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8 Steps To Homeownership

The process of looking for a new home can be exhausting but it's also exhilarating and exciting. You quickly make plans for your new life in your new home. But before you get too far, be sure you are ready for getting the job done efficiently.

  1. Your first order of business is to visit your financial institution and get pre-qualified for a mortgage. It's a simple process but it will equip you with the information you need for your own budgeting and to present to a seller as proof of your good intentions.
  1. Now that you know what you can afford, make a wish list. What do you need versus what you want? List the style, location and any special interests that need to be accommodated, such as a home office or a fenced back yard for kids and pets.
  1. Get professional assistance. Real estate can be a tricky business and you'll do better with the help of a dedicated real estate agent who can efficiently find the best home at the best price.
  1. Once you have found your home, an offer will be made. This negotiation process can be handled by your real estate agent. Your offer may be accepted, rejected or countered. If it is countered, you have the option of countering back until an agreement is finally reached that is in the best interest of all parties. Be sure any offer is contingent on a home inspection.
  1. With an accepted offer in hand, you'll want to re-contact your financial institution to complete the paperwork for your loan approval.
  1. Now it's time for home appraisals and inspections. Again, your agent will assist you through this process. If the inspection turns up problems or needed repairs, you can request these situations be remedied. An inspection usually costs a few hundred dollars but it is well worth it.
  1. Before the final closing and settlement, you, the buyer, have the option of a final walk-thru. This is to ensure the property is in acceptable condition and no changes have been made other than any needed repairs. This walk-thru usually takes place the day of or day before closing.
The closing is when all the legal paperwork is signed and the keys are handed over. It's the day you dreamed of when you first began your search. Enjoy your new home!

Copyright 2006 PropertySource Network



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Jeannie Hamilton
ABR, CRS, e-PRO, GREEN, GRI, SRES
Broker/Owner

Hamilton Properties
1100 Deer Trail Road
Boulder, CO 80302-9437

Office: 

303-443-9221

Cell

303-817-9988
Fax:  888-449-3611
Toll Free:  800-443-9212
Email:  jeannie@jeannierealtor.com

 


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Copyright © 2012 Jeannie Hamilton, Inc

Page Last Updated: January 24, 2012

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