Tips on Buying Your Home

As a new or experienced buyer, you have questions. When you are ready to buy your home, you want your questions answered. These tips will help guide you along the way. Listed below are steps to make your home buying experience easier.

First: Find a Realtor®. Realtors are professionals familiar with current real estate values. They can research and show homes that meet your needs.

Second: Find out how much you can afford. Speak with a lender. A mortgage lender can pre-approve a loan for you. You may want to check with your bank about mortgage loans or ask your Realtor®.

Third: Look at homes. Since there are many homes, make sure you discuss with your Realtor the features you want in your home.

Fourth: Choose a home.

Fifth: Make an offer. You will complete a contract that your REALTOR® will present to the owner's representative. The owner, in turn, may accept the offer, reject it or make a counter-offer. Counter-offers are common. It's important for you to remain in close contact with your Realtor® during the negotiation process.

Sixth: Speak with your lender to get final approval for your loan. The information from the ratified contract for the house you have chosen will be needed.

Seventh: Get homeowner’s insurance and any needed inspections. Your Realtor can explain the different inspections.

Eighth: Go to Settlement. You will sign documents to accept the loan and the transfer of title to your new home. The keys are handed to you and the house is yours.

Ninth: Move in and enjoy your new home. It’s important to be represented. Ask your Realtor about a “Buyer Broker Agreement”.