Steps of the Buying
Process
1. Perform a Comparative Market Analysis (CMA)
A real estate agent can perform a CMA for you. A CMA
highlights housing specific of a given location: what's
currently on the market, pending sales, and recently
sold properties. The CMA helps you determine the homes value for a given
local..
2. Begin the Financing Process
This could be the most important step. You will need
financing unless you are paying cash.
3. The Home Search
The right agent will work with you to find your dream
home, by helping you narrow your search. He/She can
develop a list of properties base on your preferences
and needs4.
Offers and Counteroffers
The old adage 'every
thing is real estate is negotiable may not always work
in the buyers favor. A Skill agent can be essential
here. While emotions might cloud your judgment you
can depend on your agent to provide an objective advise.
5. The Home
Inspection
A home inspection can
help you protect you interest. The walk through is done usually
just prior to closing to helps you determine if any problems or
repairs need to be completed before the purchase is
complete.
6. Prepare for
contingencies
Contingencies are
terms that must be met before an agreement is binding.
Contingencies must be removed from the contract before
it can be
executed.
7. Closing
Ready to take
possession, but annoying snags can occur. Your agent
will help you resolve these issues and facilitate the
property transfer.. |
