Steps to Becoming a Buyer
1. Getting Ready
Buying a home is one of the most emotional and largest investment that people will make in their lifetime. So how do you decide when it’s the right time to purchase a home?
Fortunately, there is never a wrong time to purchase. The key is finding the right home that matches your ambitions and taking the time to evaluate one’s finances in order to be fully prepared.
Take a moment to write down all your necessities for your new home and those that you wish to have included.
2. Finding The Right Agent
Now that you've handled your finances and have a rough idea of what is on the table, the next step is to find the right realtor that fits your needs.
Below is a link to why you should choose our agents:
3. Pre-Approval Financing
Before you can begin your hunt for a new house, you have to have pre-approval. In order to get pre-approval, a mortgage lender will need to review your finances and approve you for a mortgage amount.
Your Realtor will help make this as stress free as possible and suggest their trusted lenders to you.
For more information, click the below:
4. Time to Search For Your Dream House
Once you found the right realtor and have pre-approval, it's time to go house hunting! Your realtor will ensure the search with only include homes that fit your specific criteria and budget.
If your ready to start looking, click below: .
5. Make the Offer
You've finally found that perfect house and are ready to make an offer. Your realtor will assist you in deciding on the price by giving your supporting facts from other sold properties in the neighborhood and any other information that will give you a realistic understanding of what to consider.
After all, this is one of the largest investments you will make in your life. Your realtor will ensure that you are well informed before deciding on the offer price.
Once ready to submit, your realtor will make sure that every step of the process is clearly understood by you and any actions taken are made with your permission.
6. Due Diligence
Your offer has been accepted! However, we can't celebrate yet. It's time to have an inspection done on the house.
Your agent will refer an appropriate provider.
The inspection will find any issues that may not have been disclosed by the Seller or the Seller may not have known of.
Once the inspection is done, any issues that may have arised are resolved, It's time to go to closing.
7. Close The Deal
We are in the "home stretch" of things, but to ensure that the deal goes smoothly, you have to maintain these:
1. Don't Change Your Finances:
Do not make any large purchases (like a car) at any time of this process. It can cause the deal to end right there. It is crucial to keep your financials consistent until the deal is done.
2. Stay In Contact With Your Realtor & Financial Consultant:
Make sure to answer all phone calls, emails, and sign paperwork when needed to ensure this process goes well. It is important to stay in constant contact with your realtor and financial adviser throughout this process as they will give you their best professional opinions on how to progress further.
8. Congratulations!
You did it! You are now the owner of your dream home.
It is time to celebrate!
The home-buying process is complete and now it's time to enact your maintenance plan. It is important to know when to fix the small repairs needed for your home in order to avoid big, costly home repairs.
This does not mean your relationship with your ENR realtor has to end! Quite the contrary, your realtor can assist you in other areas that pertain to your home. Such as referring you to a great repair provider or contractors need for house improvements, offer you news about the market, and give you updates on what your home's current value is.