You’ve been thinking about this for a long time now. What are you looking for in a house? Have you made a list of the features you can’t live without? This will give us a starting point for finding your dream home.
Apart from having an idea of what kind of house and amenities you want, do you know where you want to live? Look into the different school districts and find out what kind of a job commute you’d like to have.
Talk with a mortgage broker to find out how much you can afford to pay for a home. Sellers are often inclined to go with buyers that have been pre-approved, which means you might be short-listed for the home you put an offer on.
When starting the adventure of buying a home, whether down the block or on the other side of the world, there are several issues that weigh heavily on a smooth outcome. The 3S Approach to Buying a Home places the actions required to buy a home into three easy to remember steps;
- The Setup
- The Selection
- The Sale
The Setup entails all procedures necessary to begin shopping for your home and loan options. Proper completion of this step optimizes house-hunting hours, which can be long and tedious.
The Selection includes such decisions as neighborhoods in your city, lender, and loan options. This step concludes with bidding on the home of your dreams.
The Sale, or closing, is the final obstacle remaining between you and your new home. This portion breaks down sales contracts, negotiations, lenders, insurance, and costs included in closing.