Firstly, you need to make the decision to buy a home. Renting is always an option but if you think about the big picture, renting isn’t an investment and most mortgages will equal a monthly rent. The decision to buy a home is the first step of the home buying process. Homeownership is about more than pride, it is about security and investing in your future.
Up next is to meet with a lender you trust. Come prepared. Know your assets, credit score, and any other financial information you may need. Be honest with us and ask for any suggestions or help. It’s a lender’s job to provide you with resources and to further explain the different loan options.
Pre-approval! Make sure you are pre-approved before you go house hunting. It’s no fun to find out you weren’t approved and then have to wait longer before you can house shop. If you aren’t pre-approved, talk with our team. We’ll explain the necessary steps towards achieving pre-approval. Even though it takes work, anyone can own a home! Never forget that.
Finally, you’ve met with a lender and you were pre-approved for a mortgage. Now, it's time to find a home. Finding a home on your own is tough, but don’t worry, that’s where a realtor comes in. They work hard so you don’t have to. Not only will they find you a home but if you are trying to sell your current home, they’ll help with that too.
You’ve found the perfect home, spoken with your realtor, and you are ready to submit an offer. The best and scariest part of the home buying process. Homes can be off the market in an instant. A home you are thinking about making an offer for tomorrow could already be pending an offer today. Be quick and sure before you buy a home. Although you want to make sure the home is the one you want. You won’t have a lot of time to waste on decision making.
You picked the perfect home and have submitted your offer. Now, you’re at the closing table and you are ready to sign the papers. Congratulations, you're a homeowner. You’ve reached home ownership status and all that awaits you now is a huge investment and many memories you will make throughout the years.
Homeownership is a big step and understanding the process is important. Speak with our team and have everything planned out ahead of time. We're here to help!