Buying a house may be the most complicated financial process of your entire life. Luckily, we’ve broken it down into 10 straightforward steps:
1.Are you ready to become a homeowner? Whether you’re becoming a homeowner for the first time or you’re a repeat buyer, buying a house is a financial and emotional decision that requires the experience and support of a team of reliable professionals.
2. Get a Realtor® In the maze of forms, financing, inspections, marketing, pricing, and negotiating, it makes sense to work with professionals who know the community and much more. Those professionals are the local Realtors who serve your area.
3. Get a mortgage pre-approval Most first-time buyers need to finance their home purchase, and a consultation with a mortgage lender is a crucial step in the process. Find out how much you can afford before you begin your home search.
4. Look at homes A quick search on our site will bring up thousands of homes for sale. Educating yourself on your local market and working with an experienced Realtor can help you narrow your priorities and make an informed decision about which home to choose.
5. Choose a home While no one can know for sure what will happen to housing values, if you choose to buy a home that meets your needs and priorities, you’ll be happy living in it for years to come.
6. Get funding The cost of financing your home purchase is usually greater than the price of the home itself (after interest, closing costs, and taxes are added). Get as much information as possible regarding your mortgage options and other costs.
7. Make an offer While much attention is paid to the asking price of a home, a proposal to buy includes both the price and terms. In some cases, terms can represent thousands of dollars in additional value—or additional costs—for buyers.
8. Get insurance No sensible car owner would drive without insurance, so it figures that no homeowner should be without insurance, either. Real estate insurance protects owners in the event of catastrophe. If something goes wrong, insurance can be the bargain of a lifetime.
9. Closing Team The closing process, which in different parts of the country is also known as “settlement” or “escrow,” is increasingly computerized and automated. In practice, closings bring together a variety of parties who are part of the real estate transaction.
10. What’s next? You’ve done it. You’ve looked at properties, made an offer, obtained financing, and gone to closing. The home is yours. Is there any more to the home-buying process? Whether you’re a first-time buyer or a repeat buyer, you’ll want to take several more steps.
Welcome, and thank you for visiting the Highland Realty Group LLC and the premier website for searching real estate throughout South-East and Central Pennsylvania. We are a full service real estate company offering Sales and Management, Fine Home Sales, Rentals, Investment and Distressed opportunities, Short-Sale and foreclosure alternatives to distressed owners and more. We are available literally 24/7. Please Call or Chat using the window below, Anytime day or night!
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"WOW! What an amazing experience. I was told by a friend that the buying process would be tedious and exhausting but Paul did everything possible to make our first time purchase an absolute blessing. Thank you Paul for a great experience - We WILL be back when our little one get older :-)"