Whether your dream home is new construction or an existing home, you will want to know what to look for as you begin your home search. Decide which features are important to you and create a checklist to serve as your roadmap for buying a home. Your Coldwell Banker Residential Brokerage independent sales associate will help you with the process of buying a home while representing your best interests throughout the purchase process.
Review the list below and find out how your sales associate will help you conduct a home search, negotiate and close on a new home:
- Show you how to get pre-approved for a mortgage, look into credit report, FICO score, type of mortgage, shop for best rates and programs.
- Determine your wants and needs: style of home, size, price, location.
- Check out the neighborhoods, schools, crime rate, traffic, zoning and work commutes.
- Help you research and evaluate each property of interest.
- Prepare your offer and apply his/her negotiating skills during the buying process.
- Prepare a property value study. Ask the seller if there are any other offers and ascertain his motivation for selling, deadlines, etc.
- Hire a certified inspector to conduct a home inspection and any other specific inspections. To prevent surprises and disappointments after you move into your new home, use the inspection period written into your contract to the fullest advantage by hiring a home inspector to thoroughly examine the home you want to buy.
- Explain the final negotiating factors that may benefit you in the purchase of the home.
- Use the inspection report to renegotiate, if necessary
- Schedule a walk-through of the property before the actual closing (usually an hour or two before). Together, you will re-examine the home to (1) see that requested repairs have been made, (2) to determine if there are any changes or new damage since the home inspection, and (3) see that all of the sellers, belongings have been removed from the premises as agreed. Once your walk-through has been completed, you can sit at the closing table with less worry, knowing your home is ready and waiting for you.
You many find that you need to add some steps, based on your special situation, to create a customized home buying checklist for yourself. However, this should serve as a helpful guide as you start on the road to purchasing your dream home.