What to expect when you're purchasing a home:
1. Get pre-qualifed
Get pre-qualified with a reputable mortgage lender. Don't know one? Please leave me a message and I can refer you to one of my trusted partners. Complete a wants/needs list Pre-qualilficationis buying power!
2. Wants/Needs List
Complete a wants/needs list pre-qualification is buying power for your home search.
3. Allow "wants" to Be Great Buying Features
Looking at houses is exciting time. Remember that paint can be changed and fences can be built. Look for items listed on your "needs" list and allow the "wants" to be a great buying features.
4. Write an offer with your Realtor
Have your mortgage lender write a pre-qual specific to the home in which you are making an offer. Be prepared to write a due diligence and earnest check at this time.
5. Offer Accepted
Once your offer is accepted, these are the due diligence tasks I recommend:
- get the home inspected
- get a homeowner insurance quote
- loan commitment
- negotiate repairs
- others appropriate inspections
- hire a closing attorney and schedule the closing
- order a survey
When due diligence has expired, schedule your utilities to be turned on days of closing. Change your address and other neccessary items to help your move as seamless as possible.
The HUD will have a lot of figures that are involved in the purchase of your home. The closing attorney will be able to walk you through all the numbers prior to closing. Bring your photo ID and be prepared for 1-2 hour closing at your selected attorney's office. After the closing, the attorney will need to record your deed. Once recorded, the keys to the home will be released and you are free to move in.