As a potential homeowner, it can be daunting to start the home-buying process. There are many things to consider and remember, so it’s good to have some assistance on your side. A RE/MAX Showcase Agent can help explain and guide you through the whole process, but there are also a few steps to remember.

Here are a few steps, as outlined by the National Association of Realtors, to keep in mind:

1) Be Prepared for Home Ownership

• Build up a good credit score history
• Get pre-approved for a mortgage
• Find out what type of mortgage you qualify for
• Save 10-20% of the property’s value for a down payment
  • Consider closing costs and fees
  • Consider utilities and monthly bills

2) Find a Real Estate Professional

• Use a referral from family and friends or find a Realtor through our search bar
• Be sure to explain what property type you are looking for

3) Find the Right Property

• Determine what’s important to you, such as schools / neighborhood amenities / public transportation / etc
• Calculate your mortgage payment (including utilities & taxes)

4) Finance the Property

• Contact your mortgage broker or lender
• Make sure you understand all the financing terms

5) Make an Offer

• Have a licensed home inspector inspect the property
• Acquire title insurance
• Make sure your offer is contingent upon title clearance
• Read all contracts before signing – ask questions!
• Place a competitive bid and be prepared for a counter-offer

6) Closing & Life After the Big Purchase

• Purchase homeowner’s insurance
• Weatherproof your new home
• Maintain all documents of the home buying process
  • Keep them in a safe place
• Determine a move-in date and schedule with movers or truck service
• Get to know your neighborhood and explore!
• If you were happy you with Realtor’s work, be sure to recommend them to friends and family!