Home Buying Process

with Valerie Bomberger, ABR, AHWD

Setting your priorities is the first step in home ownership.
Buying a home can be daunting. Organizing your plans and expectations is a must. Whether you are a first timer or a repeat home buyer, this is an emotional and financial decision.

The best negotiators are the most informed, Ask yourself the following questions:
  • ​What can you afford? 
  • What is your credit rating? 
  • Do you have a down payment? 
  • Do you know the neighborhoods you prefer? 
  • What are the recently sold prices of homes there?
Want answers to these questions? Schedule an appointment with Val.

I have put together a list of Real Estate Terms you might want to read to help you navigate the Home Buying Process.

I have added a page on Understanding How Realtor Commissions Work

Below I have outlined the Home Buying Process from finding an agent to moving into your new home. 

Hire a Real Estate Agent
The process is not easy, and you will be glad to have experienced, professional advice to help you find properties, as well as guide you through the maze of forms, financing, inspection and negotiating. Find an agent who you like and who knows the community well. Learn More 
Arrange Financing
Most buyers need to finance the home purchase. Consult with a lender to find out the different types of mortgages and how you quality. Find out how much you can afford to borrow and get Pre-approved. This is a crucial step before beginning your home search. Learn More

House Hunting

Looking at properties can be fun, frustrating, and challenging. Where to live? What style of home? Old or new? Ready-to-go or a fixer-upper? Searching websites will bring up thousands of homes for sale. As you educate yourself on the market, your agent will help you narrow your priorities and make an informed decision about your final choices.  Learn More
Make an Offer
This is another area where your agent is invaluable in negotiating for you. Decide whether you will go with the asking price. The offer will include conditions, or contingencies, necessary for the sale. These are items that must be satisfied within a set time frame for the sale to go through. A home inspection should be scheduled.  Learn More 

Close the Deal
Closing or settlement or escrow are all terms for finalizing the sales transaction. The buyer and seller sign numerous documents and the closing agent disburses the money. The title company is responsible for having the deed and other documents recorded at the county office. Learn More 

Start Packing and get ready to move
Now the real fun starts. Time to pack, set up new utilities and schedule turning off old utilities. Check out my helpful information to get you through the moving process.  Learn More 

Want to learn more? Let us talk!


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