For many people, buying a home is a hard thing to do because they do not know the process. This is why having a Realtor represent you will help educate you throughout the process. So, the first step is to call your local RE/MAX Realtor, as he or she can and will guide you throught the whole process. The typical Realtor will have a network of professionals whose help you will need.
Deciding on financing is the next step. Since you more than likely will not pay cash for your home, talking with an experienced loan officer is an important step. After filling out an application and becoming familiar with your situation, the loan officer will recommend a particular loan program for you. Different loan programs offer different down payments, fees, and rates, so by using an experienced loan officer you will get the best service.
The third step would be to find a home for sale that meets your needs. This is the part that a Realtor is most known for. They can get you in to look any home for sale in your area. Once you find the home that you love, then it is time to make an offer. Your Realtor will help you write your offer. There are a couple things that go with every offer, including earnest money, a proof of funds or pre approval letter, and a written offer.
Once the contract has been successfully negotiated, it is time to order inspections, appraisal, and title work. There are many types of inspections that you can do, however, most people choose to only do a termite inspection as well as a general inspection. The purpose of these is to find any major problems with the home, before you close on the property. Typically, you can negotiate with the seller to fix some minor issues. Next, the appraiser will do his job. Although similiar to an ispection, an appraiser’s goal is different; his goal is to put a value on the property. While all this is going on, a real estate attorney will be researching the title to make sure it is clear.
Closing is the final step. You’ll walk in with money and a pen, and walk out with keys to your new home!
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