The Buying Process- Getting Started

The Buying Process

Making the Decision to Buy A Home

For many people, the decision to purchase a home is an obvious one- marriage, children, and “real jobs” are all typical prompts to take the leap into home ownership. For some others the decision is a less obvious one. If you fall into that second category it is importkeysant to evaluate why you would like to be a homeowner before you take the plunge. If you are on the fence, here are a few things to ask yourself:

Can I afford it? A good lender will help you determine a comfortable purchase price and payment on paper- but can you truly AFFORD it? If you already struggle to make ends meet as a renter being a homeowner will not make things any easier for you.

Do you plan on staying around for a while? Homeownership is a long term financial investment. If you know you will be relocating in a year or two, you may want to rethink ownership so you are not faced with a potential financial loss.

Is your job secure? In this economy that sounds like a silly question because it seems nobody is safe these days. If you are in a stable industry/profession however or have a spouse who does you can probably proceed more confidently.

Jump In With Both Feet!

Once you comfortably answer these questions, jump in with both feet! Commit to the process, surround yourself with knowledgeable professionals and go out there and find your dream home!

Here are some questions to ask yourself when you begin:

What type of home do I want?

What areas do I want to live in?

How much do I want to spend?

Where do I see myself in 5 years? Will the home I choose still fit my needs at that time?

It is important that you communicate as much information as you can to your Realtor. The more you tell them the better they can help you- we are not mind readers after all!

My Offer Was Accepted. Now What?!

After your excitement wears off, panic will likely set in. This is where your Realtor comes in. They will, in detail, explain what is going to happen over the next 30-60 days until you get the keys to your new home. In short- there will be inspections, an appraisal, MANY disclosures to review and sign, loan documents to sign, and then the worst part of all- MOVING!

OK, ready to get started? Click HERE!

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