there!

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