Step by step
to buying a home
Step 1: Financing
The first step on the journey to home ownership is Financing. If you have cash just sitting around, awesome! If you need a loan though, it is probably your best bet to make getting ‘Pre-Approved’ your first mission. A Pre-Approval Letter from a mortgage lender shows you mean business to a home seller, and shows you as a buyer just how much home you can afford. They’re going to want a lot of documents and personal information from you, but it’s all pretty painless. They’ll check your credit, crunch the numbers, and pretty soon you’ll have a Pre-Approval Letter.
Step 2: Find an Agent
It’s time to get serious about your home search and talk to a REALTOR® about your needs in a property. We’ve toured the properties in the area. We know things that just don’t get listed in property descriptions, and we’re on your side. We’ll show you the comparable properties. We’re off-road ready, and have an agent that specializes in just about every property type. We represented more buyers than any other Brokerage in Grayson County in 2017 for good reason… We make time for our clients, and we pride ourselves on making the entire home buying process as stress free and easy as possible.
Step 3: Make an Offer
Next, you will work with your agent to make an offer. Once we find a property that suits your needs and is within your budget, we’ll begin negotiations with the Seller’s representatives on your behalf. We’ll handle all the hard parts to ensure that we get the best deal for you. There will be a lot of paperwork involved in submitted the perfect offer that will attract the seller to accept, but don’t worry, in this digital age, we can even send the all the forms for you to e-sign at the comfort of your own home. OR we can always meet you in person to go over them together and get to work on your behalf!
Step 4: Accepted Offer
When you are under contract, there will be a lot of stuff for you to do, so make sure to listen to your agent! Here is a checklist when you are under contract. Receive signed executed contract from the seller. Turn in option & earnest money to agent within 3 days of execution date.
Step 5: Option Period
During the option period, order a home inspection. [You may terminate any time in the option period]. Go over the inspection with your agent & negotiate any repairs. Work with your lender to get them everything they need to fund your loan.
Step 6: Closing
Pay for the appraisal – estimated market value of the property Receive a survey of the property Home Warranty – complete application Final Walk-Through with your agent Closing – sign, sign, sign!!! Welcome to your new home!
If you are ready to start the home-buying process, contact us today and we will set you up with the perfect agent for you!