BUYER'S GUIDE
A STEP-BY-STEP FIRST TIME BUYERS GUIDE
OR REFRESHER
1. Check your Financial Health
First thing to check is your financial situation and credit score. Determine what down payment and monthly mortgage payments you can make. Don't forget to think about closing cost, furniture, etc.
2. Get Pre-Approved for a Mortgage
Connect with mortgage lenders to get pre-approved for a loan. Prepare necessary financial documents and meet with lender to better understand your borrowing capacity and establish a budget range. If you need a list Sloan can provide several he has worked with in the past.
3. Define your preferences
Define your preferences and needs for your future home. Consider location, size, amenities, and proximity to work or schools.
4. Begin Your Home Search
Start tourning homes that you and Sloan have selected that meet some of your preferences and price range.
5. Make an Offer and Negotiate
Once you find a suitable property, work with Sloan to make a competitive offer and negotiate terms with the seller.
6. Complete Due Diligence and Inspections
Conduct a thorough home inspection to identify any issues and review property disclosures. Sloan has over a decade of construction experience and can talk about what the inspection report actually means .
7. Finalize Mortgage and Closing Details
Finalize your mortgage application and review closing details. Coordinate moving logistics and utilities setup before closing.
8. Close on Your New Home
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Sign necessary paperwork with the title company and transfer funds for the down payment and closing costs. Receive keys and ownership documents, officially becoming an homeowner!