10 Steps Of
Buying A House
The process how you would get your dreams!
“Buying a house is not easy, it requires of huge investment of time.
You have to select the right agents to make your dreams come real!”
Start Your House Researching.
You would start researching information with your agent, websites, newspapers and all media that are credible and have lists of active properties. This will allow you to see how the market is in the real estate industry - prices, interests, etc. It is important to talk with your agent (Terry Sanchez Realty Group is a great choice) and ask about the past experiences with customers (first buyers if you are new in the experience to buy of a house) and Terry Sanchez and her group will be happy to share what experiences they had had in helping to buy a house.
Analyze your budget based on your own financial situation.
Improving your financial health begins with learning how to analyze your current finances. That knowledge can empower you to take the proper steps to improve your money management once you know exactly where your money comes from, where it goes and how much you have. Analyzing your current finances helps you set financial goals.
Contact with your agent for your pre-qualification and pre-approval.
- The mortgage prequalification is an initial assessment of a potential buyer
- A pre-approved means is that you have a tentative commitment from a specific lender for mortgage funding.
Terry Sanchez Realty Group, The Right Real Estate Agent.
We know that you want the best Real Estate Agent with a huge endorsemen in the business. Terry Sanchez Realty Group has the experience with a successfully completed thousands of transactions which benefitted our clients. We have the right credentials and licenses without no disciplinary actions or complaints in the Real Estate Board.
Find The House And Make An Offer.
Search the property info you want from a most comprehensive source of home data. It’s important that you know what you are looking for and if the house that you find match with your monthly budget payment. Complete an offer sheet that your REALTOR® will present to the owner and the owner’s representative. The owner may accept the offer, reject it, or make a counter-offer.
Important: Inspect The House!
A home inspection is a mainly visual evaluation of a home’s condition. Please, for any reason skip this step. You should insist on an independent home inspection by a professional inspector. Remember, you’re not a structural engineer, plumber, roofer, or professional air quality evaluator. Let this work for the professionals
Search and find the right loan for your mortgage.
Shopping around for a mortgage loan would be a complicated process getting the ideal loan with a better rate interest for you. We have different types of mortgage rates available that would help you to get an excellent and lowest quoted from our mortgage professionals, find the best interest rate and determine which loan is the best fit for you.
Find a home appraisal. How it works?
A real estate appraisal is simply that, the expert opinion of a certified, state-licensed professional who determines the value of a piece of property. A home appraisal also protects the bank and you from paying too much for a house. A property’s appraisal value is influenced by recent sales of similar properties and by current market trends. It must do a complete visual inspection of the interior and exterior and note any conditions that adversely affect the property’s value, such as needed repairs.
Check the paperwork with your agent.
You should you bring the most important documents to close: Photo ID, cashier’s or certified check, proof of insurance and final purchase and sales contract. Documents related to closing your mortgage are: Promissory note, truth in lending statement, mortgage or deed of trust and monthly payment letter. Documents related to your closingare: Closing disclosure, warranty deed or title, proration papers, statement of information, declaration of reportsand abstract of title.
