The Real Estate Buying Process

Jamie Carmouche October 22, 2014

The Real Estate Buying Process
The Real Estate Buying Process – Boise Real Estate

Buying a home can be an exciting time. There are many steps when you are purchasing real estate, and sometimes it can be hard to keep the stress to a minimum. The general steps involved in buying a house are outlined below to give you a little better idea of the process.

Figuring Out Your Budget and Getting Approved for a Mortgage

It is important to determine how much you are comfortable spending and what house will fit your budget. Not only do you want to know how much mortgage you qualify for, but determining your budget will also help you narrow your home search.

What Do You Need And Want In Your New Home?

Making a list of your “must haves” is a great way to figure out your home search criteria. The number of bedrooms, bathrooms, garages, the location of the home, school district, neighborhood, as well as things such as the age of the home, granite countertops, type of floors, etc. are all things to consider. You may find that after looking at homes with your real estate agent that this criteria changes, which is completely normal.

Reviewing The List of Homes From Your Agent

After getting your new home criteria, your agent should be able to provide you with some properties that fit your criteria. If you are like most people who are thinking about buying a home, you likely have already started your property search online so looking at a list of houses online probably isn’t a new thing. When you get your agent’s list, there will probably be a few that you can pull  that you will want to see in person. Some people find their new home early in the search and some look for a long time. There is no right or wrong amount of houses to view.  Although it can be frustrating, patience can go a long way when searching for a home.

You Found The One.  Now What?

Once you have found your perfect house, your agent will write up an offer.  In that offer, we ask for any special conditions that you may require (such as a contingency or additional items you may want in the deal). Each real estate transaction is different, so we will discuss the offer to make sure that everything is in the offer that you may want and need.

It is likely that the seller of the home will “counter” the offer, meaning they reply with what they want in the deal. This can be a stressful time for many buyers because they REALLY want the house. Negotiating the deal to get the best deal for you is my job, and one I take very seriously. While I want to see you get your perfect home, I also want to see you get a great deal.

Negotiations Are Finished.  When Can We Move?

Once the negotiation of the deal is done, there are a few things to wrap up (such as a home inspection or repairs) before signing documents. After closing, funding of the loan and recording of the documents, you are free to move in and enjoy your new home!

It is important to have an agent who is experienced so that the entire process flows smoothly from start to finish. My job as a real estate agent is to take as much stress out of the transaction as possible. If I can help you with buying a new home feel free to give me a call (208.890.1052) or email me at jamiecarmouche@gmail.com. I am always here to help.

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