It is so exciting to buy a new home, dreaming of where you want your home to be and what spaces you want inside! The idea of owning your home tips the scales towards thinking about paint colors, landscaping, kitchen appliances and floor finishes. It also brings to mind many questions and maybe some concerns. Where do you begin?
Making the decision to buy a home opens the door to a process that is many months long. If you are a first-time buyer, the mortgage application process can seem daunting. If you have bought before, you are well aware of all the moving parts that come in to play with the transaction. Either scenario, or any in between, know that you are going to be well taken care of with Catherine Mitchell Realty.
One of the best ways to make the home buying process flow easier is to become better-acquainted with your options and clearly define your goals. Understanding the reasons you want to buy—and what you want to accomplish in your move—will go a long way towards shaping your plans and improving your results.
Perhaps the most important first step involves deciding how you will approach your home search. Who will you work with throughout this process—and how will you work with them? As an Accredited Buyer’s Representative through the National Association of Realtors, Catherine Mitchell is well qualified to help you make your dreams come true.
Once you dig into the actual process of finding and buying a home, you’ll benefit from learning more about several other key issues, including:
- What you should pay—both price and related terms
- Evaluating the local public school system
- Understanding your closing costs
- Details regarding your purchase contract
Houses are expensive. Probably the largest purchase you’ll ever make. That’s why very few prospective homeowners have enough cash on hand to purchase a home outright. Instead, most home buyers seek financing—a mortgage—to cover the difference between what they’ve saved, and what they need, to buy a home.
Determining how much house you can reasonably afford, and the size of your mortgage, requires carefully evaluating:
- Savings—how much have you set aside to cover a down payment on your home, as well as your closing costs?
- Affordability—how much can you safely borrow, and still meet all your financial obligations?
Catherine offers mortgage company recommendations which is the first stop along the way. Getting pre-approved for a mortgage discloses what you can afford, and gives direction as you plan your property tours.
You found your home, the contract has been signed, and the closing date has been set. During the days in between contract signing and closing, inspections are conducted, the appraisal is completed, and any issues found are resolved. Catherine is with you every step of the way, providing information, making recommendations and implementing your decisions.
As moving day approaches, careful preparation is essential, whether you’re moving across town or across the country. Use our step-by-step guide, Moving Tips, and find useful information on Selecting a Moving Company.
By investigating moving companies, you can eliminate or at least reduce many of the surprises and hassles that moving often entails. Moving, after all, may be the biggest job of all.
When the wheels begin to turn that its time to buy a home, Catherine Mitchell Realty can be your immediate resource for guidance, support, coordination and assurance.