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- 1. Save Your Down Payment
- 2. Know Your Credit Score
- 3. Find a Real Estate Agent
- 4. Get Pre-Approved
- 5. Go Home Shopping
- 6. Make an offer
- 7. Get a Home Inspection
- 8. Get a Home Appraisal
- 9. Close the Sale
- 10. Move In
- 10. Move In!
- Contact Us When Ready to Buy, Sell or Rent a Property?
- Email the Martin Group
1. Save Your Down Payment
Many people believe you need a 20% down payment to buy a home. There are loans available that allow buyers to put down as little as 3% or 0% with a VA or USDA Loan.
2. Know Your Credit Score
Your credit score is a numeric representation of your history and ability to pay back debts in the past. Different home loans have different credit requirements.
3. Find a Real Estate Agent
Once you have a handle on your credit score and down payment savings, contact a local agent who can guide you through the process of buying your home.
4. Get Pre-Approved
Your agent will have a list of lenders that you can work with to get pre-approved for your mortgage loan. This will help keep you on budget during the next step!
5. Go Home Shopping
Make a list of what you want vs. what you need in your next home. Your agent will use this list to find homes for you to tour.
6. Make an offer
Your agent will help you determine the best price to offer in the current market for the home. In a competitive market, you may net be the only one bidding and will want to stand out!
7. Get a Home Inspection
Once your offer is accepted, you will want to do a home inspection to ensure there are not any hidden issues with the home.
8. Get a Home Appraisal
Your lender will arrange for a home appraisal to ensure that the property is worth the price that you have agreed to pay for it. The bank will only issue a loan for the appraised value.
9. Close the Sale
Once your loan is approved, your lender will schedule a closing date. This is the day you sign all your paperwork to complete the purchase and get the keys to your home.
10. Move In
Congratulations! You are now the owner of the home! And time to move in. Your agent can give you some recommendations for moving companies. This is the beginning of your next phase in life. Enjoy!
10. Move In!
Congratulations! You are a Home Owner beginning the next phase of your life.
Contact Us When Ready to Buy, Sell or Rent a Property?
We want to help… let’s talk!
Email the Martin Group