A major priority in my business is to be organized. I view this discipline as being essential to not only serving existing and attracting new clients, but it essential to maintaining control of my time and having any sense of work-life balance. Structure and process are part of my brand and I believe it serves my clients well.
To that end, I find it useful to make task lists and outlines while conducting my business. Not only will this keep me on track, it will help guide clients to stay focused and be obedient to timelines. This type of transparency helps clients understand and anticipate what happens next and ultimately enjoy a satisfying purchase experience.
I have developed methods and processes for working with clients that are organized in such a way that it will truly benefit anyone who is seeking to find and purchase a new home.
I call this process The Home Buyer’s Road Map. I will be unpacking each of the 12 STEPS toward buying a home in greater detail in a series of future articles. For now, I want to provide an overview of how it all flows.
Buying your first home can be an exciting time, and it’s likely the biggest purchase you’ll ever make. Don’t jump into it without being ready and doing your homework. Ask yourself, “What happens next? Do I understand the process? Am I prepared for each step along the way?”
What’s the FIRST thing you should do before you even start looking? Before you begin, first and foremost, you need to ask yourself, “am I ready to buy? Read more about this process in the article, “Are Your Ready to Buy?”
Now that you’ve determined that you’re ready. Let’s begin.
1. Hire an agent. Selecting the correct real estate agent may be the most important decision you make in this process.
2. Get financing. Obtain financial pre-approval. Get in touch with a lender. I’d be happy to connect you with the right individual.
3. Game plan. Allow your agent to analyze the specific needs of you and your family with an in-depth buyer consultation. Where do we want to live? What style of house do we like? How many bedrooms, bathrooms, garage stalls, etc? What style of house do we like? What school district do we want our kids enrolled?
4. Start shopping. After getting a full understanding of your wants and needs, let your agent get to work and start identifying an inventory of properties on the market.
5. Tour. Work with your agent to schedule showings.
6. Make an offer. You’ve found a house you like. Now it’s time to go after it by writing an intelligent, competitive, and winning offer to purchase.
7. Negotiate. The seller may or may not accept your offer as you have presented it. Have you agent negotiate terms that are satisfactory to you and the seller.
8. Acceptance. Accept the negotiated contract, begin the pre-closing process.
10. Contingencies. If your agent has structured your offer correctly, you will have certain protections to allow you to cancel the agreement if certain conditions aren’t met. The seller is obligated to remove contingencies that you have established. The common contingencies are financing, homeowner association covenants, and home inspections.
11. Close. After you have been guided through each step of the buying process it’s time to close on the property. All parties meet and sign the final paperwork.
12. Move in! Take possession of the home.
Buying or selling a home is statistically one of the most stressful events in a person’s life. This is the roadmap to buying a home. Just like driving a car from point A to point B there will be bumps in the road and unexpected hazards along the way. However, with the professional assistance of a skilled realtor, if you are prepared, organized, have reasonable expectations, and are willing to adapt and “flex” on the path toward home ownership, the buying process can be a satisfying experience!
If you want to be sure that you are working with an agent who understands you, listens to you, and truly puts your best interests first please get in touch with me!