You are thinking about becoming a home owner! The prospect of owning your own home is an exciting one. The purchasing process can be a roller coaster ride but Pay it Forward Realty is here to help and guide you through each step of your Home search and purchase.
Buying Your First Home
There are several steps to purchasing a Home , whether its your first home or your next home. As you begin your journey to home ownership, it is important to become educated about the process. Keeping an open mind is also recommended because as you explore homes and neighborhoods and meet with real estate agents and home sellers, you may choose to alter your preferences and requirements if you are a 1st Time Home Buyer.
Evaluate Finances: Are You Ready?
Financial evaluation and preparation can streamline your house hunting process. To help you begin, start with affordability calculator.
Preparing your Paperwork
In advance, gather the financial documents you will need to secure a mortgage. This includes pay stubs, automobile and school loans, credit card records, statements from brokerages, banks and retirement accounts and income tax returns. Your mortgage lender can provide a complete list of what will be needed.
Shopping for that Perfect House
Working with a Pay it Forward Realty agent, your home search becomes more guided and dynamic. Our agents can save you time by focusing your search on the houses that fit your lifestyle and your budget. With their knowledge of the local neighborhoods and of Real Estate in general, they can share insight into the buying process, negotiating, getting to the closing table and even moving day itself.
When making an offer to purchase a home, your Pay it Forward Realty agent can assist you in completing a purchase offer. The purchase offer includes the proposed price, a list of what is to be included in the sale such as appliances and fixtures, contingencies or terms the sale is dependent on including a satisfactory home inspection, secured financing, sale of buyer’s current home, seller concessions including assistance with closing costs, proposed closing date, and an offer expiration date, which is typically 24-48 hours. Upon submitting your offer, the seller will review it and can accept, reject or make a counter offer. The purchase offer is not binding until both the buyer and the seller sign the agreement.