Step 1: Financing
Do You Have a Lender?
Most home buyers use some level of financing to purchase their home. Securing financing for your home purchase is an essential part of the process and it is helpful to determine early on what financing you qualify for. Finding the right lender can be difficult if you don't know where to start. We are always ready to recommend excellent lenders in our area that you can reach out to for help - just ask an agent for a list of recommended lenders
Home much House can you afford?
Just because you qualify to spend a certain amount doesn't mean that you want to spend that amount. I tis important to determine how much you are really willing to spend on your house payment and then find a home that will fit into that budget.
Do you qualify for home buying assistance?
There are some great programs that lenders can help you access that will provide financial assistance to buyers who qualify. Be sure to ask your lender if you could take advantage of any of these products.
Step 2: The Home Search
What are you lookng for in a home?
Searching for a home to buy can be an exciting and fun process. While there are many resources available to you for searching on your own, having a qualified Realtor® on your side can make all the difference in the world. Our number one priority is to help you find the right home, the the right place, for the right price.
Where you do you want to live?
The search for your next home can be as specific or general as you would like. Do you want to live in or near a specific town, area, or neighborhood? Do you want to limit your commute to a specific range? Do you want to target a specific amenity or natural feature? All these considerations can be factored into the search for your next home.
Finding the right home for you
With the right criteria in hand, we can curate prospective homes for you to consider based upon your needs and schedule the right showings for you. We help you zero in on the right property so you are ready for the next step.
Step 3: Making An Offer
Writing a winning offer
When you have found a home that you want to purchase, the next step is to make a offer on that property. Your agent will guide you through the process of crafting an offer that will include a purchase price as well as many various negotiable terms, deadlines, contingencies, and provisions. A well developed offer will not only open the door to purchase a great home, but protect you from many problems that could arise in the process.
How much should you pay for a home?
Your agent will be able to to help you understand the current housing market and the variables that help determine fair market value for a home. They will be able to provide you with an evidence based Comparative Market Analysis (CMA) to help you decide how much you should be expecting to pay for a home - and protect you from overpaying!
Negotiating for the best value
Your agent will work hard on your behalf to negotiate the price and terms for your home purchase that will insure that you are receiving the best possible value in your home purchase.
step 4: Under contract - Due Dilligence
A THOROUGH Home Inspection
When buying a home, there can be much more to the homes condition that meets the eye. Your agent will help you to determine a qualified and reputable professional home inspector who can carefully scrutiny every aspect and system within a prospective home. If issues are found, your agent will help you negotiate to have those issues corrected.
Understanding the Title commitment
When you are buying a home, a clear title is essential. Your agent will help you to understand all of the possible issues that could arise on a title search, and how to clean up a troublesome title before you purchase.
Getting a reliable Appraisal
Nobody likes to overpay for a home. That is why it is always a good idea, and often required by a lender, to get an appraisal. If necessary, your agent will help you to find a highly qualified appriser to help you determine the value of the home you are buying.
Documents, Documents, documents
Buying a home can certainly include what feels like mountains of paperwork and documents to read and understand. Your agent will make sure that you have access to every possible important fact about the home that you are buying and help you to clearly understand the nuances of all that information. We're here to make sure you are never I the dark.
Step 5: Closing
FINALIZING Your home purchase
Once all of the above steps are complete it is time to close. These days, closing may be done in person or remotely. In either case, you should be prepared to complete all of the final transaction paperwork. Once this is completed, your transaction will be closed and you will be able to move in to your new home.
Choose A Durango Star agent today
We want to help you achieve your dream of owning your own home. Contact our team today!