Build good credit history, get mortgage pre-approval and find out what type or mortgages you qualify for. Consider hiring an attorney to review all contracts and agreements associated with the homebuying process. Save up for a down payment and closing costs.
Get a referral from friends, family and work colleagues, or use NVAR's Find a Realtor® resource for a Realtor® who serves your needs. Interview with several Realtors® to find the best match.
Determine what is important for you, such as transportation, schools, neighborhood amenities, monthly payments, etc.
Narrow down your search to a few mortgage brokers or lenders. Make sure you understand the financing terms: ask the lender for clarification, if needed, and select the right loan program.
Ensure the property is inspected by a licensed home inspector and acquire title insurance. Make sure to read all contracts fully before signing anything, and ask questions if you do not understand something. Place a competitive bid and prepare for a counter-offer. Only one offer will get the sale, so be prepared to move on if you do not win the bid.
The settlement attorney will run a title search to ensure that there are no clouds on the title. Protect your new asset by obtaining owner's title insurance. Perform maintenance and repairs on your new home. Keep good records of all warranties and documents used in the home-buying transaction. Set up utility bills in your name, and make sure to maintain your files. Hire movers or find a few friends for a moving party! Find a service provider through NVAR's Strategic Partner database.
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