The decision to purchase your first home is one of the biggest and best choices you could ever make. It’s the biggest investment most people will face in their lifetime. How do you know if it’s the right time for you to buy? The key is finding the right buy and taking the time to go over your finances. The most common thought process is should I rent or should I buy? See below we highlighted some things to think about when deciding. Start looking at your options today. You don’t have to know everything. I’m ready to help you through every step of the process.

You can start searching for new homes online at sites like Mine (click on the Home Page) or Zillow and Realtor.com You can also search local newspapers and magazines that have home listings. Make a note of particular homes you are interested in and see how long they stay on the market. This will give you an idea of how quickly you will need to make an offer on a home before it is sold. Also note the pricing trends. This will give you an idea of how much a house you like may cost you.

Lenders generally recommend that people look for homes that cost no more than three to five times their annual household income. Take a look at the Financing Page for additional information.

Before you start looking for a home, you will need to know how much you can actually afford. The best way to do that is to get preapproved for a mortgage. To get preapproved, you just need to provide some financial information to your banker and they will take care of the rest. Your lender will review your information and tell you how much they can lend you. This will tell you the price range of the homes you should be looking at. Take a look at the Financing Page for additional information.

Agents are important partners when you’re buying or selling a home. Real estate agents can provide you with helpful information on homes, school districts and neighborhoods that isn’t readily accessible to the public. Their knowledge of the home buying process, negotiating skills, and knowledge of the area you want to live in can be extremely valuable. Best of all, it is FREE! – Agents are normally compensated from the commission paid by the seller of the house. I hope you work with me. If not make sure you find a quality agent to work with. Their knowledge and assistance is invaluable when you are making such a large investment.

Start searching for homes in your price range. You will see a lot of houses! It can be hard to remember everything about each one, so you might want to take notes, pictures or a video to help you remember each one. Take as much time as you need to find the right home. Let your real estate agent (hopefully me) negotiate a fair offer. Once you and the seller have reached agreement on a price, the house will go into escrow or due diligence, which is the period of time it takes to complete all of the remaining steps in the home buying process.

A home inspection of the property is used to check for signs of structural damage or things that may need fixing. I will help to arrange to have this inspection conducted within a few days of your offer being accepted by the seller. This contingency protects you by giving you a chance to renegotiate your offer or withdraw it without penalty if the inspection reveals anything bad about the house. You and the seller will receive a report on the home inspector’s findings. You can then decide if you want to ask the seller to fix anything on the property before closing the sale. Before the sale closes, you will have a walk-through of the house, which gives you the chance to confirm that any agreed-upon repairs have been made.

Lenders have a wide range of loan programs to choose from. Every home buyer has their own goals when choosing a mortgage. Whether it’s keeping your monthly payments as low as possible, or making sure your monthly payments never increase. Maybe you plan on moving within a few years. Whatever reason you choose, work with a local lender to help get you set up. Check out our Financing Page for more information on types of loans, interest rates and much more!

Banks will arrange for an appraiser that provides an estimate of the value of the house you are buying. The appraiser is not directly associated with the lender. The appraisal will let everyone involved know that you are paying a fair price for the home.

At closing, you will sign all of the paperwork required to complete the purchase, including your loan documents. Once the check from the bank is delivered to the seller, you are ready to move into your new home!

Congratulations, you did it! You sold your home! Hopefully I was helpful and assisted walking your through all of the steps in the selling process. If you have any questions or need any further information do not hesitate to reach out to me! Fill out your information on the bottom of the page and I will contact you to discuss your needs.