The Basics of Purchasing a Home
Congratulations on your home purchase decision! There are many important things to consider throughout the home-buying process, especially if you’re a first-time homebuyer. Here’s some home purchase information that will keep you on track.
General Information About Buying a Home
A home purchase may be your largest financial transaction to date, so it’s important to make the right decisions and to keep an eye on the details. With the assistance of your Real Estate Agent and Loan Officer, it should be an efficient, pleasant, and ultimately rewarding experience. The first, and potentially most important, step in purchasing a home is selecting an experienced team that will help guide you through the home-buying process.
Count On Your Real Estate Agent To:
- Preview available homes to weed out those that are overpriced, or undesirable in some other way.
- Present the homes that suit your needs as you’ve defined them.
- Help you determine the difference between a “good buy” and a property that might need to be discounted if you decide to sell in the future (due to market factors that are outside of your control).
- Negotiate the best deal for you. With a Pre-Qualification letter from the Jeff Kramer Team in hand, your agent will be able to demonstrate that you are a qualified and capable borrower. This will strongly influence the seller, and may make the difference between the seller accepting your offer or someone else’s – even if your offer is lower!
Count On Your Mortgage Broker and Loan Officer To:
- Assist you in selecting the best home loan to meet your personal situation and goals. (This single decision can save you thousands of dollars throughout the years!)
- Keep you informed of your home loan status throughout the entire process.
- Keep your Real Estate Agent informed of your loan progress (Note: your personal information is always kept confidential between you and us; only deal points and progress are shared).
- Get the appropriate loan for you at the best rates and fees. This will save you significant money “up front” and throughout the years to come.
Count On Yourself To:
- Keep your real estate agent, mortgage broker, and loan officer informed of any questions or concerns as they develop.
- Keep the process moving by providing documentation and decisions as soon as reasonably possible. By doing so, many of the details are taken care of early in the process so you can comfortably concentrate on any last-minute details or events that require your attention.
- Enjoy purchasing your home, but do remain objective throughout – to make the business decisions that are best for you.
- Make sure you are pre-approved as early as possible. This will put the power of financing behind you so you can concentrate on selecting your home.