Step 1: Choose a Real Estate Agent
The process of purchasing a home will feel less daunting and overwhelming when you work with an experienced and knowledgeable RE/MAX Concierge agent. When you first meet with your RE/MAX Concierge agent, be prepared to discuss your goals, priorities, your must-haves and deal-breakers, and also your financial situation. Your agent will weigh these considerations against the current trends in your market then send you home listings that suit your criteria and budget. This is why you'd want a local buyer’s agent that is not only knowledgeable in market prices, but also knows the neighborhood well. If you want to do some video-chat tours before physically visiting the property, your agent will use their experienced eye to point out features and flaws in the home so you will only be seeing homes that you really like. A real estate agent will also help you on your purchase offer, get involved in the final negotiations, and will be there with you during closing until you are handed the keys, so make sure you choose an agent you can trust and will have your best interest at heart for you to find your next home. Register at www.christie.realtor/#login
Step 2: Choose a Mortage Lender,
Step 3 Choose a Home Inspector
Another crucial step, The home inspection, which is why having a knowledgeable home inspector on your team is also important. Remember that your property is probably one of your biggest investments so you want to make sure you protect yourself from any future issues or hefty expenses for major repairs later on.
After the initial offer has been accepted, you'll want to hire a home inspector to thoroughly inspect the home’s condition, uncover any hidden issues that only a professional could, and estimate the cost of repairs. Issues related to structure, electrical, or plumbing will be easily spotted by their trained eyes. This way, you and your realtor can negotiate with the seller to cover the costs of repairs, lower the total purchase price, or simply walk away from the real estate transaction, especially if the home was found to have some serious structural damage. Depending on the age and condition of the home, you may also consider hiring inspectors that will specifically check for mold, lead paint, and other toxic materials like radon and asbestos.
Step 4: Choose a Home Appraiser:
Make sure you don't confuse the home appraiser with the home inspector. The home appraiser determines the value of the property for sale through an unbiased and professional evaluation called the home appraisal, which is required by lenders before issuing a mortgage. An appraiser will consider factors such as the size of the home, exterior and interior conditions, and will compare it to similar home sales in the neighborhood before determining the home’s value.
The appraiser will verify that the home you want is worth the money you’re going to pay for it before you get the loan, and ensure you’re getting a good deal on the house you want.
Step 5: Choose a Title Company,
Your title officer or title company also plays a huge role in your home buying journey. The title officer will do a thorough investigation of public records to ensure the legality of the title of the property. They will make sure that there aren't any outstanding mortgage payments, unpaid taxes, liens on the title, or other issues before ownership is transferred from the seller to you. After this, they will issue a title insurance policy that will protect you from any outstanding claims over the ownership of the property, protecting you as the buyer as well as your lender.
Step 6: Choose a Real Estate Attorney,
Some states require that a real estate lawyer is present at closing, while others do not. But even if your state does not require one, hiring a real estate attorney can be well worth it to help mitigate risk and help you have a smooth home purchase.
Your lawyer can help prepare and review documents, will resolve any disputes that arise during the transaction, especially if you're purchasing a distressed property or inherited estate, and will be present at closing to represent your interests. Since real estate laws are a matter for state and local jurisdictions, having an attorney on your team can ease your mind when it comes to buying your biggest asset.
Step 7: Choose an Insurance Agent or Company,
You're definitely going to want financial protection for one of your biggest purchases, thus the need to purchase home insurance. A standard home insurance policy generally protects your home and personal property if it’s damaged by most natural disasters, theft, water damage, and accidents. Your home insurance pays to repair or rebuild your property in case it has been damaged, and also covers your personal belongings, additional living expenses, and liability protection. The coverage you’ll need will depend on the location, age, and condition of your home.