Step One
How much can you afford?
BankRate.com has many useful calculators to help you determine what you can afford and how much you will need to save.
You’ll want to consider the following when preparing to buy a home. Its natural to have questions, and we’re to help. Join us at our next buyers seminar to learn more about everything below.
Loan Type “ask about our lenders”
Down Payment “assistance available”
Step 2
NOT ALL LISTINGS ARE THE SAME
Below are the three most common types of listings. It’s our job to help you navigate the market and help make the buying process a breeze.
Traditional Sale - Closing in 30-45 days
Short Sale - Their are three parties in this sale. The buyer, the seller and the lender. The sales contract is contingent on third party approval. This process can take as little as 45 days or as long as 15 months.
REO / Bank Owned - In this case the property has been foreclosed on by the lender. The timing on this type of transaction can be faster than a short sale. These types of transactions will require extra guidance from your realtor, as special addendum’s and modifications are standard.
Step 3
Prepare for closing
Now that you’ve found the perfect home and secured lending there are just a few more points to consider.
Be sure not to apply or open any new credit lines till after closing.
Ensure you keep all bank and credit statements current just incase.
Select a home warranty
Choose a move out/move in date
Schedule your home inspection
Final walk through
Closing! Welcome Home.