What Should You Do to Make Sure Your Home Buying Process Goes Smoothly

Owning a home is one of the facets of the great American dream. This is not however as easy as just pinpointing a dream house and claiming it as your own. It’s a complicated financial rigmarole and one should be able to map out the entire home buying process to ensure that it goes smoothly as planned. Whether it’s your first time to invest in a home or a repeat buyer, the emotional and financial rollercoaster ride still gives everyone the jitters and the stress. So, how do you get through the home buying process and get it moving smoothly? Luckily, we have the steps covered for you:

  1. Get a licensed realtor. Amidst the chaos of financing, pricing, legalities, marketing, and inspections, you will certainly need an expert to get you to right to your goals and keeping your sanity. Real estate agents know the market value of homes which make them a reliable asset to house hunting. Make sure that you choose a buyer’s realtor who works for the benefit of the buyer and not the seller. Get in touch with a licensed realtor who can give you professional advice in terms from the groundwork of finding a home, negotiating prices, financing, going through the legalities, and finally getting your prized dream home. It pays to seek expert guidance than be frustrated or shortchanged in the end.
  2. Save up for a downpayment. In buying any home, it is required to make an upfront payment in cash. Most lenders would require at least 20% downpayment and the rest can be covered by home financing. Some couples would even ask this as a wedding gift from family members and relatives or set a separate bank account to save for this purpose.
  3. Get funding. While location is very important, so is pricing. Make sure that you can afford your chosen home and that you will not overstretch your financial gut in the process. Know your mortgage options and get prequalified or preapproved. This is an important stage to know how much you can afford before actually shopping for homes.
  4. Visit available homes within your price range and make an offer. First off, you must determine what type of home you would want to acquire. Think of how it suits your growing family and lifestyle as well. Location is crucial to finding the right nest. You must make sure that it is convenient especially in terms of commuting as well as in being near schools, restaurants, grocery stores, and churches; to name a few. Do have a checklist when shopping for homes to determine what matches your preferences. Work with your realtor to negotiate a fair price. Make an offer and then once you have reached an agreement, everything should be put in contracts.
  5. Get a home inspector. This is a contingency so you can check on any structural damages that may need repairs. Here’s some great advice from a local Nashville home inspector, “Getting your home inspected by a professional is the surest way to make sure you don’t buy a home with significant problems like a cracked foundation, termite infestation, or dangerous electrical wiring.” You can renegotiate offers based on the home inspection report.
  6. Coordinate with funding and paperwork. Your lender will assist you with the right loan that matches your financial and credit capacity while also coordinating with paperworks necessary for buying a home.
  7. Seal the deal. You close the sale by signing loan documents and all the paperworks too. It takes just a few days for processing and once the seller gets your payment, you are ready to move in to your new home.

Your home is a refuge – a haven. Take as much time as you need when shopping for your dream home. While buying a house may be a nerve-wracking experience, it’s the same adrenaline rush that keeps you on your toes for spotting your dream home. Like many things, this does not come easy. It takes an elaborate amount of planning, surveying, and budgeting to finally get your dream haven in complete fruition.

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