Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you’re not familiar with all aspects of the process, and don’t have all the best information and resources at hand.
One of my specialties is representing the best interests of Baltimore area buyers throughout the home buying process. My comprehensive, high-quality services can save you time and money, as well as make the experience more enjoyable and less stressful.
If you’re like most people, buying a home is the biggest investment you will ever make. So whether you’re buying a starter home, your dream home or an investment property, why not take advantage of my experience as a local market expert for the Baltimore Area to make the most informed decisions you can, every step of the way?
Interested in purchasing a home?
The first step is to talk to an experienced agent and get pre-qualified. Leave your information and we will contact you right away to help begin the process.
There are many factors to consider before one decides to purchase a home, be it be a single person or a family. The three most common decisions that are to be made by the buyers of home are the location, price and the kind of home that is to be purchase. Many single people, couples and small families live in the city. City life does not provide that many options for housing as you commonly find apartments, condominiums, town houses, row homes, duplexes and brownstones. Although you can find single family homes in the city but they might not provide a large living space inside or outside to enjoy living. Despite the fact that city living provides convenience as it is close to night life, jobs, transportation and shopping which are easily accessible by foot or public transportation, however those who choose to live outside the city can get more for their money when it comes to housing options. Living space and ample of communities, towns and housing choices are just to name a few advantages that one can get if they choose to stay outside of city.
The Buying Process:
When looking to purchase a home for yourself or your family, it is crucial to hire a real estate professional who is knowledgeable about the market dynamics and sensitive to your needs. You want the best home in the market for your money as this purchase will probably be one of the biggest financial decisions you have made at that point in time in your life. Not only do you want a successful and smooth closing, but also you want to be sure that all the necessary arrangements have been taken care of so that you can focus on what is important and secure your future. Interested in purchasing a home? Take the first step by talking to an experienced agent and get pre-qualified.
Step 1: Do your research
The first thing you need to do is your research. Save your money and talk to a Real Estate Agent to find out your options.
Step 2: Hire a Realtor
After doing your research and talking to agents, hire a ‘Realtor’ that you feel has your best interests in mind, is trustworthy, dependable, knowledgeable and most importantly is experienced. While hiring an agent you will have to enter a contract agreement that protects both you and your agent. Make sure your Realtor explains this process clearly to you.
Step 3: Get Pre-Qualified
Before you begin with your home viewing process, you need to know how much amount for a house can you afford. This process will also determine if you have any credit issues. Even if you have any credit issues, speak to your Realtor and/or lender, they can guide you about what can be done to repair your credit issues in the shortest amount of time.
Step 4: Begin Home Search
Once you are pre-qualified your agent will take you to view different properties within your budget. Visiting various properties can help you get an idea of what kind of home you want and the area you want to live in.
Step 5: Make an Offer
Once you found the home of your dreams, make an offer! This is an area in which a real estate agent is invaluable. You and your agent will discuss the offer price you want to make based on comparison between the different properties that have sold recently in that area. The agent will draft a contract that is agreeable to the home buyer that will include the offer price as well as terms that the has been pointed out by the seller. The seller and the buyer will then need to meet in order to achieve a successful transaction. The agent will ensure that the contract meets all of the necessary legal requirements.
Step 6: Secure Mortgage
Once your offer is accepted, you must secure your mortgage by completing the mortgage application.
Step 7: Home Inspection
Get a home inspection. Your agent can help you find a reputable home inspector who will inspect your property to check for any issues. A credible inspector will check the foundation of the home, plumbing, electrical systems, the roof, walls, and visible insulation. An inspector will also look for signs of mold, asbestos, and pests.
Step 8: Insurance
Now you need to purchase home owners insurance for this property. This will protect it in the event of fire, theft, or other potential unfortunate liabilities. Title insurance is another type of insurance that home-buyers may want to consider. This will protect the buyers against liens for the property.
Step 9: Close
Prior to the closing or settlement date, the buyer will want to verify their agent, lender, and escrow company that all of the necessary documents have been signed and terms are met. If not, this should be taken care of immediately to ensure that there are no last-minute problems. Pay closing cost and get your keys!
Step 10: Move-In!
This can accrue extra cost, therefore make sure you budget ahead of time for moving expenses and new furniture for you new home!