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1) Prepare your finances

2) Select a Realtor

3) Make a wish list

4) Research your home

5) Make your Offer

6) Congratulations!

 

1) Prepare your finances

  
a. Be choosy when selecting your lender.
  i. Low rates
    ii. Appropriate loan construction
    iii. Financial guidance
    iv. High sense of urgency
    v. Excellent closing record
    vi. Honesty & trustworthiness


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2) Select a Realtor to represent your interests (Buyer’s Agent)
a. This is a critical step. You will spend 15-50+ hours with this person.
He or she should posses such qualities as: 
   
   i. Availability either by phone or in person to answer your questions in a
   timely manner
   ii. A thorough attention to detail in regard to all aspects of the home buying
   process
   iii. Patience and attentiveness as you choose your home
   iv. Full understanding of you and your family’s needs in a home
   v. A strong drive for customer satisfaction
   
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3) Make a wish list for your new home’s criteria and present this to your Realtor.
a. Take advantage of your Realtor’s ability to find both listed and non-listed properties to widen your search.
b. Schedule appointments to view your top ten choices

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4) Your Realtor will Research your home PRIOR to making any offers
a. Check on restrictive covenants
 
   
   i. In-ground pools / above ground pools
   ii. Fence height, shape, material, location, permit requirements etc.
   iii. Number of pets allowed (both indoor and outdoor)
   iv. Landscaping restrictions
   v. Shed and workshop restrictions etc.

b. Get information for local schools
c. Determine number of local sex offenders in or near area (if applicable)
d. Gather tax information
e. Gather subdivision plat and most current survey (if applicable)
 f. Determine the necessity of inspections

i. Pest / Termite
ii. Home / plumbing / electrical
iii. Radon
iv. Well / septic tank
v. Mold

g. Recommend a purchase price
h. Determine long-term resale advantages
i. Determine any rental / investment opportunities

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5) Make your Offer
a. Realtor will negotiate strictly on your behalf for best price possible
b. A counter offer is very likely – discuss all benefits and strategies to accepting the counter offer or making changes and determine best course for your needs.
c. Present final offer – ACCEPTED! 

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6) Congratulations! You’re on your way to home ownership! Now you can allow your Favorite Realtor to finish his/her job. He/she will arrange for all inspections, repairs, title work, closing, and walk-through. All you have to do is get back with your lender and make sure that he/she has all the information necessary to complete the loan application. 

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1) Bankrate.com

1) Sunburst Mortgage Equity Corporation

2) First National Mortgage

3) Allied Home Mortgage

 
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