a ‘how-to’ on home buying
Buying a home can be a bit overwhelming, especially when you have no idea where to begin. That’s why we’ve provided you with these eight easy steps that you can follow in your home buying process. With Sunova, buying a home is as easy as 1, 2, 3.
1) Figure out your finances
Before you begin looking for home, you should be familiar with your financial situation. What is your monthly income? Expenses? Do you have enough set aside for a down payment? This is also usually the time you will want to sit down with one of our associates to find out how much you can actually spend on your new home. Getting your mortgage pre-approved can help save you time and a financial headache when you are finally ready to make an offer on your dream home.
There are additional fees to consider when purchasing a home. Make sure you are familiar with all of the costs associated with purchasing a home and, more importantly, make sure you can afford to pay for them.
3) Seek professional help
By working with a skilled realtor, mortgage professional (like one of our lending associates), a lawyer, and appraiser, you have a wealth of knowledge at your disposal. These professionals will be happy to help you with the home buying process, as well as answer any questions you may have.
4) Start shopping
It’s finally time to find your dream home! Before you start shopping, take some time and figure out what you want in a home, including the location, size, and features.
5) Make an offer
Found the home that you want? Great, make an offer! Don’t know how? That’s ok. Ask your lawyer and real estate agent to help draft your Offer to Purchase.
6) Finalizing the offer
Congratulations, you finally sealed the deal! Remember, there is a lot that needs to be done to complete the purchase (and on top of everything, you now have to pack). Again, your realtor, lawyer, and associate can help (not with the packing, just with all the other stuff).
7) Make another budget
So the home is yours and you’ve moved in. Now that you are a homeowner there are a couple things to consider, specifically your budget. Make sure you have enough money each month to make your mortgage payments, cover home repairs and maintenance, and to start setting money aside for a rainy day. Again, a Sunova associate can help you figure out how much you will need each month and help you save for the future.
Enjoy your new home and don’t hesitate to contact us if you need anything or have any questions. We’re more than happy to help!