A Quick Breakdown of the Home Buying Process

Contrary to popular belief, there’s much more to buying a house than merely signing on a dotted line. There can be several hidden costs, fees and extra responsibilities that potential buyers like you may not initially be aware of home buying process.

To help with that, we’ve outlined the major steps involved with the home buying process to give you a better idea of what to look forward to and probably home buying process flow chart.

Check Your Credit, Set a Budget

Before diving into your mortgage options and home preferences, get an accurate credit check to see where you stand financially. This will give you a better, more realistic idea as to the range in which your budget will fall.

Find an Expert

Connecting with a professional agent who knows the area of interest, and all of its surrounding amenities, is virtually indispensable. Not only can they help you with the technical side of buying a home, but they also serve as a resource for everything you’ve wanted to know about your new neighborhood and home buying process steps.

Know What You Want in a Home

Set your expectations on a new home early to avoid any confusion later particularly first time home buying steps. This means any amenities that you’ve had your eye on need to be expressed so the agent knows what to help you look for.

Choose the Right Mortgage

There are three basic mortgages that apply to most first-time home sales: adjustable, fixed and interest-only rates. Knowing which one works best with your budget will give you a better idea of your situation. Ask your mortgage lender for advice, as well to know home buying process timeline.

Close Out, Move In

Before you finally close and start the moving process, get a home inspection scheduled and home buying checklist ready. This will give you a chance to go over the property to spot any potential cracks, holes or imperfections that could affect the structural integrity of your new home.

No matter if it’s your first time or a seasoned professional, the home buying process still comes with its own, unique set of tasks that require a special attention to detail.

Let Keyoui help you make the process a little easier today by contacting us, via email at [info@keyoui.com] or call 702-948-6723.