This is the absolute busiest time of year for some and buying a house is the very LAST thing on your brains. But that’s the beauty of this little ole’ bloggeroo – you can read it any time your heart desires. So I’m going to take advantage of this caffeine-high I am on right now and type away.
If you saw my previous post, you know that coming up on Saturday, January 21 there will be a SUPER GREAT event at the RE/MAX Advantage office in downtown Brenham. With the help of Mr. Neil Davis (a mortgage loan officer), I will be hosting a First-Time Home Buyer’s event for anyone who may be interested in buying a home.
But before that happens, I thought I would go over the actual process of buying a home, because until I actually did it, I honestly had no idea of what all went down.
Before I start this list, I’d like to point out that every person’s situation will be a little different. So while this list will comprise all of the general steps, there may be a few more or a few less when you actually take the plunge.
Want to become besties with your Realtor? Get pre-approved. This is a HUGE step forward. This means you take a little trip to your local banking establishment or call Neil Davis (713-858-1726) and get the DL on what you can afford. Sometimes a Realtor will show you properties even if you don’t have a pre-approval letter, but sometimes they won’t. Here’s how it will go:
You: Hi, I’d like to start looking at homes! I’m a first-time buyer.
Realtor: Great! What are you looking for?
You: 2 bed, 2 bath. Somewhere under $150,000.
Realtor: I’d be happy to help! Have you spoken with a Lender?
You: No, I’d like to just browse at first and see what is out there.
And if you don’t want to experience the rejection, I’d say just get it over with; get your pay stubs, tax info, and any paper work you think may have event the slightest importance and high-tail it over there.
2. The World is Your Oyster (within a reasonable price range)
After you get that magic number from the Lender, THE FUN BEGINS. Give your Realtor (me) the specifics of what you are looking for and saddle up. You may find it in the first 3, or it may be number 15 or 16. This is the part where you DO NOT want to rush. It’s your HOME. And that’s kind of a big deal. So get ready to drive all over the countryside until you find THE ONE.
I really don’t drive like that…
3. Make an Offer
After you find your dream home, the work begins for your Realtor (me). Together, we will come up with a reasonable offer and present it to the Agent representing the property. Shortly after presenting your offer we will find out if the offer was accepted and if it is…
4. Inspections. Appraisal. Other Stuff.
After a contract is in Escrow at a title company, the Agent (me) will work with the other Agent, the title company, your Lender (Neil Davis) and any inspectors. It can be a quick process as long as everyone cooperates and has their ducks in a row. Fingers crossed all reports come back a-ok…it’s a breeze!
Guys. It’s not that hard. YOU CAN DO IT…as long as I’m your Realtor. 🙂