6 Steps to Buying Your First Home

1 – Preapproval for Mortgage.

Speaking to a mortgage advisor is the first step to owning a home. Knowing the amount of money you are eligible to borrow will help you determine the price range to look in.

2 – Start looking for your new home

One of our Buyer’s Agents will help you determine what your property needs are. Then they’ll create a custom search and take you to see houses that catch your interest.

3 – Make an offer on a property

Once you have found a home you are interested in, your Buyer’s Agent will help you write an offer. Your Agent will negotiate on your behalf to create a contract that meets your needs in terms of financing, time frame and property information. The offer will not be a firm and binding deal until subjects are removed.

4 – Remove subjects

If your offer is accepted by the seller it’s time to start thinking about removing subjects. Subjects typically include things like financing, and home inspections. Your Agent can help you arrange for the types of services you will require. Once subjects are removed are removed your deal is firm and binding.

5 – Completion

Completion is the day that money and titles change hands. This will be coordinated by your law office and our conveyance department. You will need to arrange a meeting with your lawyer to sign the necessary paperwork before the Date of Completion as written in the Contract of Purchase and Sale.

6 – Possession

Congratulations, you now own your first home! Your Contract will indicate the date and time of possession when you can move in. Your Buyer’s Agent will meet you there for a final walkthrough and to give you the keys to your new home!

For further information that pertains to your individual situation that goes a bit beyond the basics, please feel free to get in touch with us. We would be pleased to assist you!

Hardy Real Estate Team

1.888.50HARDY(42739)

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