Steps to Smooth Home Purchase

On your mark; get set; go! That’s the way a smooth home purchase works. “On your mark” means making decisions regarding your needs and wants, gathering the necessary personal and financial documentation, and having your credit in order. Keep in mind that people with poor credit usually pay more when financing a new home.

The next step is to “get set” to make an offer. Choose a qualified Realtor to assist you with the home-buying process. Request a home inspection and any other inspection reports that may be available. Be sure to obtain a written pre-approval to let the seller know that you are a serious buyer. Ask your Realtor for a Comparative Market Analysis (CMA) for neighborhoods in which you are interested. Research interest rates at least a month in advance to help you save money during the closing process. Now you are set for the final steps.

 “Go!” Purchase your new home. After all of your preparation and research, you should feel confident enough to make an offer. Use your Realtor as a negotiating expert so that you won’t pay too much. Your Realtor will also serve as an invaluable tool in the closing phase. You’re on your way to the finish line!