House Buying Checklist
You Need to be an informed buyer. There are numerous lists and informational packets out on the internet, but I thought I’d give you a very basic list that you can count on.
Buying your first home? See the information below for all your Home Buying Questions.
- Familiarize yourself with the mortgage process. Have mortgage questions? Speak to a few mortgage lenders to gather information on the differences and/or similarities of their individual loan packages?
- Get Pre-Approved before you look for a home and shop with the power of a cash buyer. A Getting pre-approved helps to smooth the entire home buying process.
- Get your financial picture in focus as soon as possible. Since it is an important component, be aware of your credit situation. Having your credit picture in hand makes it much easier to decide which way to proceed.
- The best time to work on your budget is before you move. Want to maximize your financial picture?
- Wondering about how much time is needed to buy a home?
- Find an Agent that you trust. It’s important to do this before you go rushing off looking for homes or you may end up with no representation. Click HERE to speak with Sheri Spirek.
- Determine your housing needs and wants to determine what types of houses you should be considering.
- Familiarize yourself with the various types of housing available: Single family, townhouse, and condo.
- If you are planning on buying or building a new home, check with your Realtor first, as they can and will negotiate the price of the home, even though its a new build.
- Have general questions about buying a home?
- It’s time to go House Hunting!
- Familiarize yourself with how to set a value on a house. This can save you a great deal of time and helps to avoid disappointment.
- When you find an acceptable house, with your Realtor, write an offer. Familiarize yourself with how offers become contracts.
- Negotiate your best deal using the information you have acquired with your Realtor.
- If you haven’t already done so, make a mortgage loan request.
- Arrange for home inspection. Protect yourself and DO NOT Skip this step! All of the work that you have done up to this point may be wasted if you do not thoroughly investigate the home.
- Learn about home warranties and what they cover.
- Compare and secure homeowners insurance. Since homeowners insurance is a long term investment, getting the best deal here brings savings that continue.
- Arrange for closing agent or attorney. Make all final preparations for closing.
- Make moving plans. If you plan to use a moving company, make comparisons and reserve time now.
- Secure final loan approval and commitment from the lending institution. If you have done your “up-front” work, this should be one of your easiest steps.
- Do a final walk through of the house.
- Final closing and settlement.Move to your new home and begin enjoying it–you deserve it!