Steps for Buying a Home

Step 1: Identify Your Needs.

"The average first-time buyer expects to stay in a home for around 10 years", according to the National Association of REALTORS®’ 2013 Profile of Home Buyers and Sellers. A licensed Realtor® can help you identify your present needs as well as talk with you about reselling the home before you buy. 

Step 2: Find a Trusted Professional.

It is absolutely vital that you find a licensed Realtor® who can understand your goals, understands the market conditions, and who is ready and able to guide you through all the steps in the home buying process. 

Step 3: Talk to a Mortgage Lender.

"Many first-time home buyers don’t take the time to get prequalified. They also often don’t take the time to shop around to find the best mortgage for their particular situation. It’s important to ask plenty of questions and make sure you understand the home loan process completely." 

Step 4: Be Ready to Make a Good Offer.

"It’s very common for home buyers to miss out on the first home they wish to purchase because they don’t act quickly enough . . . Remember that your offer is very unlikely to be the only one on the table. Do what you can to ensure it’s appealing to a seller." 

Step 5: Your Buying Budget.

"Even brand-new homes will require some work. Don’t leave yourself short and let your home deteriorate."

 

 

*quotes pulled from National Association of Realtors®  Article "How To Prepare to Buy a Home" 2015, Realtor Magazine.