A Quick Look At The Home Buying Process
We put together this list to give first-time buyers an idea of the home buying process. This isn’t a comprehensive list. It’s more of an overview and introduction. Basis Real Estate Group works with a variety of buyers, and we want every one of them to feel comfortable about their home buying decisions. Feel free to contact us about the process or any listings on our website.
Finding Your Home
With websites like Trulia and Zillow, many buyers are starting their search for a home on their own. Going that route can be overwhelming. Our office is always available to help buyers get started. We’ll help you figure out how much you can afford and what features you need in your new home.
There are a few things that can happen once you submit your offer. The preferred action is an acceptance of the offer on the home. However, in some case, you may get a counter offer. Motivated sellers will do this to get an amount at or close to their desired selling price.
We highly recommend that you get a professional home inspection on any home you purchase. This can save you a lot of money! There are a number of systems (such as plumbing and electric) that may be in need of repair. Any issues could open up renegotiations with the seller.
Making An Offer
Once you find a home on the market, we’ll put together an offer for you. This process requires us to take in several factors, such as the amount you’ve been pre-qualified for and the value of the home. This part of the process can be stressful, but we do our part to make it a painless as possible.
Getting Your Contract
Congratulations! Once the seller accepts your offer on their property, you have moved one step closer to becoming a homeowner. What happens next? Your agent gets an executed contract that allows you to move forward with setting up your home inspections & closing.
Closing On Your Home
Once everything comes back clean with your title search, you are almost at the finish line. There’s some paperwork to fill out before you get your keys. Your agent works with the seller and a closing agent to set up the terms of the closing for you. Once everything is signed, you’ll have keys in your hand!