What are the Steps to Purchasing a Home
Buying a home can be a little confusing at first. There's a lot of steps involved and it's important that you don't put the cart before the horse or you could wind up wasting valuable time and energy. Even if you've purchased a home before it can be difficult to remember all the steps; especially if it's been a while. So let me help you win at purchasing a home! Here we go.
Step 1: Call a mortgage lender and get a pre-approval letter to insure what you can afford. This is now a legal requirement before any Agent shows a home and you HAVE to have it present an offer so go ahead and rip the bandaid off. Think about it. Even if it wasn't a legal requirement what if you looked at a home you really liked and found out you couldn't afford it? Or worse yet, lets say you could approve it but there's multiple offers on the table and you can't get pre-approved for up to 48hrs. So the seller accepts another contract because you didn't have a pre-approval letter. Bummer right? So let's get this done. Call me for an honest, reliable mortgage lender.
Step 2: Speak with me, a Realtor, such as myself to get a better idea of what you're looking for and your situation so I can best help.
Step 3: Schedule showings
Step 4: Write up an offer when you find the right home. The fun begins
Step 5: Negotiations. Word to the wise, listen to your Realtor not your opinion or Zestimate from Zillow. An Agent like myself will look up comps to determine if the home is overpriced and what other homes in the area are selling for and what Sellers are giving to buyers in closing costs. If there are multiple offers DO NOT low ball. Expect to go more than asking price; especially if you want closing costs. Your first offer, no matter what in the Greenville market, needs to be strong. Our market is "hot" and there's someone else waiting for your home. Don't let that happen beaus you want to play "games." You'll lose every time!
Step 6: Turn in your ratified contract to lender to start the mortgage lending process. The lending process will be the most stressful part at this time so be weary. But there are some tricks I can tell you to make it a little easier and effluence for you.
Step 8: Order your appraisal with the lender ASAP.
Step 9: Schedule Home and Termite Inspections unless it's a new home
Step 10: Make a repair request with your Agent. There're only specific items you can ask for that the Seller has to complete so keep that in mind. I can review that with you in more details later.
Step 9: All docs during this time will be coordinated by your Agent
Step 10: If everything goes smoothly you close. Congratulations, you have a new home!!!
If you have any questions feel free to call me at 864-430-2451 or visit my website at www.buygreenvilleschomes.com