5 Steps to the Buying Process

Finances - Organizing your finances is the first step in your home purchase.

Consider one time cost like the down payment, legal fees, inspection fees, taxes and moving expenses.
Anticipate all monthly costs including taxes, utilities and upkeep.
Determine the current equity in your home and consider paying off high interest loans or rolling them into a new mortgage.
Research several mortgage options and pre-qualify before making any offers.

Your Needs & Wants - Consider your current lifestyle as well as the future budget.

Select a location that best serves your evolving lifestyle and is close to the amenities important to you.
Look for features you will need, such as additional bathrooms or a large yard.

Beginning Your Search - Preview home that meet your criteria and remain objective.

Have your agent send you listings of properties that match your criteria.
Make sure your agents helps you understand current market conditions.
Be aware of noise levels from neighboring propertiess and the street.
Flush the toilets, turn on the shower, open cabinet drawers and look in closet corners.

Making an Offer - Look at what comparable houses are selling for in the neighborhood.

Invest in a home inspection and review any potential areas of concern.
Work with your agent to sort through key elements of your offer such as, price, deposit, financial terms, inclusions and exclusions and your closing or possession date.

Closing - Hire a legal professional to manage all closing documentation

Obtain Home Insurance and notify your lawyer and mortgage lender of the selected insurer.
Coordinate cancellations, transfers and change or address notification documentation, pay fees and collect keys to your new home