Buying a home is an exciting process, but if it’s your first time, there are many factors to consider. The process can get complicated at times, but with a bit of guidance from a real estate agent and some knowledge of the steps involved, you’ll be in the home of your dreams in no time. Take a look at the outline below for a few key points of buying a home. 

A Guide to Buying a Home

1. Determine Your Budget

Before you even begin looking, know how much you can afford to spend. A good place to start is to consider prices that are two-to-three times your annual income. This will provide a starting point for mortgage pre-qualification. You’ll then want to speak with a mortgage lender to determine exactly what kind of mortgage you’ll qualify for. Once you have pre-approval, you can begin researching homes in your financial range.

2. Hire a Real Estate Agent

A real estate agent can be your best asset when buying a home. If you have a general idea of what you’re looking for, they can guide you to neighborhoods that match your preferences, show you properties that have amenities you want, and connect you with reputable sellers.

3. Choose a Home & Make an Offer

When you’ve found the home for you, work with your real estate agent to make an offer you feel is fair. When determining this number, it’s helpful to consider what similar homes in the neighborhood have sold for. Once your offer has been accepted, hire a home inspector and appraiser to look into all aspects of the property. They may uncover underlying issues you can use to renegotiate the price and will also provide peace of mind that you’re making a sound purchase.

4. Settle & Close the Deal

Once your mortgage lender has given you final approval and the seller has agreed to a price, it’s time to finalize the transaction. A lot of paperwork is involved, which is why it’s important to have a real estate agent—and possibly a real estate lawyer—on your team. They’ll ensure everything is filed correctly so that no problems arise.

Having assistance throughout the process is invaluable, so turn to an agent at Amber Lube, Keller Williams Realty Concord/Kannapolis in North Carolina for assistance. They’ll work closely with you, whether you’re selling or buying a home, and will bring the expertise needed to help you reach the best outcome. You can contact Amber at (704) 577-5966 or Leaurel at (704) 467-0685 today to schedule a consultation and visit their website to learn more.