Buyer Resources

Home Buying Process

  1. Assess Your Finances Ensure you are financially prepared by reviewing your income, expenses, debts, and credit score.
  2. Chose a Lender & Secure a Pre-approval Getting pre-approved is crucial so you are aware of how much you can afford and what you will be able to borrow. While the excitement of finding your ideal home is understandable, it’s essential to ensure that your choice aligns with your financial goals and budget. A pre-approval also shows sellers you are serious about buying and can help your offer stand out.
  3. Find a Real Estate Agent Selecting the right real estate agent is one of the most important decisions in the home buying process. Your agent acts as a trusted advisor guiding you to the right property, negotiating on your behalf, and supporting you through every step. The Agents at Property Exchange Partners are ready to serve you!
  4. Search for Homes Once you have determined your budget, you can begin looking for homes! It is important to consider the features in a home that are most important to you. Home type, location, number of bedrooms and bathrooms, square footage, and condition of home are some important things to consider.
  5. Submit a Competitive Offer Once you have found the home you wish to purchase, your Agent will help you submit a competitive offer. Your offer not only includes the sale price you are willing to pay, but also how you intend to finance the home, down payment, who is paying the closing costs, any included personal property, inspections or repairs you wish to have done, when you will take ownership and possession, and any contingencies. The seller then can either accept, decline, or counteroffer. If they counter your offer with any changed, this begins the negotiation process until both parties agree or decide to part ways.
  6. Make a Final Walkthrough After everything in the contract has been met, it is important to walk through the property one more time before closing to ensure everything is working and everything included in the contract is there.
  7. Close on Your New Home! Typically, closings are done by the title insurance company, an attorney, banking institution, or real estate broker.

Buyer Resources