HOME BUYING STEPS
Buying a home can be an overwhelming process. From financing to negotiating to closing, there are a lot of moving pieces that can leave homebuyers bewildered.
A real estate agent can help guide you through each step of the buying process, offering sound advice along the way. Buying a home is one of the largest purchases you may make during your lifetime. By working with an EXPERIENCED professional agent who knows the ins and outs of the real estate industry, you’ll not only end up with a great home, but you’ll also walk away with a great experience.
Here are some of the key areas that an experienced agent can help you with:
Getting pre-approved by a lender
By providing your real estate agent with some basic information about your income, savings, and debt, he or she can assist you in getting pre-approved by a reputable local lender. Sellers like to see a local lender being used, as the seller too has risk in the transaction and likes to know the buyer is using a lender who is knowledgeable with the actual housing market in their area...not a big box lender in another state. The lender will then go over your financing options, what monthly payment amount you can afford, and what you can expect for down payment requirements and closing costs.
Choosing a home
For most buyers, choosing a home is an emotional process. An experienced agent can assist you in this process by offering objective information about each property you look at. From local community information like schools and zoning to home-specific details like condition and amenities, an experienced agent can help you find exactly what you’re looking for.
Making an offer
Once you’ve found the home of your dreams, an experienced agent will research recent comparable sales of similar homes in the area to help determine a fair selling price. Based on those comparable sales, as well as other factors like inspections and repairs, an experienced agent will then help you structure an offer and negotiate to get the very best deal possible.
Closing, or settlement, can be a complicated process. In some areas, the escrow or title company handles the closing process, while in other areas an attorney handles it. Regardless of where you’re buying, an experienced real estate agent can help ensure that everything goes smoothly.
And lastly...not all real estate agents are the same. When buying a home, look for an agent with LOTS of past sales experience! Ask that agent to show proof of their own personal (not their companies or team members) past sales. This will give you piece of mind you have a strong experienced negotiator who has your best interest at the forefront. Buying a home is one of the largest purchases you may make during your lifetime, get an agent who is not practicing their trade on your home purchase. Get an experienced agent who more than likely has "seen it all" and knows the ins and outs of the real estate industry and use their knowledge to put power into your home purchase transaction.