There are so many different people and steps involved in buying a home, that it can be easy to lose track of each small part of the process. Lakeside Title Company has you covered with this real estate survival guide for buyers. Use this list as your checklist during this exciting time!
- Get Your Real Estate Team Together
It’s essential to start with building relationships with a real estate agent, lender, title company, and home inspection company. Lakeside Title can help you build your dream team! Meet our Team. - Establish a Budget and Desired Characteristics
Your home buying team can help you determine a target price range, based on your down payment, mortgage approval, a title quote, and other estimated closing costs. With that number in mind, buyers should carefully consider and rank their desired home characteristics, such as number of bedrooms and bathrooms, neighborhood, and other amenities. Then, the fun of looking at homes begins! - Offer, Inspection, and Home Appraisal
Once buyers are ready to make an offer on a home, the team of professionals they have established comes into play. Real estate agents will help the buyers craft and deliver an offer to the sellers. If the offer is accepted, a home inspection and appraisal may be needed to secure financing. - Finalize Financing and Close
A mortgage broker or lender can help buyers gather all the necessary documentation to complete the financing process for the mortgage. In some cases, title insurance may be required, which Lakeside Title Company can assist with. Then, it’s time to set the date for the closing! Learn more on what to expect on closing day, or our remote closing options. - Move In and Complete Post-Purchase Tasks
Once you get the keys to your new home, the real fun begins! After moving day is complete, establish your plan for paying the mortgage and home insurance. Also, keep that home inspection handy! Review it closely so that any issues found can be addressed as soon as possible.
Buying a home can be an arduous process, but the Lakeside team is here to help. Subscribe to Lakeside Title Company’s blog to continue learning about industry trends and new developments in the real estate market.