Simple steps to buying a home

Buying a home can be overwhelming for a first time homebuyer. With all the available loan options to consider, homes to view, choosing the right Realtor® and the pages and pages of paperwork, it is easy to see how quickly this process can make you want to pause your homeownership dreams.

Everyone wants a stress-free home buying experience and unlike the infamous Jackson Five song, a real estate transaction may get more complex than a mere 1-2-3 process. That’s why it is important to have an experienced team to help you throughout the process. We’ve put together some simple steps to help you get started.

  1. Check your credit score and get pre-approved.
    Start your homeownership journey early. It’s important to know your credit score. The higher your credit score the more loan options you may have available to you. Your lender can pull your credit score for you. However, if it has been awhile since you have checked, you may want to check it even before you meet with your lender. If there are items on it that are incorrect or need to be removed you can deal with them in advance and possibly even increase your credit score.
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  3. Find a good Realtor® who is familiar with the area you have chosen to purchase a home.
    Be sure to choose a Realtor® who not only knows the area but also listens to what you and your family are searching for in your ideal home. You’ll want to share with them your pre-approval amount, preferred location and features you desire in your home. Choose a Realtor® who is trustworthy, knowledgeable and has strong negotiation skills.
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  5. Find your dream home.
    You’ve picked your lender, received your preapproval and chosen a great Realtor®. Now it is time for the fun stuff – viewing potential homes. You may see a lot of them, be sure to check the light switches, open the windows and doors, etc. Note various things such as, will your bedroom furniture fit in the master bedroom? Is the backyard big enough for the kids and any pets to play in? What about entertaining? What about the size of the home? Tiny homes may be trending right now but are they a good fit for your needs?
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  7. Make your offer.
    Your Realtor® will be best suited to help you in presenting the seller with your best offer. They will be able to pull comparable sales in the area to help determine what price range you should use for your offer. Depending on which state you live in, your Realtor® may also write the sales contract. Once you have made your offer, if the seller accepts, then you may begin your home inspections and complete all of your loan paperwork.
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  9. Close and move into your new home.
    Once all your final details have been completed, it’s time to sign the official paperwork. Review and sign all of your loan documents and pay any remaining fees, such as your down payment. Once all the fees are paid and documents signed, the home is officially yours. Now comes the hardest part of the whole process; convincing your friends to help you move! Good Luck.

    Buying a house and moving in for the first time – priceless. Group of people moving boxes
    Buying a house and moving in for the first time – priceless.

In the meantime, we’ve put together a handy guide for you to help you feel more confident and informed about the home buying process. Our knowledgeable staff is here for  you every step of the way. Download your FREE home-buyer guide and start your journey to homeownership today.

If you would like to make your first home purchase soon, talk to the lending experts at Lenox/WesLend Financial, call 844-225-3669. As heard on the radio, it’s the biggest no-brainer in the history of mankind.