Home Buying 101

What are you looking for in your new home?

Set Realistic Expectations

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Steps To Buy Your Home

Step 1: Get Preapproved by a local lender

Getting Preapproved
Before you begin your home search, you must first get preapproved by a local lender. The preapproval process takes 15 minutes. Getting preapproved helps you identify a mortgage payment that you feel comfortable paying every month. Here is a list of financial information you need to provide a lender to get preapproved:

-2 most recent bank statements
-2 most recent paystubs
-2 most recent W-2 forms
-Investment account information
-401K information if applicable

Step 2: Determine your new home criteria

Dream homes
What does your dream home look like? Where is it located? Honestly, prioritizing new home criteria is the most difficult part for many home buyers. We encourage home buyers to pick their Top 3 Must-Haves to narrow the home search. The common Top 3 Must-Haves are the following:

1. Price

2. Commuting Time

3. Schools

Step 3: Find your home of choice

Understanding the Local Real Estate Market
We focus on educating our home buyers about the local real estate market. Based on the inventory, we find the best home which meets your criteria.

Step 4: Price Negotiations

Placing a Winning Offer
We help home buyers understand the buyer and seller perspective to create a WINNING price negotiation strategy.

Step 5: Home Inspections

Identifying Defects and Repairs
We encourage home buyers to hire a professional home inspector to assess the condition of the home. The home inspector will check mechanical systems, structural, plumbing, electrical, and appliances in the home. We understand you need to make sure your investment is sound and by minimizing your risk of repairs.

Step 6: Home Appraisals

Determining Home Valuation
We encourage home buyers to hire a professional home inspector to assess the condition of the home. The home inspector will check mechanical systems, structural, plumbing, electrical, and appliances in the home. We understand you need to make sure your investment is sound and by minimizing your risk of repairs.

Step 7: Homeowner's Insurance

Comparing Insurance Policies
Homeowner's insurance policies are required to protect your belongings inside your home. We encourage home buyers to compare quotes between several insurance carriers to get the best coverage.

Step 8: Closing

Receiving The Keys
Your journey finally comes to an end. At closing, also known as settlement, is when you sign your loan documents, pay your down payment and closing costs to receive the keys to your new home. Home buyer's closing costs include loan origination fees, title insurance fees, property taxes, title service fees, and homeowners insurance premium. Congratulations you are officially a homeowner!