Guide for First-Time Home Buyers

Photo by Avi Waxman

Photo by Avi Waxman

I’ve decided to buy — now what? Reasons to buy a house are different for everybody but the process to close is relatively the same for all. Certain steps may not be present in some deals — a cash buyer can sidestep things a buyer with a loan cannot — and the completion of the purchase could fluctuate between thirty to forty days. But in the best interest of the buyer, the road to ownership presents many opportunities to get the best deal. The chart below is a visual representation of the buying process, and breaks down the steps the buyer can expect during the window before closing.

The buyers’ best guide is their real estate agent, so it’s important to be transparent every step of the way and have a clear set of goals.

If you have any questions pertaining to this topic or any other regarding real estate, please reach out to me. I’ll be happy to further discuss your goals and what are the best steps forward.

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Understanding Closing Costs

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Buyer Step # 1: Financing