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The Buying Process
1. Before Purchasing
Make sure you have a stable income, a good credit score, and enough savings for a down payment, closing costs, and unexpected expenses.
2. Get Pre-Approved for a Mortgage
Know how much you can afford and get pre-approved to show sellers you’re a serious buyer. Make sure important documents are prepared when you decide to move forward in the process which includes:
a. Photo ID (driver’s license or passport)
b. Recent pay stubs (last 2-3 months)
c. W-2 forms from the past 2 years
d. Tax returns (especially if self-employed)
e. Bank statements (last 2-3 months)
f. Proof of any extra income (bonuses, gifts)
g. List of debts and monthly payments
3. Consider proximity to work
Schools, amenities, safety, and future development plans that might affect property value. 4. Think about your current and future needs — number of bedrooms, yard size, layout, and whether you want a fixer-upper or move-in ready home.
5. Budget for property taxes
Insurance, maintenance, HOA fees (if any), and utilities beyond just the mortgage payment.
6. Be prepared to invest in a home inspection to uncover potential issues before finalizing the purchase.
STEPS
Step 1: Agreement & Deposit
Once your offer is accepted, a legal contract is created. Keep all agreements in writing — including any changes. I’ll help with paperwork and keep you updated.
Step 2: Closing Agent
A title company or attorney will hold your deposit and check the property’s title for any issues before closing.
Step 3: How to Hold Title
Consult an attorney or tax advisor about the best way to hold ownership — it can affect taxes and estate planning.
Step 4: Home Inspections
Schedule a licensed inspector to evaluate the property. You can also get specialists for things like the roof or HVAC. Based on results, you may ask for repairs or price adjustments.
Step 5: Appraisal & Loan Approval
​Your lender orders an appraisal to confirm the home’s value. Stay in touch with your lender and provide all needed documents to keep your loan on track.
Step 6: Association Approval (If Applicable)
If the home is in an HOA, submit your application and fees on time. You might need to attend a meeting. Approval is required before closing.
Step 7: Homeowners Insurance
​Lenders require insurance on the home. Shop for the best rates and consider raising your deductible or asking about discounts.