Steps To Buying A Home

Buy Your Home the Smart Way With Red Door

Buying a home can be an overwhelming experience--finding a qualified buyers agent can make the process easier and enable you to make a more informed decision. Red Door Real Estate Group guides you through the entire home buying process, keeping your interests first to ensure satisfaction.

10 Steps To Buy A Home

  1. Determine how much you can afford and get pre approved for a mortgage
  2. Get a copy of your credit report, learn about your financial history and take steps to correct any errors. Your credit report has a tremendous impact on how lenders determine interest rates and loan terms for your mortgage. Learn about your mortgage options, decide which mortgage is right for you and get preapproved.

  3. Decide what you need and want in a home
  4. What factors are important in your home buying decision? Things to consider include style, size, price and location.

  5. Find a buyers agent
  6. Experience and chemistry count when choosing the right buyers agent. Compare services to find a buyers agent that is right for you.

  7. Search houses for sale
  8. Search properties listed through Triangle MLS, and let your buyers agent find homes for you.

  9. Learn about the communities of the properties you're interested in
  10. Have your buyers agent help you find information about neighborhoods, homeowner's associations, schools, traffic, crime and commutes. Also have your agent check for restrictions such as zoning, liens or easements.

  11. Make an offer
  12. Have your buyers agent conduct property value research and learn about the seller's motivations and deadlines. Find out if the seller has had any other offers, and prepare an offer with guidance from your buyers agent.

  13. Conduct home and other inspections
  14. Ask your buyers agent for assistance in completing all necessary inspections. Additional types of inspections might be important for your specific location.

  15. Negotiate if necessary
  16. Based on inspection information, renegotiate the terms of purchase if needed. When the terms are to all parties' satisfaction, sign the Purchase Agreement.

  17. Walk through and inspect the home prior to closing
  18. Inspect the home thoroughly to ensure it meets your expectations and the conditions of your agreement.

  19. Close on your new home
  20. The deed and mortgage are recorded in the state Registry of Deeds. Congratulations, and welcome to your new home!