Steps in The Home Buying Process

When consider a home purchase, there are a lot of factors to consider and questions to answer. Here are some issues to consider as you begin this process.

A Buyer’s Agent can represent and guide you through the entire process.

1. 1. Focus/Compelling Cause

   What is prompting you to buy a home? Commute to job? Proximity to recreation or schools? Change in your needs for home or change in lifestyle? Relocation? Investment? Prioritize Your Needs. If there is more than one buyer, individually rate your list from 1 to 5 and then compare them to determine a common goal.

2. 2. Financial

   Interview with lenders and determine your qualifications. Procure pre-qualifying letter. Determine the investment level you are comfortable with. Your investment potential may be higher than what your lifestyle promotes. Make sure you pick a financial commitment level that is comfortable for you. Be sure to:
   1. Include Vacation Budgets.
   2. Include Relocating Expenses.
   3. Include Travel and Entertainment.

3. 3. Determine Areas of Interest

   1. Drive through potential communities. Visit places of interest such as schools, parks, community centers, town offices, etc.
   2. Get a feel for the neighborhoods. Experience the noise levels and activities

4. 4. Organize Your Team of Professionals

   Buyer’s Agent, Lender, Lawyer, Inspectors.
   1. Interview prospects and start a reference folder.

Once you have organized your team, your Realtor®
can assist you through the rest of the Home Buying Process.
Your Realtor® may also be able to recommend professionals
to assist you if you haven't made a final selection.

1. 5. Identify Available Properties

   1. Use Buyer’s Agent to locate properties. A Buyer’s Agent will provide information on all available properties listed with the Multiple Listing Service and private advertising.

2. 6. View, Compare and Evaluate Properties

3. 7. Make A Decision

4. 8. Make Offer/Determine Contingencies

5. 9. Negotiate and Consult Attorney

6. 10. Manage Contingencies

7. 11. Inspections, Renegotiate

8. 12. Closing

9. 13. Insurances, Utilities, Relocate