The Home Buying Process
As you begin to think about buying a home, you're probably aware that this is likely to be your one of the largest investments of your life. It is important to have a dedicated team of professionals on your side as you navigate the process. Our team at Steps Real Estate Sunnyside will ensure you are empowered to make the best decision possible for you and your family. We are here for our clients every step of the way.
Build Your Team
When looking for the right realtor you want someone who knows the real estate market and can provide a local perspective on the current housing inventory and pricing. Our team will conduct an in-depth “needs-analysis” to ensure we can help discover and deliver the perfect home for you. Our goal is to provide you with a clear understanding of the buying process and guide you every step of the way.
Meet with a financial consultant, preferably before you begin looking for a home. It’s always better to get a pre-approval than pre-qualify before house hunting. A pre-approval is when you submit a loan application that has verified your income and information so you know the exact amount of the loan you qualify for. Your Steps Real Estate agent can help guide you in the right direction when starting the process of getting a home loan.
Find Your Dream Home
You have met an exceptional agent from Steps and you are now ready to find your dream home. Allow your agent to guide you through a process to help you focus on the best choices for you. Some questions your agent might ask you include: How big do you desire your home to be? How many bedrooms would you like? How big would you like your yard to be? What size of a garage would you like? Do you want to live in a specific location? What amenities would you like nearby your home? Do you need to live in a particular school district?
Make An Offer
Once you have found a home you love, the next step is deciding what to offer. Your agent will guide you on current market values, sharing with you prices of comparable homes to help you finalize your offer strategy. In addition, you will need to consider other terms such as the closing date, financing options, items included in the sale and timelines. During the negotiation, your Steps Real Estate agent will thoroughly explain each point of the agreement so you are informed and in control. Once your offer is accepted, you can then perform an inspection and other due diligence to ensure the home you are buying is in the condition you understood as you were making the offer.
Close And Celebrate!
Once you have finished the inspection and other due diligence, it is time to move through the final steps of the home-buying process. It is important during this final stage to stay in close communication with your financial consultant to make sure all documents are submitted in a timely manner. Your Steps agent will help you set up a time to sign loan documents and help you coordinate the date and time of possession. This is an exciting time. Celebrate!
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.