Top 10 reasons people buy
Have a pre-approval letter- from a lender you are working with. The lender should provide you with mortgage, closing, and payment estimates. If they haven’t ask them for it.
There are great agents and there are bad agents. You want a relator that is a good listener, familiar with the areas you’re interested in living, has a good network of associates, and will work for you and your interests. Unfortunately, there are realtors that will not go the extra mile for you. Most transactions today have a listing agent and a selling agent. The listing agent is usually the agent which is selling the property. The selling agent is the agent that brings the buyer. You want to choose a buyer’s agent who will represent you for free, they will show you all the listings you want to see and help you through the process for free. The seller pays for the commission for both agents.
Have your agent inform you about the current housing market
Write a list of “Must Haves”. What features are the most important to you? Commute, schools, shopping? Do you want a basement, garage, and a certain number of bedrooms? There are many options out, so make sure your realtor knows what is important to you.
Home Inspection(Buyer Pays)- Realtor should have inspectors information to provide you, has to be done within deadline set in contract, Buyer chooses Inspector
Appraisal(Buyer Pays)- Lender will schedule the appraisal, You want the value to be equal to or higher than the sales price, if it is lower the buyer and seller will either agree to lower the sales price in the contract or you can walk away from the deal
Final Loan Approval- You will need final approval from your lender before you can buy the home