Learn How to Buy a Home

The Checklist

  1. Preapproval home financing
  2. Find the Location you want to live
  3. Find the right agent
  4. Write the deal: The contract/negotiations. Low ball, not emotionally attached, closing cost, “all the BS”, time for inspection period.
  5. Inspection: 10-15 days due diligence (Up to you and your agent)
  6. Renegotiate on inspection deficiencies
  7. Follow up on financing
  8. Plan the move
  9. Move in

Steps When Buying a Home

Buying a home is one of the greatest financial decisions of your life, and there are so many worries associated. We’ve seen all the pros and cons to either Buying OR Renting, and everyone has a unique situation. We will tell you, “if you have time, you’ll never lose with Real Estate

Step One

Recognize Where You are at Right Now

The reason why this is important, is so YOU understand the situation you’re in, which is the only way to move forward.

Step Two

Identify Where You Want to Live

RESEARCH ALL THE INFO (HOMEWORK):

I certainly did not give you all the items you should look into while searching for a location, but at least it helps you get a jump start on what to think about.

Step Three

Set Up Financing

It's always a wise choice to speak with a lender early in the process so you know what you can afford, AND NOT TO OVERSPEND on a property. Financing requires tax returns, W2s, bank statements, and other administrative requirements to satisfy the loan!

NOT ADVOCATING, BUT CO-SIGNER: THESE PEOPLE ARE ON THE HOOK FOR YOUR DEBT.

Step Four

Identify What You Can Afford

It's always a wise choice to speak with a lender early in the process so you know what you can afford, AND NOT TO OVERSPEND on a property. Financing requires tax returns, W2s, bank statements, and other administrative requirements to satisfy the loan!

Here at RLS, we never want you to be a slave to your Real Estate. That’s why starting with a budget in the money section is number one! Once this step is complete, then budgeting for the home is next… Everyone needs a place to sleep, but not everyone knows the ratio to spend on a home. SCHEDULE A ONE ON ONE with a Real Estate Mentor, and let’s get you a place to call home, THAT FITS in your budget”

Step Five

Your Real Estate Agent (Your Representation)

Your agent is the link between you and the seller. This person needs to match the qualities of your expectations.

Step Six

NOW “The Deal”

The art of pros and cons, and advantages and disadvantages to entering the contract is critical! Speaking with someone who has been in the business for 10 plus years is essential to maximizing your position during ``the deal``.

Step Seven

Plan the Move and Move In

Ensure your agent gives you a list of all the utilities companies are in your area so you can call prior to close to have them on when you move in!

Top Real Estate Mentors