The Home Buying Process: A Comprehensive Guide 

You’re ready to take one of the biggest steps that you’ll ever take in life. It’s time for you to move out of your parent’s place and start the home buying process.

There’s more to securing your first house than finding a place that you love. You’ll have to do a ton of paperwork, and taking out a mortgage is a lot harder than it seems.

If you’re not careful, you could end up making huge mistakes. Mistakes that will cost you in the long run.

To stop that from happening, check out this guide to learn everything that goes into buying a house.

Find a House

The first step of buying a home is to find one that you love. A real estate agent can help you with this. All you have to do is tell them what you’re looking for, and they can handle the rest.

While your real estate agent does their job, you can do your part by driving around neighborhoods looking for “for sale” signs or checking online.

Secure Your Finances

The hardest part of securing a home is finding a way to finance it. If you have less than stellar credit, there’s a good chance that you’ll get turned down. So, you’ll need to work on that first.

If you’re denied, take a year or so to fix up your credit before submitting another mortgage application. Before you do that, however, talk to your bank to see if they offer help for first-time homebuyers. You’ll still have to pass a credit check, but it might be a little more doable with your current score.

Extend an Offer

Once you have your funding in hand, it’s time for you to extend your price offer to the seller. Your real estate agent can assist you with this.

They’ll help you find out how much money the home is worth and negotiate with the seller. If the seller decides to accept your offer, you’ll meet with them.

During this time, make sure that you ask plenty of questions. If you’re not sure what to ask, read more now to find out.

Have the Home Inspected

Just because the home you’re getting seems perfect, that doesn’t mean that it is. There could be a ton of hidden issues that you wouldn’t know about unless you were to schedule an inspection.

If the inspector notices a defect that the seller failed to disclose in the listing, you can take back your offer. If you had your heart set on the home, you might be able to negotiate with the seller and get the problems fixed at no cost to you.

Your Guide to the Home Buying Process

Going through the home buying process is long and stressful. If you don’t know how to go about it, you could end up making some costly mistakes.

Don’t let that happen to you. Get on the phone with an experienced real estate agent today and follow the steps that we’ve laid out for you.

Now that you’ve moved into your dream house, it’s time to get it looking the way you want. Check out our blog to find out how to get started.