Buying a Home

SEVEN STEPS TO BUYING A HOME WITH AN AUSTIN & AUSTIN REALTOR

The prospect of buying a new home is incredibly exciting. Nevertheless, traveling from the initial thought to the final move can be filled with unforeseen difficulties, detours, and complications. Your Austin & Austin realtor will be happy to lead you from start to finish, and here are some steps that you can expect to encounter as you move from A to B.

1. GET YOUR FINANCIALS IN ORDER

Checking your credit score, taxes, 401(k)s, and other areas of your finances should be one of the first steps you take. This will help you determine what you can afford when it comes to a monthly mortgage, utilities, maintenance, taxes, and insurance.

It’s also not a bad idea to get pre-approved by a lender for a loan. That way, you can let sellers know that your financing is ready to go when they are.

2. FIND A REALTOR

When choosing a realtor, there are several factors you should keep in mind. Your real estate agent should be service-oriented, friendly, and trustworthy. They should have the background, experience, and knowledge necessary to locate the best options for you in your desired area and price range. More than anything, they should be your advocate in the buying process, caring more about your satisfaction than the sale.

The realtors at Austin & Austin build their business around honesty, integrity, and a deep understanding of the market. We’re ready to do what it takes to get you into the right home.

Take a look at our qualified agents.

3. SEARCH FOR A PROPERTY

By this point, you’ve surely already been thinking about what it is you desire in a home, but now’s the time to start getting specific. It can help to separate the qualities you want into those that are nonnegotiable and those you would be willing to go without.

Next, share these needs and preferences with your realtor, who will be able to identify the available properties that suit you best. After visiting several possibilities, it’s time to consider where you want to make your offer.

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4. MAKE AN OFFER

When you find a home that you want, your agent will help you decide on an appropriate figure to submit to the seller in a formal offer. The seller will then review your offer and respond with an acceptance, a rejection, or a counter offer.

If you receive a counter offer, the negotiation process will continue until both you and the seller are satisfied, or until the two of you decide to end the negotiation. Your realtor will give you guidance on how to respond to counter offers so that the transaction is a success.

5. APPLY FOR A MORTGAGE

If you reach an agreement with the seller, you can go ahead and submit your mortgage application along with the accompanying fee. The lender is required to give you an estimate of all closing costs, so make sure you review these fees before signing the loan contract.

Confirm that you have given the mortgage company all the necessary documents so that the process isn’t delayed.

6. DO AN INSPECTION AND TAKE CARE OF OTHER CLOSING PROCESSES

To make sure the property is in good condition, hire someone to perform an inspection. Your realtor can refer you to a professional who will be able to get the job done well. The same goes for a surveyor, a title company, an appraiser, and anyone else you may need to help you bring the deal to a close.

If anything unexpected surfaces during these procedures, your realtor will help you understand the best course of action.

7. CLOSE THE DEAL

After completing all the closing processes, set a date for signing the papers. Before you give your signature and hand over the check, your agent will review the settlement sheet and convene with you about any final questions.

Once the papers are signed, the title will be transferred, the seller will give you the keys to the house, and you will be ready to move into your new home!