Buying a home, particularly for the first time, is a daunting task for anyone. The downpayment alone is a sizeable amount of money to fork over and most people will continue to pay on their new purchase for fifteen to thirty years. With all of this considered, it is no surprise that many first time buyers have anxiety when it comes to signing those final papers. To make matters worse, navigating the home buying process can feel like a nightmare. One needs to secure a real estate agent, find a mortgage lender, provide information regarding all of their finances, on top of finding the home of their dreams. I understand how confusing this process can feel, and in this blog series, I will break down the steps necessary to finding a new home in the Dayton, Ohio area, one issue at a time. Contact me today to speak with a realtor.
When I bought my first home three years ago, I didn’t know where to start. I had a certain amount of money set aside for a downpayment, and vaguely knew that I needed to secure a real estate agent. Similarly, I knew that I needed a mortgage, but didn’t know who to turn to, or at what point in the process I needed to address this issue. In this series, I will be covering, in detail, each step in the process of finding a new home. Issues I will cover include:
- Planning your budget and explaining how to get a pre approval letter
- What to look for and consider in a real estate agent
- Issues to consider when looking for a new home
- What to expect while going through the mortgage process
- What happens once you make an offer on a home
- What to know about the closing process
Anyone who has ever purchased a home before will tell you that the process is rarely straightforward. An enormous amount of paperwork is required, as well as inspections, appraisals, insurance, etc. It is the responsibility of the buyer to ensure that the property does not have any structural defects, and that it is safe to inhabit. Likewise, your lender will require proof that the property they are lending you money to buy, is actually worth the purchase price. There are many points within the home buying process where something in the deal can go awry; it is the job of your real estate agent and mortgage lender to help you navigate each step successfully. If the home buyer is well informed and has done their research, they will be less likely to panic if and when a small problem comes up, and will know how to address any issues in a timely manner.
Contact me today to speak with a Dayton real estate agent. I also service Beavercreek, Centerville, Cincinnati, Clayton, Englewood, Oakwood, Fairborn, Harrison Township, Huber Heights, Kettering, Miami Township, Miamisburg, Riverside, Springboro, Trotwood, Vandalia, Washington Township, West Carrollton, and Xenia.