Welcome to The West Valley Home Team Buyer Empowerment University, a series of blog posts providing you with the information you need to make your home buying process easier. Whether you are a first-time homebuyer or it has been awhile since you purchased a home, the home buying process can sometimes appear complicated and daunting. We believe good decisions are based upon good information. After all buying a home is, perhaps, the single largest financial and emotional decision most face in their lifetime.
To get started, here's an overview of the home buying process that we will later cover in detail in further posts:
The 5 Steps of Buying a Home
Step 1: Qualifying for a Home
We will show you how to figure out how much house you can afford and what you can qualify for. We will also provide you with some great information about pre-qualification vs pre-approval as well as closing costs you will encounter.
Step 2: Finding a Home
We will let you know some important tips about finding the right home.
Step 3: Making an Offer
Once you locate a home you want to buy it is time to make an offer to the seller. We will go over the important things to consider when placing an offer on a home.
Step 4: Getting the Home Inspected
Once the seller has accepted your offer it is time to deposit your earnest money. Typically you will have 10 days to perform any inspections on the property after offer acceptance. It is recommended that you hire a professional home inspector and also have a termite inspection completed. We will answer the most FAQs about home inspections.
Step 5: Closing on Your New Home
We will go over the closing steps that need to be completed so you can take possession of your new home.
What’s next? The next The West Valley Home Team Buyer Empowerment University post will examine what lenders look for when qualifying someone for a new mortgage loan. Check out our Qualifying for a Home post.
