The Homebuyer's Journey: A Guide Pt. 2

Buying your first home is a huge part of the American Dream — and is also a daunting, potentially overwhelming process. Here’s how to get started and what to expect along the way.

Read Part 1 Here

Keep your eyes open while shopping

10. Ask HOA Questions

HOAs aren’t everywhere, but if you buy a house in an area with an HOA, you need to understand it.

11. Know What’s Fixable and What’s Not

Before you decide to take a hard pass on a place, know whether the things you hate about it are easily fixed.

12. Be Aware of the Market

If most buyers in the area are making offers over listing price, that’s information you’ll need to be competitive with your offer.

13. Figure Out Where You Have Room To Negotiate

Timing, rent-back situations, and other concessions can sweeten the deal for the seller.

Take it to the finish line

14. Find a Home You Love

We’re at the home stretch! Now you’re ready to start seriously shopping — because you can make an offer immediately.

15. Make a Competitive Offer

A top real estate agent can help you determine where to hold firm and where to negotiate.

16. Appraisal and Inspection

If you’re getting a mortgage loan, the house will likely need to be both appraised (valued) and inspected before you can close.

17. Title Search

A title company or attorney will look for any outstanding liens or ownership anomalies surrounding the home. (Consider purchasing title insurance.)

18. Underwriting

The mortgage loan (if you’re getting one) will only be issued after all your documents have been underwritten; the underwriter looks for any issues with debts, taxes, etc.

19. Closing

Today is the day you get your keys! Bring a cashier’s check or checks with your down payment and any other closing costs, and get ready to sign some paperwork. Congratulations!

Ready to start your homebuying journey? Let us work for you!