HOME BUYING PROCESS
Buying a home is one of the most exciting times in our lives.
We work very hard to make sure that you have a positive, fulfilling experience.
Here’s a simple, helpful walk-through of the entire home buying process from start to finish.
1. Decide on your new neighborhood.
Spend some time researching the cities and neighborhoods that appeal to you. Be sure to think about your “must haves” – for example, do you want to be near a good elementary school, or shorten your daily commute? What about being within bike riding distance to the beach?
2. Apply for home financing.
This is an essential second step. Be sure to do this before you begin viewing homes – Joshua Crater and his Team can pre-approve you for financing so you can focus your search to affordable properties.
3. Find the right property.
Hiring the right REALTOR® to assist you can save you time and money. In addition to sharing his or her knowledge of neighborhoods and available properties, a REALTOR® can help negotiate a better price with the seller.
4. Discuss your financing options with your Lender
Depending on your credit score, down payment, and other factors, you may qualify for more than one loan product. Your Loan Consultant will help you decide which one is the best fit.
5. Arrange for a home inspection.
Even though we will have your home professionally appraised, it’s always a good idea to hire a professional home inspector – especially if you’re buying an older home. If any major problems are found, you may be able to negotiate repairs or a repair allowance with the home’s seller.
6. Get ready to close on your home’s financing.
Your Lender will present you with a Closing Disclosure. This document clearly states the true cost of your home’s financing, the funds owed at closing and any applicable conditions. You’ll also need to shop for homeowner’s insurance before closing.
7. The big day’s here!
During your closing, you’ll sign your loan documents and present funds to cover your down payment and other costs.
Now … all that’s left is to collect the keys to your home and celebrate!