Buying a home can feel like an overwhelming transaction. Luckily, your St. George real estate agent is here to help! Here is a step-by-step guide to purchasing your next home.
There are several aspects of your next home to research before you even start looking. You need to figure out where your credit score is at, and what your budget looks like. You also need to research possible locations, school districts, and neighborhoods to decide where you want your family to settle. You need to decide what you need in a home, and what you’re willing to compromise on. Answer these basic questions before you do anything else.
Get Pre-Approved for a Mortgage
Once you have figured out your budget and determined you have an eligible credit score, talk to your bank. You will need to get pre-approved for a home loan before you begin negotiating, so it is best to get this out of the way early. You can also use this information as you look at homes and decide what you can afford.
Hire a Real Estate Agent
Now that you have your finances in order, it’s time to hire a real estate agent. Look for someone who knows the area well and can help you find the best deals. Your real estate agent should tend to your needs and show you homes within your budget. Find someone you are comfortable with and who you feel as though you will work well with.
Search for Your Home
Now, with the help of your real estate agent, you can start looking for a home. Go to open houses, arrange viewings with your real estate agent and keep an open mind. Take the time to look for something you really want. Don’t rush or settle. But keep an open mind and be realistic. Your agent can help you know when you’re ready to make a decision.
Make an Offer
With the help of your real estate agent, you need to make an offer on the home. Since you are already pre-approved, you know how high an offer you can afford, but should typically give yourself room to negotiate. Your agent will help you throughout your negotiations to make sure you get the best deal.
If the current homeowner accepts your offer, then you need to conduct a home inspection. Hire a reputable contractor and attend the inspection yourself to make sure everything is done correctly.
Paperwork and Closing
If everything is set for your home, you just have to finalize your home loan, sign the paperwork and pay the closing costs. A move in date will be set and congratulations! You just bought your home!