Tips for Buyers

The process of buying a house can seem really scary. You know there’s a lot of paperwork involved, and a lot of vocabulary that might sound like a foreign language. A lot of people don’t realize that they’ve got the financial resources to buy, or may have reasons they think they should continue renting. If you take a little time exploring this Web site, however, you’ll find answers to many of your questions, and hopefully the buying process will seem a little less intimidating.  

One of the most important things you can do is to make a checklist as you search for, find and buy a home. By keeping on top of your game-plan at all times you will greatly increase your chances of success. To save time, bookmark this page and refer to the following checklist frequently. You can also print out this checklist and let it increase your house buying effectiveness.

  • Familiarize yourself with the mortgage process. Have mortgage questions? Need a few mortgage tips? See the sections devoted to those subjects or ask us!
     
  • Begin the application process by getting prequalified and preapproved from a Mortgage Lender. Do this first. Your Agent will need your mortgage qualification, and it will significantly strengthen your offer when you find a home.
     
  • Get your financial picture in focus as soon as possible. Since it is an important component, be aware of your credit situation. You can get a free copy of your credit report or, see the credit center for additional resources for getting your credit report.
     
  • The best time to work on your budget is before you move. Want to maximize your financial picture? See the section devoted to budget hints.
     
  • Wondering about how much time is needed to buy a home? See the sample homebuying timeline.
     
  • Find an Agent that you trust. It is important to do this before you go rushing off looking for homes or you may end up with no representation. See the Agency and Buyer Agent pages for important discussions regarding “who represents who.”
     
  • Determine your housing needs and wants to determine what types of houses you should be considering.
     
  • Familiarize yourself with the various types of housing available: Single family, townhouse, and condo.
     
  • If you are planning on buying or building a new home, see our section devoted to building a house including house building tips, resources and how to find a contractor.
     
  • House Hunting Time! First, see the article devoted to finding the right home. Then, make a scorecard for each house to help you keep track of the properties you’ve seen.
     
  • We will help you familiarize yourself with how to set a value on a house. This can save you a great deal of time and helps to avoid disappointment.
     
  • When you find an acceptable house, we write an offer.
     
  • We help negotiate your best deal using our experience and the information we have acquired.
     
  • If you haven’t already done so, apply for a mortgage loan.
     
  • Arrange for home inspection. Protect yourself and do not skip this step!
     
  • Learn about home warranties and what they cover.
     
  • Compare and secure homeowners insurance. Since homeowners insurance is a long term expense, getting the best deal here brings savings that continue.
     
  • Call utility companies to schedule changes.
     
  • Make moving plans. If you plan to use a moving company, make comparisons and reserve time now.
     
  • Secure final loan approval and commitment from the lending institution. If you have done your “up-front” work, this should be one of your easiest steps.
     
  • Do a final walk through of the house.
     
  • Final closing and settlement.
     
  • Let us know what you liked or disliked about this web site!
     
  • Move to your new home and begin enjoying it–you deserve it!
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