Here are just a few basic steps you need to know before buying a house, that will make your transaction much easier.
- Pre-Approval for a Loan: Connect with a good Loan Officer. You will need to have your wage information, tax returns and bank statements ready. Your loan officer will help calculate how much you can afford to spend and the amount needed for your down payment and closing costs. Once you have your loan pre-approval, have it ready to share so when you are ready to write and offer nothing will hold up the process.
- Find a Home: Research in advance the area in which you would like to live, including neighborhood statistics, schools and future growth projections. Find an savvy Real Estate Agent who is experienced in helping you find the perfect home for your needs. Write a strong Purchase Agreement and have a home inspector check out the property. Negotiate repairs if needed.
- Close the Deal: Schedule a final walk-through just prior to closing. Bring photo ID and certified funds to the closing. Sign the transaction papers provided by the title company and wait for the deal to fund, which is when you will get the keys. Do the Happy Dance and Live Happily Ever After (or until you decide to do it all over again!)