The Home Buying Process S&D Real Estate Services

Buying a home usually represents your single biggest investment!

Today's real estate market can offer more opportunities, yet can filled with more risks than ever before. There are a multitude of factors to consider and decisions to make. When buying it is important to have all the available resources necessary to make a well-informed decision, together with the time required to make use of them. It is also important to enlist the help of a trusted S&D Real Estate Professional who will be able to provide expert guidance at each step of the buying process.

Step 1: Define your goals, research your options, and make your plans.

Given that buying a home is such a big step, it is very important to educate and prepare yourself as much as possible. This means clearly determining the reasons you're buying and what kind of home you're looking for. Since buying and financing a home are so closely related, it also means examining your current financial situation and projecting how much you can afford.

Step 2: Contact an S&D Real Estate Professional

Buying Real Estate is a complex matter with many factors to consider since no two homes or transactions are alike. With unique opportunities and potential pitfalls of the current market, it is more important that ever to contact one of our agents once you have decided to buy.

Step 3: Get Pre-Approved For A Loan

We recommend that you get pre-approved for a loan before you start viewing homes. You meet with a lender and they examine your credit history to make sure there are no hiccups. The lender will then approve you with documentation on the amount you can borrow to buy a home.

  • You will know what you are eligible to receive and be able to plan accordingly
  • You will be taken more seriously when you make an offer
  • Lenders can tell you if you qualify for special programs that will help you afford a better home

Step 4: View Homes and Find The One

The key to the home search process is knowing what you are looking for. Distinguish your "must-haves" and your "like-to-haves." It is very important to view homes in person. While the property details may seem similar online, homes can be very different in terms of layout, design, workmanship, and other aspects.

  • 92% of Buyers use the internet or mobile apps to search for homes
  • The typicl buyer searched for 12 weeks and views 12 homes
  • 97% of buyers view real estate agents as important in the home search process

Step 5: Make An Offer & Negotiate with the Seller

Once you have found the home you would like to buy, it is time to make an offer. Your S&D Real Estate Agent will help you during the negotiation process to guarantee that you get the best price.

Step 6: Secure Your Financing

Once you have a pending agreement, it is time to return to your chose lender to finalize mortgage details in order to close the deal. This means finalizing your down payment, interest rate, regular payment schedule, and all other financial conditions associated with closing.

Step 7: Close the Deal

If you have efficiently taken care of everything connected with purchasing your new home, taking ownership should be a positive joy with no surprises. Key steps to closing are:

  • The Final Walk Through - you will be given the chance to look at the home one last time to make sure it is in the same condition as when you signed the sale agreement
  • The Settlement- This includes paying your closing costs, legal fees, property adjustments, and transfer taxes.

Then You Get The Keys!

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