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Process Essay: Buy Your First Home

527 Words3 Pages

Buying your first home is a very exciting time in your life, it can also be a stressful and frustrating time in your life. Over the years I have learned a wealth of knowledge on how to eliminate your stress and frustrations and focus on the excitement.

Here I will focus on the various elements of a real estate transaction from before we look at our first set of homes to the day you move in.

Mortgage Pre-Approval. Getting a pre approval of you mortgage is extremely important as it gives a point of references regarding your purchasing power of a home, which in turn will help us decide two big factors: the size of home and the location. Home Search. Now that we know our budget it's time to find you a home. Finding you the perfect home is a collaborative effort between you and myself. There will be many discussions on the type of home, area and location, and when we find suitable homes I will book showing to see them. During showing I always urge my clients not to be silent and please let me know what you like and what you don't like about the homes as somethings can be changed or we continue narrowing our search. …show more content…

Now that we have found the right place we need to put an offer together.Lets start with everyone's favorite the price. Pricing a home based on comparable home sales, market conditions, and competing offers ultimately you have this last say on the price we offer. We also have to consider what conditions to put into the offer, I always recommend no matter the condition or age of the home that we have a home inspection clause. If the home is on well water and septic sewage we will need the proper test include for those. There are many clauses and conditions that may need to be included for many reasons, in further blogs I will get more in-depth with making an

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