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Understanding the Buying Process
Dated: October 11 2023
Understanding the Buying Process
If you’re interested in purchasing a home, it’s important to understand the ins and outs of the buying process. Having a clear understanding of how the process works will make it easier for you to get everything in order so you can find, buy, and move into the home of your dreams faster.
At Century 21 XSELL REALTY, we break the buying process down into five sections to make it simple and easy for you to understand and achieve:
Step One: Prepare - Before you can begin the search for your dream home, you’ll want to set up an initial meeting with us so we can talk you through the beginning steps of the process. We will help you review forms, sign agreements, and get your dream home wish-list ready.
Another important element on the ‘prepare’ to-do list is pre-approval for a mortgage or loan. Pre-approval is required for you to borrow a certain amount of money from a bank or lender, which then allows you to buy your new home.
Step Two: Find Your Home - The second step in the home buying process is to think about where you want to live, and start looking at homes in that location. Once you find a home that you’re interested in, you’ll want to ask your agent to schedule a showing so you can take a closer look.
Step Three: Offer and Post - Offer - Once you've chosen your home, you need to make an offer on it! If the seller accepts your offer, the home will then need to undergo an official inspection. If the home passes the inspection, you will then begin working with your lender on scheduling a home appraisal and securing a loan to finance your new home.
Step Four: Closing Preparation - In preparation to begin life in your new home, you’ll need to start packing your belongings and getting ready for the big move. You’ll also want to secure homeowner’s insurance, change your address, and schedule the arrival of your utilities.
Step Five: Moving In - When it’s time to finally move in, you’ll complete a final walkthrough before signing the closing documents. This walkthrough is necessary so that you have the chance to bring up any other issues with the property before you sign closing paperwork.
If everything looks good, you’ll begin the process of filling out paperwork to finalize the sale and ensure that the home is officially yours. You’ll also be responsible for paying any closing fees which may include homeowner’s insurance, escrow fees, and title insurance.
After the documents are signed and approved, the new home is officially yours! You can celebrate by hosting a housewarming party or by simply enjoying time in your new residence.
The home buying journey is made easy with the help of our team at Century 21 XSELL REALTY. If you think you’re ready to start your personal home buying journey, reach out to one of our Century 21 XSELL REALTY agents today to get the process started.
Derrick has worked with Century 21 XSELL REALTY since 2022. He loves that at XSELL, you are treated as an individual instead of one of many. When you work with Derrick, he will make sure to get the jo....
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