Before you begin to look for your new home, determine your needs and follow this seven steps to buying your home to make the home buying process a positive experience before you hit the streets.
From choosing the type of home best suited to your needs up to the day of moving, this Buyers Guide ensures a pleasant, informed experience.
Congratulations on your decision to purchase a new home! Before you go house hunting, it’s a good idea to define what kind of home and neighbourhood would best suit your desires and needs and make a wish list. Share this list with us, Your Realtors. The finer the details, the more effective your home search will be. Click Here to See New Listings
There are two ways to go about this: “pre-qualification”or “pre-approval”for a home loan. As Your Realtors, we can refer you to a mortgage broker to begin the process. In most markets, pre-approved buyers are preferred by sellers over those who are pre-qualified. Your pre-approved status lets the seller know:
One of the main steps to buying your home and the most efficient route is to allow your Realtor do the initial scouting for you. Using your wish list as a guide, he or she will alert you of new and existing listings that have strong potential. Once you narrow down your list to your favorites, TaraNova Real Estate will arrange home tours at your convenience.While we review the properties, we can point out which features are great and which ones are not. You want to make sure that not only are you buying the house of your dreams, but you are also buying a house that will keep and/or increase the future value. After all, buying a home is one the most expensive investments people make! So, invest well!
When you’re ready to make an offer on a home, your Realtor will help you determine the offer price by reviewing recent sales of homes similar in size, quality and amenities. With your input, TaraNova Real Estate will draft a written contract that outlines what needs to be done by both parties to execute the transaction. If the seller accepts the offer, the document becomes a binding agreement, so it is essential that you carefully review it with your Realtor and speak up if anything is not clear to you. It’s important to note that if the seller changes any aspect of the offer, it is not a binding agreement until the buyer agrees to the seller’s changes.
Sometimes, you get lucky and the seller accepts your offer as is. However, in most instances, the seller will make a counter offer. This is where your Realtor’s experience in negotiations will be invaluable. Because you and the seller have different goals, rely on us, your Realtors, to bring order and calm to the process and help both parties reach a favorable outcome. Keep in mind almost everything is negotiable when you are buying a house. This can give you a great deal of leverage in the buying process – that is, if you have adequate information and you use it in an appropriate manner. Some items you may negotiate are:
Remain in close contact with your Realtor so you can quickly review any changes from the seller.
The next steps to buying your home is when an offer becomes a binding agreement, and TaraNova Real Estate will help you tackle the checklist of action items that you, as the buyer, have agreed to perform prior to closing. Here are some extra closing costs that you want to put your money aside:* Conduct a home inspection. It may range from $300 to $600.
(We will help you arrange a home inspection)* Get an appraisal and finalize your financing.
Having these procedures done in a timely and professional manner is a must, as any delays could threaten a successful closing. A first-rate Realtor should be able to serve as your “one-stop shopping”referral source for service providers. As your Realtor, we will also serve as your advocate, helping to co-ordinate activities and making sure the vendors have access to the property to perform their jobs. As we say, “One Destination…A World of Service”.
Congratulations! The moment you’ve been anticipating has arrived. The closing is where home ownership is legally transferred from the seller to the buyer. It is a formal meeting that most parties involved in the transaction will attend. Closing procedures usually are held at the lawyer’s office.The closing officer will coordinate all the document-signing and the collection and disbursement of funds. Your Realtor will review this document with you to ensure its accuracy, as well as help you gather any necessary documentation that you’ll need to bring to closing. We also can be present at your closing meeting to make you more comfortable and clear on anything that you may not fully understand.
SUBSCRIBE TO OUR NEWSLETTER
to be up to date in real estate news and tips