There’s no denying it – the process of buying a home is complex and can be overwhelming, especially for first-timers, but it can also be fun and exciting, and a deeply emotional milestone.
If you are curious about the process, let us break it down for you:
Step 1: Finances & Pre-approval
The first step is 𝘢𝘭𝘸𝘢𝘺𝘴 to review your finances and obtain a financial pre-approval. It’s important to review your budget and think about new expenses such as utilities, maintenance costs, and HOA or Condo fees.
Step 2: Search
Preview potential properties online and schedule showings to view the properties you are most interested in.
Step 3: Offer & Negotiations
Write up and submit an offer on your favorite property. Then, Sixteen 33 Realty will help you negotiate the terms of the offer before going into escrow or under contract!
Step 4: Inspections
Conduct inspections and negotiate any repairs or credits.
Step 5: Financing period
You will formally apply for a loan and submit any necessary documentation, your lender will order the appraisal, and you will research and obtain homeowner’s insurance.
Step 6: Prepare to close
Receive your final closing disclosure or settlement statement, conduct a final walk-through of property, sign the paperwork, and CLOSE!