Buying a home is an exciting decision. The agents at Power Team Realty Corp. can help find the home you have always wanted. With over 20 years of experience, we have a good understanding of the locality and will guide you to a property that suits your needs. Contact our local and family-owned business today for a free consultation!
When it comes to buying a new home, you might become excited and overwhelmed that you might overlook specific crucial points. We’ll help you stay focused on your needs and budget. Our professionals will ensure that each step of your way, you make a well-informed decision.
Things to Consider Before Buying a Home
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, we 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, we can help you make the most out of your money.
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 bed and bathrooms will you need? Do you prefer a newer or older styled home? All are important factors to take into account during the home finding process. We are dedicated to helping you through the entire home buying process. Once we find that perfect home, we will prepare a written offer. With my experience in the market, we can help you arrive at an offer that both fits your budget and has the best chance of being accepted.
Once Your Offer is Accepted – After your offer is accepted, you’ll have a grace period to have the house professionally inspected and request repairs or counter offer if the situation arises. Once this step is complete, we will verify the terms and conditions of your loan and assist you in signing your papers. I’m here to assist you with any questions you may have during the process.
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, we can recommend reputable, local movers. Don’t forget to fill out your change of address forms and inform the utility company of your move!
Each home has its advantages. It’s essential to make sure that these benefits favor your needs. While the internet can list out homes that are up for sale, our agents can share expert advice and answer all your concerns.
After you buy a home, you’ll be spending a significant amount of time in your neighborhood and community. That is why it’s important to learn more about it before you make the purchase. Keep these in mind while you research your future neighborhood:
The property’s proximity to important locations, such as schools, your workplace, hospital, and more
If you are planning to sell your existing home and buy a new one at the same time, our agents can ensure that both transactions run smoothly. What if you’re unable to time the sale of one house with the purchase of another? You need a backup plan. Here are some tips:
Once you find the home that is right for you, it’s time to make an offer. There may be multiple offers for the same home. You’ll get only one chance to make an offer that the owner might agree with. That is why it is imperative to strategize it. Our agents will help you through this.
A lease is an option where the seller and buyer agree to rent the house for some time before buying it. A part of the rent, rent credit, would be applied. Always read the lease agreement document before signing.
Most sellers don’t prefer this option. The time-consuming loan process isn’t involved if you choose this option. You can avoid mortgage interest, loan origination fees, required appraisal, some closing costs.
Closing is the final step of the process. This is where all the people who are involved in the closing agreement sign it. All your dues should be paid based on the document, and the home’s ownership is transferred to your name.