With the increasing amount of new homeowners and others looking into the process, we wanted to remind you of the processes you have in store. If you are a first time buyer, the processes may seem a little intimidating, but we assure you that it is not. If you know what to expect, you might be less intimidated and stressed about the process.
First off, you will want to start off with getting pre-qualified for a mortgage. By getting pre-qualified, you will know what price range you can look into – including what your maximum monthly mortgage payment would be. This process is not only of no-cost, but also of no-commitment to any party. It is important to take this step so you can be realistic when looking into homes with your realtor. There are some people who do not want to go through the process with a realtor, but we highly suggest it. Your realtor will help you with the whole entire process and be there to answer any questions you might have.
Once you have looked through multiple homes and you have come to a decision, it is time to make an offer! One of the positives with having a realtor on your side is that you do not have to conduct any negotiations or deal with any contracts. Your realtor will handle that for you. Once the seller accepts the offer, you will know right away! You will receive not only the disclosure package, but also have the ability to start the application process. There are many financial documents and other documentation that is needed. Luckily with a professional on your side, they will help you with every step of the way. It might seem daunting at first, but if you break it up into little tasks, you will feel the anxiety wash away.
In an effort to not overwhelm you, we will finish with this process next week!