Steps to Buying a Home
You’ve decided to purchase a house in Northville, Michigan. You’ve spent hours driving around, day dreaming about the perfect home. Now, it’s time to move forward and make things happen. The process can seem overwhelming, but we are here to help you understand the steps to buying a home. The Ronayne Associates are just a phone call away to answer all your questions. Check out these helpful tips and then call us at 248-790-4647.
Hire a Real Estate Professional
Let’s look at all the things you know about real estate laws and transactions. Place those in a pile next to the knowledge a real estate professional has in real estate laws and transactions. It’s not difficult to see the difference.
A real estate professional is working on things with your best interest in mind, even when you are asleep or off having fun with friends and family. They work tirelessly to make sure that you get the attention you deserve.
Don’t fall into the trap of thinking you can handle all of the ins and outs of buying a home without help. Why make the process more stressful?
You’ve done the casual house searching, and you have an idea of what you want when it comes to your new dream home. Before you move to the next step, it’s important to know how much house you can afford. This will save you time and heartache when it comes to narrowing down home choices.
There’s no need to search for homes in the $700,000 price range when you can realistically afford one in the $500,000 range. Alternately, you may have more purchasing power than you think you have right now. Talking to a lender will help shed some light on your financial situation.
Getting pre-approved for a home loan amount puts the power in your hands to choose exactly which home is perfect for your needs. Your pre-approval letter means that a lender has already reviewed your finances, checked your credit and considered you a good investment.
Find Your Home
Most people begin their search for homes with a large checklist of must-haves and deal-breakers. By the time you’ve looked at several houses, you begin to understand that getting everything you want in a home may not happen as easily as you envisioned.
Create a decisive list of criteria that becomes your guide to narrowing down your home search. Begin to weed out those homes that don’t fit your criteria until you have a couple that make the final choice stage.
A real estate agent is helpful when it comes to narrowing down your selections. They have a great eye for hidden possibilities, and they have access to a large network of people who may have exactly what you’re searching for in a home.
Make an Offer
You’ve found your perfect house, and you can’t wait to call it home. Now, it’s time to make an offer. This is where having a real estate professional working with you can be priceless. A real estate agent can negotiate on your behalf to make sure you get the best price and terms for your home deal.
Real estate professionals have the inside information you need to know to make your best offer. They know how long the house has been on the market, which may mean that you can make a lower offer. They know how many other potential buyers are seriously considering the house. This may help you to make a more serious offer to ensure you’re offer is chosen.
Get Home Inspected
Before you sign your name on the dotted line, set up a home inspection. A bit of time spent now can save you a major headache in the future. An inspector will take a thorough look at the house and alert you to any possible problems.
That small crack in the ceiling may be easy to fix, or it could mean there is something structurally wrong with the home. Having a qualified home inspector take a look and submit a report takes the guessing out of issues like that crack.
This is the day you’ve been waiting on since the first moment you saw your dream home. Your real estate professional will be with you every step of the way, navigating the waters and negotiating on your behalf. This will be an amazing day of celebration for both of you!
Reach out to the Ronayne Associates at 248-790-4647 when you’re ready to look at homes for sale in Northville, MI. Let us help make the process as easy and stress-free as we can for you.