About the Process
Buying a home is a complex matter and can be especially confusing for the first-time homebuyer. Just like every home differs from the next, so does each home buying attempt and process. Do yourself a favor and learn as much about the process as you can before you begin. You're already off to a great start. There are plenty of resources on the Internet, but nothing beats the direct guidance from a real estate professional who lives each and every day to understand market trends and can help explain each step of the process in plain language.
Selling With Confidence - Maximum Exposure
Selling your home can be a daunting and overwhelming task. If it were as easy as putting a sign in the ground, everyone would do it themselves. Hiring a professional to walk you through the process from start to finish is incredibly important to the successful sale of your home. As a nationally recognized REALTOR® who has studied the local market for over 11 years, Kevin will help guide you through the following: 1) How to prepare your home for the current market of active homebuyers. 2) Selecting the most optimal listing price based on market demand and conditions. 3) Reviewing the many forms necessary to both list and sell your home in accordance with local, state, and national regulations. 4) Exposing your home to the largest pool of active buyers through the local Multiple Listing Service (MLS) as well as major national sites such as Zillow, Trulia, Homes.com, Realtor.com, ReMax.com, and more! 5) Education on negotiating an offer with homebuyers. 6) Step-by-step guidance from contract to closing. 7) The most efficient way to plan your move after the successful sale of your home.
It is highly recommended that you have an introductory conversation with a mortgage loan specialist before your begin your search. Achieving at least a pre-qualification, or better yet a pre-approval, helps prepare you for optimal success when beginning your search. Ask Kevin about a recommendation for a competitive local mortgage office with exceptional customer service, or go to his Featured Partners page.
The most common costs for a homebuyer associated with the home buying process are down payment, closing costs (mortgage fees), prepaid costs (taxes, insurance, interest, etc.), home appraisal, and the home inspection.
Most likely, yes. The Earnest Money Deposit (EMD) check demonstrates your willingness and intent to enter into the purchase agreement and purchase the home and is submitted with the purchase offer. At the end of a successful transaction, this money is still yours and will be used as you decide towards the purchase of the home or associated closing cost expenses. You can decide the amount of your EMD with guidance from your real estate agent.
There are numerous loan options available. The more common types of loans are VA (Veterans Administration), FHA (Federal Housing Administration), and conventional. You will want to talk with your mortgage loan specialist about your ability to qualify for any or all of these loan options as well as their associated fees and down payment requirements.