Buyer's Guide

Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching. In addition to looking for homes that interest you, also take note of any changes in asking prices. This could give you valuable insight into housing trends in specific neighborhoods and help you when the time comes to make an offer.

Just because you think you can afford a certain payment every month doesn’t mean the mortgage company will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you get your heart set on a home, talk to a mortgage professional to find out what amount you can qualify for. This will also be an advantage when you make an offer on a home, as some sellers won’t entertain offers from those who aren’t already prequalified for a loan.

This should be one of the most enjoyable steps of the entire process (other than moving in!). I’ll arrange showings of homes that match your criteria and fit within your price range. As you tour each property, take note of what stands out—both the positives and the potential drawbacks. Be sure to pay attention to details and consider the neighborhood as well. Take a moment to observe traffic patterns, parking availability, and proximity to schools, grocery stores, or other necessities that are important to your lifestyle.

In most cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. I can help you arrange this, and you can schedule it within days of making an offer. If there are no major issues, the process goes to step eight. If there is, you can renegotiate your offer based on what needs to be fixed, or you can withdraw it.

If you’re paying cash, you may choose to waive the appraisal, but if you’re financing the purchase, your lender will likely require one—especially if you’re putting down less than 20%. The appraisal provides an independent value of the home to ensure all parties are aligned on a fair price.