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Buying a home is one of the most significant decisions you’ll make, and it’s important to approach the process with a clear understanding of each step involved. Here’s a detailed guide to help you navigate your home-buying journey:
Why It’s Important: Knowing how much you can afford will help you narrow down your options and avoid falling in love with a home that’s outside your price range.
What to Do: Review your financial situation, consider your savings, income, and any debts. Use our mortgage calculator to estimate monthly payments based on different scenarios.
Why It’s Important: A pre-approval letter shows sellers that you’re a serious buyer and gives you a clear picture of what you can borrow.
What to Do: Contact a lender to get pre-approved. They’ll review your financial information and credit history to determine how much they’re willing to lend you. We partner with lenders to help you secure financing!
Why It’s Important: A knowledgeable realtor is your guide through the entire process. At Virtual City Real Estate, we’ll provide expert advice, market insights, and help you find properties that match your needs.
We will help you navigate the market, negotiate offers, and manage the transaction from start to finish.
Why It’s Important: This is where you get to explore different properties and find the one that feels like home. Think long and hard about what your priorities are and what you’re willing to compromise on. It’s also important to ask yourself whether you’re looking for a starter home or your forever home.
What to Do: Work with us to identify properties that meet your criteria. Attend open houses and private showings to get a feel for the homes. Here are some factors to consider when looking for a house:
Put all of these factors in a ranked list from most to least important and hand that list over to us to use in order to find properties that suit your needs.
Why It’s Important: The offer is a crucial step where you outline the price you’re willing to pay and any conditions you require.
What to Do: We will help you craft a competitive offer based on market conditions, comparable home sales and we’ll also handle negotiations on your behalf.
Why It’s Important: Once your offer has been accepted, it is highly recommended to conduct an inspection. A home inspection ensures there are no hidden issues with the property that could become costly repairs later.
What to Do: Hire a professional inspector to evaluate the condition of the home. Review the inspection report to determine if any repairs or adjustments to the offer are needed.
Why It’s Important: With inspection results in hand, you might find issues in the home that you would like to have fixed before you settle on a deal. You can ask your seller for concessions in one of three ways:
Once you’ve submitted your request, you simply wait for a response from the seller. If the seller rejects outright, you may want to consider walking away from the sale. If you have an inspection contingency or option period, you can exit the deal without forfeiting any of your earnest money deposits.
Why It’s Important: Finalizing your mortgage is necessary to complete the purchase.
What to Do: Once your offer is accepted, work with your lender to secure your loan and guide you through the process of finalizing your mortgage terms.
Why It’s Important: As a final measure, before you close, you should do a final walkthrough of the home preferably the week before closing.
What to Do: You should keep an eye out for the things you requested repairs for and see if any progress has been made. Also, check your utilities and appliances one final time and check if anything’s been left behind by the previous owner.
Why It’s Important: Closing is the final step where ownership of the home is officially transferred to you as the new owner.
What to Do: Review all documents carefully, sign the necessary paperwork, and pay any closing costs. We will be there to ensure everything goes smoothly. Begin coordinating your move and set up utilities.
CONGRATULATIONS! This is the moment you’ve been waiting for – You’re now officially a homeowner!
We would love to hear from you! Send us a message and we’ll get right back in touch
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