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The Home Buying Process

The Home Buying Process

The process of searching for a home, from negotiating the contract, financing, closing and moving, can be complex, confusing and overwhelming. My goal is to help simplify and ease the process.

  1. During your initial consultation, I will help you determine your price range as well as the style, size, features and location of the home that best suits your needs. I will be able to answer any questions you may have.
     
  2. I will compile a list of the homes meeting your criteria and arrange a time to show you the ones you wish to see.
     
  3. When you are comfortable and ready to make a purchase offer, I will present your offer to the seller through their agent and help negotiate the final contract.
     
  4. After I have walked you through the closing process, you will receive the keys to your new home!
     

Mortgage Basics:

  • Prequalifying for a loan makes you a more attractive buyer and helps determine how much you can afford.
  • Get prepared financially. Review your credit reports, correct any errors, and gather recent bank statements, tax returns, pay stubs, and other financial documents.
  • Typically, payment, insurance and taxes don’t exceed 30% of your gross monthly income. You total monthly debt cannot exceed 40%
  • Down payments will range from 0% to 20% depending on buyer’s qualifications and type of financing desired.
  • Most mortgages are either 15 or 30 years.
  • Interest rates can be fixed or adjusted. Adjustable rates are less for the first few years, but may increase during the life of the loan.

 

> Download the home buying process

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