The home buying process

The steps you should follow during a typical home buying experience

1. Financing Evaluation:
• Assess your financial needs
• Visit a mortgage representative to get pre-approved

2. Needs:
• Assess your needs for buying a house
• Define a time frame for purchasing a house

3. Community:
• Identify a desired location of a property

4. Property Types:
• Identify what type of property you desire

5. Market Data:
• Research the market data to evaluate what buyers are paying for similar properties

6. Identify available properties:
• Your agent will be able to provide you with the list of available properties based on the information you provide

7. Visit:
• Finally, visit the properties that match your needs and wants

8. Prioritize:
• Rate the features of the houses you visited on the scale of 1-10 to identify needs and wants for you and your family.

9. Decide:
• Once you’ve narrowed down on THE house, it’s time to make an offer to purchase

10. Negotiate:
• The next step is to present and maybe negotiate an offer to acceptance

11. Contingencies:
• Once the offer has been accepted, select a qualified home inspector professional. You may find that data at http://www.state.ma.us/reg/boards/hi/
• Clear any other contingencies that may exist.

12. Purchase and Sales:
• You are now ready to sign a purchase and sales agreement

13. Financing:
• Secure the financing through the financial institution if applicable.

14. Arrange for move:
• Call your utilities companies, banks, doctors, etc….

15. CLOSE!
• Congratulations and enjoy your house!