Buying your first home can be stressful: it's a weird, long process with lots of pitfalls and questions and signatures and documents and... (you get the picture). Sometimes, it's hard to know what's actually going on. This path features resources that can help you navigate the home-buying process with ease.
Buying Your First Home
Let's get started by reviewing the entire home-buying process, and then we'll dive into each individual step. Ready? Go!
A buyer's agent should do more than just fall asleep at your closing (true story - that totally happened to me). Your agent can help make this process a dream... or a nightmare. Find the agent that you can work with, because you'll be working closely together soon!
There are a lot of lenders out there, and finding the best one for you can be tough. Luckily, there are resources out there to help you find the one that fits your needs.
While your credit doesn't have to be perfect, it does need to be free of any outdated information that creditors have failed to update.
Mortgage pre-approval is an important part of the process; some sellers won't accept an offer that isn't pre-approved.
Have you considered all of the things you might be looking for in your new house? There are so many possibilities -- make sure you're considering all of the options by creating a wish list.
Does your dream home exist? The listings will tell you if it's out there, if it's for sale, and if it's affordable.
You've found your house! Next, you'll make an offer. But wait... these resources have a few tips for you before you do.
Don't get too excited -- you have to make it through the final mortgage approval process. If you have your paperwork in order, it shouldn't be too hard. (It's still nerve-wracking, though.)
Success! You've made it through the gauntlet and signed all of the papers at closing, and you finally have the keys to your new home. Congratulations! What's next?