The Buying Process

#1 What's The Right Home For You?

Submitted by webadmin on September 29, 2011 - 12:02pm

The Buying Process

Are you looking to purchase a home? Before thinking about which houses to view, think about your lifestyle, your current and anticipated housing needs, and your budget. It’s a good idea to create a prioritized list of features you want in your next home. Finding the right house involves striking a balance between your "must-haves" and your "nice-to-haves."

#2 How Much Home Can You Afford?

Submitted by webadmin on September 29, 2011 - 12:18pm

The Buying Process

Now that you're clear about what type of home you are looking for, the next step is figuring out what type of home you can afford. A review of your income, savings, monthly expenses, and debt will be necessary.

Early on in the process, and prior to viewing any homes, you'll want to get pre-qualified for a mortgage loan. A pre-qualification will determine how much you can afford. It enables you to move swiftly when you find the right home, especially when there are other interested buyers. It also indicates to the seller that you are serious and can afford to buy the property. A pre-approval is a simple calculation done by a mortgage lender that tells you the amount you'll be able to finance through a loan and what your monthly payment will be. When you find a home to buy, a pre-approval also reassures the seller that you have the financial means to purchase his or her home.

#3 Know Your Neighborhood

Submitted by webadmin on September 29, 2011 - 12:52pm

The Buying Process

When you purchase your new home, you will be investing in your community. You'll spend a significant amount of time and money supporting the schools, community organizations and commercial centers in the surrounding areas. Before you make the final decision, take a good look at the location and make sure it fits your needs.

#4 What If You Already Have A Home?

Submitted by webadmin on September 29, 2011 - 12:58pm

The Buying Process

Buying a new home and selling an existing home can go smoothly with careful planning.

Before putting your house on the market or committing to buying a new one, take a look at the prices of houses in the areas where you'll be both selling and buying. You will also need to consider whether the current real estate market conditions will affect whether a seller will consider making a commitment to you as a buyer if your house is not yet sold. Talk with your Klacik Real Estate professional about the best way to proceed given the current market conditions.

#5 Shopping For A Home

Submitted by webadmin on September 29, 2011 - 1:04pm

The Buying Process

Selecting an agent to help you find your dream home is an important first step. A good agent will help you develop your priorities, listen to your concerns, and answer all your questions.

When you're ready to visit houses, your Klacik Real Estate professional will arrange showings of properties that meet your criteria. They will arrange the showings and track the properties you've seen.

You should identify the homes that are your favorites, what you like about them, and what you don't like. Bring your camera along so you can record what you see.

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#6 Working with a Real Estate Agent

Submitted by webadmin on September 29, 2011 - 1:08pm

The Buying Process

Buying a home is one of the most important decisions you will make. That's why it's in your best interest to choose an experienced real estate agent who listens to and understands your needs, and works in the area where you want to live. When you choose a Klacik Real Estate agent, you're dealing with an experienced professional who understands your concerns and will provide you with the personalized service that makes all the difference.

What should you expect in your first meeting with a real estate agent? Typically, the agent will talk to you about the neighborhood where you want to live, home prices, schools, and the surrounding commercial and residential areas.

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#7 Making An Offer To Purchase

Submitted by webadmin on September 29, 2011 - 1:14pm

The Buying Process

Once you’ve made your decision to make a purchase offer, it’s time to get started with the financial and contractual side of the purchase. Let your Klacik Real Estate professional guide you through this process. Because you and the seller have different goals, rely on your agent’s experience and expertise. He or she can bring order and calm to the process and will know what questions you may not know to ask to help you reach a favorable outcome.

#8 Mortgage Loan Options

Submitted by webadmin on September 29, 2011 - 1:24pm

The Buying Process

A mortgage is a loan you take out to finance the purchase of your home. It is also a legal contract stating that you promise to make a monthly payment until your loan is paid off.

#9 Getting A Mortgage

Submitted by webadmin on September 29, 2011 - 1:36pm

The Buying Process

Your Klacik Real Estate professional will recommend mortgage companies to evaluate based on your unique situation. Don’t be afraid to ask any questions you feel necessary and if anything strikes you as odd make sure you comment on it. Make sure you ask for references from satisfied customers.

There are several ways to secure a mortgage. You can get one directly by working with a mortgage banker or you can go to a bank, credit union or savings and loan.

#10 From Accepted Offer to Closing

Submitted by webadmin on September 29, 2011 - 1:43pm

The Buying Process

Home Inspections

Getting a home inspection is a very important part of the purchase of a home. There are many potential problems that can be discovered during this period. These include a leaky roof, termite damage, a foundation problem, and wall cracks, to name a few. These problems happen all the time. The difference between closing on your dream home and starting the process all over again is what occurs during the negotiations between you and the seller.

#11 Moving In

Submitted by webadmin on September 29, 2011 - 1:45pm

The Buying Process

Home Moving Checklist

Six to Eight weeks prior:

Purchase or rent moving supplies: tape, markers, scissors, pocketknife, newspaper, blankets, moving pads, plastic storage bins, rope and a hand truck. Free boxes can usually be obtained at a local supermarket, but consider purchasing wardrobe boxes for moving clothes.
Have a garage sale to clear out unwanted items and plan accordingly. Consider donating unwanted items.
Keep a detailed record of all moving expenses. Your costs may be tax deductible depending on the reasons for your move.

The multiple listing information is provided by the CRIS Multiple Listing Service from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2011 the CRIS Multiple Listing Service all right reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Real Estate Data on this Web site come in part from the IDX program of CRIS. Listings presented may not be listed for sale by Klacik Real Estate, but by another brokerage firm. For such listings the listing brokerage firm will be indicated in detailed information about the property.

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