ARE YOU READY TO BECOME A HOME OWNER

Dated: 02/10/2016

Views: 693

FirstTimeHomebuyers-wide

Buying a house may be the most complicated financial process of your entire life. Luckily, we’ve broken it down into 10 straightforward steps:

1. Are you ready to become a homeowner?
Whether you’re becoming a homeowner for the first time or you’re a repeat buyer, buying a house is a financial and emotional decision that requires the experience and support of a team of reliable professionals.

2. Get a Realtor®
In the maze of forms, financing, inspections, marketing, pricing, and negotiating, it makes sense to work with professionals who know the community and much more. Those professionals are the local Realtors who serve your area.

3. Get a mortgage pre-approval
Most first-time buyers need to finance their home purchase, and a consultation with a mortgage lender is a crucial step in the process. Find out how much you can afford before you begin your home search.

4. Look at homes
A quick search on our site will bring up thousands of homes for sale. Educating yourself on your local market and working with an experienced Realtor can help you narrow your priorities and make an informed decision about which home to choose.

5. Choose a home
While no one can know for sure what will happen to housing values, if you choose to buy a home that meets your needs and priorities, you’ll be happy living in it for years to come.

6. Get funding
The cost of financing your home purchase is usually greater than the price of the home itself (after interest, closing costs, and taxes are added). Get as much information as possible regarding your mortgage options and other costs.

7. Make an offer
While much attention is paid to the asking price of a home, a proposal to buy includes both the price and terms. In some cases, terms can represent thousands of dollars in additional value—or additional costs—for buyers.

8. Get insurance
No sensible car owner would drive without insurance, so it figures that no homeowner should be without insurance, either. Real estate insurance protects owners in the event of catastrophe. If something goes wrong, insurance can be the bargain of a lifetime.

9. Closing
The closing process, which in different parts of the country is also known as “settlement” or “escrow,” is increasingly computerized and automated. In practice, closings bring together a variety of parties who are part of the real estate transaction.

10. What’s next?
You’ve done it. You’ve looked at properties, made an offer, obtained financing, and gone to closing. The home is yours. Is there any more to the home-buying process? Whether you’re a first-time buyer or a repeat buyer, you’ll want to take several more steps.


Latest Blog Posts

City Of Atlanta Water Fun Facts

Not really and not fun! If you are a buyer considering purchasing in the Metro Atlanta area- that's great and we are happy to find you a property! However, there is something you should know. It

Read More

What You Need To Know About Fall Home Sales

Good for you if you deliberately sat out the summer madness that is inherent in the current housing market. If you’re serious about buying a home, you’re hopefully about to save a huge gob of

Read More

Disaster Assistance For Homeowners What You Need To Know

Atlantic hurricane season: June 1 through November 30. Wildfire seasons vary, depending on region. Earthquakes have no season – they strike without warning.Depending on where you live, natural

Read More

Where To Buy Homes In Atlanta For 350K Or Less

  Hey Atlanta house hunters! Are you wondering where you can buy a house in Atlanta for $350K or less? Many first-time buyers get so excited to be buying their first place ITP (Inside the

Read More