In the market for your first home? The process can seem daunting, but it doesn’t have to be. With these seven things to consider, you can reduce the stress and make the process efficient.

Steps to your first home:

  1. The Pre-Approval Process
    Talk to your lender before looking for a home, not after. Getting a pre-approval first will allow you find a house that fits your lifestyle and your budget.

  2. Finding A Realtor
    Today, finding a Realtor is easy. Google search “Realtors near me” and multiple lists pop up. But hiring one that is the perfect fit for you and your family is key. Evaluate their credentials, check out their website, and read their online reviews. Ideally, the Realtor you choose will be able to show proven results and will be aligned with your goals.

  3. Appraisal Time
    Once you have found a home, it’s time to get an appraisal to help ensure you don’t over-borrow. An appraiser will determine the value of the home by comparing it to similar homes in your area and to current market trends.

  4. Inspect That House
    Home inspections cover multiple areas. A standard inspection could include checking the heating system, air conditioning, plumbing, roof, walls & foundation. This report will help you decide if the home is worth the investment.

  5. Signing The Purchase Agreement
    Purchase agreements are binding agreements between you and a seller that outline, in detail, the home sale transaction. They can also be referred to as real estate sales contracts, home purchase agreements, real estate purchase contracts or house purchase agreements.

  6. Homeowners Insurance
    Be prepared to pay for your first year of homeowner’s insurance at closing. This insurance will cover your house, your personal property, a place to stay (in case of an accident) & legal bills. More often than not, Homeowner’s Insurance is mandatory when dealing with a mortgage lender.

  7. No News Is Good News
    It’s typical to have a lag period during the home buying process. During this time, title companies make sure every detail is covered (a clean deed or transfer of mineral rights, for example). Your Mortgage Lender is tying up any loose ends and getting ready for closing. Remember if you aren’t hearing from your lender or your real estate agent, that’s a good thing.

If you’re looking for a home to buy, check out our newest listings and upcoming auctions.