Your Guide to Buying a Home

by Hilton Head Real Estate Partners July 24, 2014 0 comments
Buying a home

Pricing Your HomeOwning a home has long been known as the American dream. But for some buying a home can be a stressful process. Many questions arise but where to start and what to expect are the first. This post will go through the basic steps you’ll complete during the home buying process:

 

1. Calculate Your Buying Power


Are you paying cash or do you need a mortgage? The easiest way to eliminate the stress of buying a new home is to have a clear understanding of your buying power – or how much home you can comfortably afford. When you know what you can afford, you can focus on looking for homes that are right for you – and within your budget.

 

2. Apply for a Home Loan


Once you have an idea of what you can afford, you’re ready to apply for a home loan. Remember, you don’t have to wait until you find the house you want to apply for a loan. In fact, we recommend that you apply before you start looking. If you are pre-approved for a home loan before you start looking, you’ll have a better idea of where to look, and sellers will know you’re serious about buying.

 

3. Find a Home


This is the fun part! Maybe you’ll want to start looking at home listings on the Internet or perhaps you prefer to drive around your favorite neighborhood and look for houses that are for sale. You might want to work with a real estate professional. Many home buyers choose to work with a buyer’s real estate agent or broker to help them find a home.

Since finding a home, negotiating the contract and closing the deal is such an important process, an experienced agent like us at Hilton Head Real Estate Partners can provide guidance to help you avoid potential pitfalls. A buyer’s agent should have vast knowledge of the real estate market, price trends and neighborhood conditions. The agent will help you shop for your home, tour properties and be your negotiator if bargaining over price is necessary

 

4. Make An Offer & Negotiate


So you’ve applied for your loan, obtained a pre-qualification, and found your dream home. Now it’s time to make an offer. When you’re ready to make an offer, you’ll submit a contract, which will be reviewed by the seller. The contract will include your offer price, as well as your contingencies, which will help protect your interests. If all this sounds scary and unfamiliar, don’t worry Hilton Head Real Estate Partners are experts and will help you through the process and get what’s best for you.

 

5. Close The Deal


After you’ve negotiated the price of your house and any contingencies, you and the seller will sign the offer contract. Also, if you worked with us, we will review and sign the contract. Once everyone has signed the contract, your earnest money check may be cashed. Then, you’ll contact your mortgage consultant or loan officer to arrange for the check you’ll use to pay for your home, which will come from the Lender that funded your loan. On closing day, you’ll exchange the papers necessary for the house to be legally transferred.

 

6. Move In & Enjoy Your New House

So you’ve closed the deal on your new home, and now all you have to do is start moving!

 

Click here to read our comprehensive buyers guide.

 

Jo Anne and Tony Rizza of Hilton Head Real Estate Partners are happy to go through any questions you may have in regards to buying a house. They have over three decades of real estate experience so they will be able to answer all of your questions with ease, simply call today on 843-301-5825.

by Hilton Head Real Estate Partners July 24, 2014 0 comments
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