• (714) 336-3375
  • info@momentumrg.com
  • NMLS #313044
  • CBRE #01364278
  • LISTINGS
    • FOR SALE
    • FOR LEASE
    • SOLD
  • ABOUT
  • FAQS
  • PROPERTY MANAGEMENT
    • Property Management
    • Multi Unit Management
  • NEWS
Menu
  • LISTINGS
    • FOR SALE
    • FOR LEASE
    • SOLD
  • ABOUT
  • FAQS
  • PROPERTY MANAGEMENT
    • Property Management
    • Multi Unit Management
  • NEWS
Search
Close

A Step by Step Guide to Buying a Home

A Step by Step Guide to Buying a Home

  • December 1, 2013
  • Amy

So, you want to buy a home – where do you start? Follow our step-by-step guide and we promise we’ll guide you in the right direction! Once you have your home, the most important thing to do is have a list of local companies to use in the case of an emergency, for example, plumbers Charlottesville.

1. Examine Your Finances

Before you buy a home, you need to examine your finances and see if you’re able to buy a home. This includes examining your current finances and reflecting on any impending future finances (college, new car, et cetera). You need to make sure that after buying your home, you will be able to have enough saved up in savings to cover any emergencies that could happen. When you’ve sufficiently examined your finances and have decided that you’re able to afford a home, move on to the next step.

2. Get Preapproved For a Mortgage

The next step in buying a home is to get preapproved for a mortgage. When you sit down with a mortgage lender, he or she will assess your complete financial package (debt, income, credit history and current savings) and will tell you just how much house you are able to afford. This is a crucial step because you’ll want to be able to shop for houses within your price range.

3. Decide Your Wants and Needs

After you know how much you can spend on a house, it’s crucial to sit down with your spouse and make a list of your wants and needs. You’ll need this list when looking for houses because it will help you narrow down what houses are a legitimate possibility versus what houses just won’t meet your lifestyle needs. Some factors you might want to discuss include: proximity to schools and work, number of bedrooms and bathrooms, size of yard and any other luxury features.

4. Shop Around With a Real Estate Agent

After you’ve taken all these steps, it’s time to go out and start looking! Find a reputable real estate agent that will help you identify what houses will meet the most of your wants and needs list. Take this time to really compare the various houses and the features they offer for the prices.

5. Make an Offer On a Home

Once you’ve found a home you like, it’s time to make an offer on it! You can consider offering less than the asking price, but you might lose it to other competitive buyers. You might find yourself entering a bidding war with other buyers. If this happens, you just need to remember what your budget is and not exceed it. If your house is still within your budget, go ahead and stick with the offer!

6. Finalize Last Minute Items

Once you’ve made an offer on your home, it’s time to finalize all last minute items to make sure everything will go smoothly. This includes making sure that the home inspection isn’t a concern and that all your loan documents are still holding up. Hopefully, the sellers will accept your offer at this point.

7. Close On The Home

The last step is to close on the home. This is where you can sit back and congratulate yourself on a job well done – you’re a homeowner!

Share:

More Posts

Mobile Real Estate Made Easy

At this day in age, almost everything has some aspect of social media attached to it and most information can be found online. Real estate

10 Helpful Ways to Organize Your Home

Did you just purchase a new house? Are you in need of some organizational guidance when it comes to moving into your new home? Or,

5 Things to Consider When Choosing the Right Neighborhood

There is a never-ending checklist of things one must remember to keep in mind when it comes to selecting the best neighborhood to live in.

How to Make Your Open House Effective

An effective open house is a valuable tool to increase the price of your home. To impress the potential buyers, you have to do something

Send Us A Message

PrevPreviousLos Angeles County Property Review: 3503 Gondar Ave Long Beach, CA
Next5 Things Every Homeowner Should Know About Homeowners InsuranceNext

START RIGHT NOW

(714) 336-3375

1451 Quail Street, Suite 110B
Newport Beach, CA 92660

Momentum Realty Group was founded by Karl in 2009 to help others achieve the dream of ownership and peace of mind. With over a decade’s worth of experience in real estate, Karl designed Momentum to break the mold of the traditional brokerage model and put primary focus of all transactions on the “why” of his clientele. 

NAVIGATION

  • LISTINGS
    • FOR SALE
    • FOR LEASE
    • SOLD
  • ABOUT
  • FAQS
  • PROPERTY MANAGEMENT
    • Property Management
    • Multi Unit Management
  • NEWS
Menu
  • LISTINGS
    • FOR SALE
    • FOR LEASE
    • SOLD
  • ABOUT
  • FAQS
  • PROPERTY MANAGEMENT
    • Property Management
    • Multi Unit Management
  • NEWS

Newsletter

© 2020 Momentum Realty Group. All rights reserved. NMLS #313044. CBRE #01364278.

Twitter Facebook-f Linkedin
Los Angeles County Property Review: 3503 Gondar Ave Long Beach, CA long beach homes for sale 5 Things Every Homeowner Should Know About Homeowners Insurance

Owning a home is a keystone of wealth… both financial affluence and emotional security.

Suze Orman
18th August 2022 Thursday!
Momentum Realty Group
  • Login
Forget Password?