By Janet Nettles – Owner/Broker
Middle Tennessee Properties
RESEARCH REALTORS AND LENDERS
- If you haven’t worked with a REALTOR in a while, ask friends and family about their REALTOR. Interview several agents.
- Set up appointments and ask questions. Among your questions ask if the REALTOR is a buyer’s agent, if he or she is educated in working with buyers.
- A REALTOR will work in your best interest. He or she will guide you in finding the right property for you and your family.
- He or she will negotiate with the seller’s agent, and guide you through the process of closing.
- Once you have chosen a REALTOR, your agent can work with you in finding a lender.
- Sit down and talk with a loan officer. Ask what paperwork is needed in order to get a home loan. How much money do you need for closing cost and down payment?
- How can you prove your credit scores? Higher scores equal lower interest rates.
- Determine how much house you can afford. Don’t waste time looking at houses you can’t afford.
- Decide what’s important to you in a house. How many bedroom and bathrooms do you need or want?
- What size house, what square footage? Do you want a garage or carport? One or two stories?
- What school district? Inside or outside the city limits?
- Once you’re pre-approved, your REALTOR can guide you to a home that is in your price range and meets the needs of your family.
MAKE AN OFFER
- Once you find the right home for your family, make an offer. Once you’re under contract it can take up to four to six weeks to close on a home.
- Allow time to deal with any delays that may happen.
GET A HOME INSPECTION
- Once you are under contract your agent can help you choose a home inspector.
- If the inspector finds things that need to be repaired, you can decide what to ask the sellers to repair and what you can repair yourself.
YOU’RE ON THE “HOME” STRETCH
- If your lender asks for something, get it to them in a timely manner.
- Get the homeowner’s insurance on your new home. Remember to have the utilities changed over.
- Do a final walk-through with your agent. Make sure the home is in the same condition it was when you went under contract, and that any agreed on repairs have been made.
- The closing company will give you an exact amount of cash need to closing. Get a cashier’s check or give your bank wire information to the closing company.
- Closing papers are signed! Congratulations, you are a homeowner!