For most of us, buying a home, especially for first time buyers, can be stressful or down right intimidating. However, having an understanding of the process before getting into it can really help ease some of these worries. As agents, our job is to make this as easy and enjoyable as possible, and show potential buyers that this process is nothing to fear, but one to look forward to as another milestone in your life. Here are 10 things to do after deciding to buy a house:
1. Determine your budget: Before you start looking at houses, you need to determine how much you can afford to spend. Consider your income, expenses, and other financial obligations to establish a budget. Step 2 will help determine this as well, so you won't be flying solo, but ultimately you know more about your month to month spending obligations more than anyone else. 2. Get pre-approved for a mortgage: A pre-approval letter from a lender will show sellers that you are serious about buying and can afford the house you want. 3. Find a real estate agent: An experienced agent can help you navigate the home-buying process and find homes that meet your criteria. 4. Start looking at homes: With your agent, begin your search for your dream home. Look online, attend open houses and viewings, and drive around neighborhoods that interest you. The tools and resources agents have at their disposal will really streamline the process and narrow your search to help pinpoint your dream home efficiently. 5. Make an offer: When you find a house you like, work with your agent to make an offer that is fair and within your budget. 6. Get a home inspection: A professional home inspection can help identify any issues or potential problems with the house. 7. Hire a real estate attorney: While this is not always necessary, more complicated transactions could benefit from a lawyer who can help you navigate the legal aspects of buying a home, such as reviewing contracts and negotiating terms. 8. Secure homeowners insurance: You'll need insurance to protect your investment in case of damage or disaster. 9. Plan for moving day: Create a plan for moving your belongings and setting up your new home. 10. Enjoy your new home: Congratulations, you've done it! Take some time to celebrate and enjoy your new home.
Buying a home can be an exciting but complex process. By following these steps, you can make the home buying process more manageable and enjoyable!
-- Aaron Bloemer, REALTOR® at Heartland Realty Group - Coldwell Banker NHS