Home
Buying A Home? Here Are The Basics. 200002 - 4/10 If you know what to expect – and you have a trusted team of real estate and mortgagelending professionals to guide you – finding and financing your first home can be an exciting and rewarding experience. Here’s what you need to know: Obtain A Mortgage Preapproval Before You Begin House Hunting • Learn how much financing is available to you • Strengthen your bargaining position with sellers Choose a Real Estate Agent • Ask mortgage lenders to recommend agents they work with • Select a reputable professional who knows the market and will listen to your needs • Ask agents for references from former clients Find the Right Home • Determine the needs of you and your family • Create a wish list of desirable features • Take notes as you preview homes Make an Offer • Your real estate agent presents your offer to the seller, who will accept, counter or reject it • When the price is settled, you and the seller sign a Purchase Agreement, defining the terms of the sale Have the Home Inspected • Hire a professional home inspector after the offer has been accepted to provide an in-depth look at the basic systems of the house, to reveal any safety hazards and give you a chance to reconsider the deal The Home Will Be Appraised • An appraisal, required by your mortgage lender, is a formal, written estimate of the home’s current market value Obtain Title Insurance (where applicable) • This guarantees that the property you are purchasing is free of liens or confusion in rights of ownership • The policy insures against any losses to the property that result from defects in the title or deed Close on the Property • Ownership of the property is transferred • A closing agent coordinates and distributes all the paperwork and funds And you become the proud owner of your new home! Whatever your home financing needs, I’m ready to help with a broad range of programs and personalized service.
