Steps to Owning a Home

Step 1- Make the Decision to Buy
For most people, buying a home is the biggest decision they will ever make. Buying a home is certainly a very exciting time, and it is important that you know all the facts to make sure that buying makes financial sense for your lifestyle.
 
Step 2- Get Professional Guidance
Whether you are looking to buy or sell, it is important that you get help and advice from a trusted real estate professional. Your real estate agent should act as a consultant and guide you through the entire buying process. That includes answering questions about the neighborhood, market conditions, schools, and helping you get the financing you need. At the same time, your agent will assist you in acquiring pre-qualification for a mortgage. This will show lenders you are committed to purchasing a home, and will make your financing arrangements a lot easier.
 
Step 3- Begin the Search
To begin the search, you should have a general idea about the type home you want and the kind of neighbourhood in which you want to live. Your real estate professional will use all his/her resources to find homes that fit your criteria. You agent will also be able to advise you on “hot” markets and any good deals that are available. After reviewiing selected homes for sale, and viewing homes of interest,  your search will be narrowed, and you will be one step closer to finding your dream home!
 
Step 5- Finding your Dream Home
Once you've found your dream home, your agent will begin the process to get you moved in as quickly and easily as possible. The process usually begins with putting together an offer, tailored to your needs, to the seller. After the seller accepts the offer, closing is usually within 30-60 days from the offer date. 
 
Step 6- Negotiate the Deal
It is very likely that the seller will submit a counter offer. This should not discourage you. Your agent will help you assess the counter offer and will help you to decide whether to accept the counter offer, counter the counter offer, or reject the counter offer and move on. Emotions can often get in the way of making good decisions during these negotiations. Your agent will be well-prepared to help to make this step easy and stress-free. 
 
Step 7- Arrange Financing
During the closing period, you will be working with your mortgage lender to obtain the financing you require. Your agent will also be involved in this step.  He/she will gather the necessary property information that the lender requires to help you get that much closer to the end.
 
Step 8- Close the Deal
At the time of submission of your mortgage loan application you will be presented with closing cost estimates and the expected down payment. Your agent will review the closing cost estimate and provide you with an educated view of the accuracy of the estimate.
 
Step 9- MOVE IN!
The most exciting step in the home buying process - Moving Day! A little bit of planning here will help ease the pressure of moving. Your agent is with you all the way. You will be provided with a checklist of reminders to help make your moving experience a pleasant one!
 
Enjoy your new home!
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