Nine Steps to Buying A House

If you are thinking of buying a home, take the time to speak to a Realtor®.   I am a planner so I can appreciate getting a timeline and not biting off more than I can chew.   I have a list of questions I ask that help you assess where your comfort level is for this big ticket item.   Resolving that question definitely will make the process easy and enjoyable.   I do the homework,  so you can enjoy the home! 

Nine Steps to Buying A House

Buying A House

Step 1 and 2 – Decide If You’re Ready To Buy And Hire A Realtor
®

Let me start by saying there are more (way more) than nine steps to buying a house but, the purpose of this post is to give home buyers a general overview of the process. There’s no blog post or infographic in the world that can replace the expertise of a local Realtor® and once you’re decided you’re ready to buy a house the very next step is to find an agent that is highly recommende, actively representing buyers, and someone who you feel comfortable with. Talk with friends and co-workers about their buying experience and if they had a great one ask for their agents contact info. If you aren’t sure if you’re ready you can always reach out to an agent and talk with them, get your questions answered and then make a decision.

 

Step 3- Get Pre-Approved

Some buyers miss this step and end up very disappointed when they have gone out and toured homes in a price range they end up not qualifying for. Determine your buying power in advance to avoid wasting time seeing homes you can’t get approved for. Ask your agent for lender recommendations, having the right lender is a key part of successfully purchasing a home.

 

Step 4 – Tour Homes

With the help of your agent locating available listings that match what you’re looking for you’ll then decide which homes you want to see in person. Touring homes is exciting! Once you’re inside you’ll start to notice more details about what you do and don’t like and even start narrowing the search to certain neighborhoods.

 

Step 5 – Choose The Home That Fits Your Needs

Decision decisions! Making the decision that it’s the home for you is a big one – most buyers just know when it’s the one but, that doesn’t mean a lot of thought and consideration don’t go into making an offer – they do. Your agent will be able to provide you with recent comps to review and guide you on how to structure the offer.

 

Step 6 – Negotiation

The amount of negotiation that occurs varies on every contract. In most cases price, contingencies, and settlement date will all be negotiating factors. Your agent will handle the communication and you’ll work together on the terms to be presented.

 

Step 7 – Secure Your Financing

You’re pre-approved, found the right house, have a ratified contract, and now it’s time to get your loan fully approved. Be prepared to submit extensive financial documentation, it’s a tedious process but, with the right lender will go very smoothly.

 

Step 8 – Fulfill Contract Contingencies

Contracts vary from state to state and you’ll need the help of your agent to navigate the deadlines. Home inspection, radon, financing, and appraisal contingencies are all very common. Each one has a deadline that needs to be met in order for the contract to continue moving forward. You also might have a review period for HOA or condo resale documents depending on where you’re buying. 

 

Step 9 – Settlement

You’ve made it to the day of settlement! You’ll likely have a final walk through before closing, and as a buyer you’ll be signing lots of paperwork to officially purchase the home. Settlement is a very exciting day and all the preparation and hard work comes full circle when you officially become a home owner!

 



 ************************************************************************************

Living A Dream Real EstateTwitterLiving A Dream Real Estate FacebookLinked In Amanda S. DavidsonAmanda S. Davidson - Featured on WUSA9
Broker/Owner Living A Dream Real Estate

12700 Fair Lakes Circle Suite 110

Fairfax, Virginia 22033

Cell: 703-431-3755
Fax: 703-562-7057
Web: www.livingadreamrealestate.com

Yvonne C. Burdette, Realtor in Springfield, Mo

 

 House in Nixa, Mo                

 Yvonne Burdette-Van Camp
Your REALTOR® in Springfield, MO   I Provide, So YOU CAN DECIDE!!!

Rhoads Real Estate

 

 

 

 

      Facebook Yvonne Burdette    Contact Yvonne C. Burdette in Springfield, Mo Murney Associate Realtors     Yvonne C. Burdette Realtor RSS feed Subscribe to My Blog   

  Google Plus  Trulia

Comment balloon 1 commentYvonne Burdette-Van Camp • October 30 2015 12:02PM
Nine Steps to Buying A House
share
If you are thinking of buying a home, take the time to speak to a Realtor®. I am a planner so I can appreciate getting a timeline and not biting off more than I can chew. I have a list of questions I ask that help you assess where your comfort… more
When Life Gets Crazy, We Persevere!!!!
share
Life, as I knew it changed in July of 2014, when first my Sweet Mother Dear was diagnosed terminally ill with breast cancer after a clean diagnosis the year before. As I began the grieving process to accept she was no longer always going… more
Fall Checklist for Your House
share
As a Home-Owner, a detailed check up of your home is like a visit to the doctor's office for a physical. You can then assess everything and know what is OK and what needs further attention. You also want to take measures to fix things that… more
What is Going on In and Around Springfield, Mo Sept. 20, 21, and 22nd
share
What is Going on In and Around Springfield, Mo this Weekend? The weatherman says, it's going to be beautiful! Get out and enjoy one of Car Shows, 5K's for a local charity… more
What's Going on In and Around Springfield, Mo September 13, 14, and 15
share
The Weekend is Here! There is lots to do In and Around Springfield, MO this weekend. Have a GREAT TIME everyone! Friday, September 13 Live Band… more
Celebrate the Ozarks with KY3 Ticket Promotion
share
Tonight, September 12, 2013, KY3, the NBC affliate in Springfield, Mo will broadcast their 5 and 6pm newscast from Silver Dollar City Silver Dollar City is a 1880's theme park complete with old time crafts and events and a ton of history .. more
What's Going on In and Around Springfield, Mo Aug. 30, 31, and Sept. 1
share
Well it is Labor Day, and the question is WHAT TO DO IN AND AROUND SPRINGFIELD MO this Weekend? I hear it will be perfect weather for Lake time on Table Rock Lake… more
What's Going on In and Around Springfield, Mo August 9, 10, & 11,…
share
It may be the Dog Days of August, but you wouldn't know it this year. The temps are a cool 75 to 80! I would grab umbrella, as it seems that we are having a few pop up showers. So excited to see… more
Springfield Cardinals Host Nixa Night July 23, 2013
share
The Springfield Cardinals are playing host to Nixa Area Chamber of Commerce on Tuesday, July 23 for Nixa Night at the Springfield Cardinals. Springfield Cardinals will have a specially designed t- shirt available for… more
LA Times just Quoted Me for Something I am Very Passionate About!
share
I was just quoted in the LA Times June 21st real estate article because of my comments on ActiveRain. Ever wonder what the benefit is to blogging, reading, and commenting? Well for me, it is about expanding my horizons,… more