Check Your Credit – Your credit is crucial when applying for a loan; the better your score, the lower your interest rates will be. Be sure to check all three major credit reporting companies: Experian, Equifax, and TransUnion as the information in each report may vary slightly. Make sure you make copies of your credit report as well, and check your score well in advance of applying for loans.
Find a Lender – Most people need to take out a loan when buying a home, and you’ll want to be prepared to make an offer when you find that perfect home. It’s important to be sure that you’re approved for a loan before you start looking at homes, so you don’t miss out on any opportunities. If you need help finding a lender, I can recommend trusted lenders near you.
Price Range – Calculate what’s realistic for you before considering different areas to live in to be sure things stay within your budget. Once you know your range, I can set up a customized search for you, with specific criteria, in an effort to find the right home for you and help you maximize your investment.
Research – Finding the right home can be time consuming, but it’s important to consider everything before you decide. What’s the commute like to work? If you have kids, what are the schools like in the area? How many bedrooms, baths and car spaces will you need? Do you prefer or newer or older styled home? All are important factors to take into consideration during the home finding process. I am dedicated to helping you through the entire home buying process. Once we find the right home for you, I will prepare a written offer. With my experience in the market, I can help you create an offer that both fits within your budget and has the best chance of being accepted.
Once Your Offer is Accepted – After your offer is accepted, you’ll have a escrow period to have the house professionally inspected, requesting necessary repairs for primarily health and safety reasons, and come to agreement with the sellers on these requests. Once you get through the inspection, then the appraisal is completed. I will advocate for you if the appraisal on the home does not come in the same as the mutually agreed upon purchase price. Next, your lender will send off your loan for underwriting approval, in order to meet your loan objection deadline, which is typically within a week or so of closing, and when your earnest money becomes non-refundable. I am here to explain the process every step of the way and answer any questions that you may have.
Moving Time! – Now that you’ve found your perfect home it’s time to make moving arrangements. If you plan on utilizing a professional moving company, I can recommend reputable, local movers. Don’t forget to fill out your change of address forms, inform the gas and electric companies, as well as the cable company of your move!