Buying a home?
Buying your first home or condo in the Quad Cities? It's easier than you think!
Gather as much information as you can. This website will answer many of your questions. As always, feel free to call or email me with any questions you may have!
Familiarize yourself with the mortgage process.- Begin the application process by getting prequalified and preapproved from a mortgage lender. Do this first. I will need your mortgage qualification, and it will significantly strengthen your offer when you find a home.
- Get your financial picture in focus as soon as possible. Since it is an important component, be aware of your credit situation. You are allowed a free copy of your credit report . The best time to work on your budget is before you move.
- It is important to find an Realtor® that you trust and find competent, before you go rushing off looking for homes or you may end up with no representation. You can compare backgrounds, experience and more.
- Determine your housing needs and wants to determine what types of houses you should be considering.
- Familiarize yourself with the various types of housing available: Single family homes, townhouses, and condominiums.
- Familiarize yourself with how to set a value on a house. This can save you a great deal of time and helps to avoid disappointment.
- When you find an acceptable house, write an offer.
- Negotiate your best deal using the information you have acquired.
- If you haven't already done so, apply for a mortgage loan.
- Arrange for home inspection. Protect yourself and do not skip this step!
- Learn about home warranties and what they cover.
- Compare and secure homeowners insurance. Since homeowners insurance is a long term expense, getting the best deal here brings savings that continue.
- Arrange for closing agent or attorney. Make all final preparations for closing.
- Make moving plans. If you plan to use a moving company, make comparisons and reserve time now.
- Secure final loan approval and commitment from the lending institution. If you have done your "up-front" work, this should be one of your easiest steps.
- Do a final walk through of the house.
- Final closing and settlement.
- Move to your new home and enjoy! You deserve it!
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Copyright 2006
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Real Estate Websites by Fred Light
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