The home buying process can be stressful and confusing. At Proctor & Greene Real Estate, we will walk you through the most important steps of the home buying process so you can enjoy your new home stress-free. Contact us today for more information.
BUYING THE RIGHT HOME
Start by creating a prioritized list of features you want in your next home and the reasons why. Use it as your search guide and keep in mind that depending on your price range, you may need to make some compromises. Start browsing properties in areas that appeal to you. Look for open houses that meet your criteria. In addition, talk to your real estate professional about where you want to live as they should know the area better than anyone else.
DETERMINE YOUR PRICE RANGE
Determining the right price is the most important part of the home buying process. There are a lot of factors that go into determining a home’s current market value, such as the sale price of nearby homes that have recently sold, the listing price of similar homes that are currently on the market, the condition and location of a home, and market factors such as low inventory. At Proctor & Greene Real Estate, we can walk you through what to expect at each price range.
INSPECTION & INSURANCE
Once you have made an offer on a home, you will need to schedule a home inspection, conducted by an independent authorized inspector. It is very important to hire a reputable inspector so that you know exactly what you are buying. Ask friends, family, and co-workers for advice if desired. We can also help connect you with Milford and Southern New Hampshire professionals. When you are satisfied with the results of the inspection, then you can proceed to the Purchase and Sales agreement. If the inspector finds problems with the property, you may want to negotiate with the seller to lower the price, or to pay for certain repairs. Your lender may require you to get an appraisal of the house you want to buy to make sure it is worth the money that you are borrowing. You may ask our team at Proctor & Greene Real Estate to help you with this task. Lenders require that you have homeowners insurance, to protect both your interests and theirs. Like everything else, be sure to shop around for insurance that fits your needs.
At closing, paperwork is signed by both the buyer and seller, both parties pay any settlement fees, and the documents are officially recorded. Prior to closing, you'll receive a settlement statement outlining any fees that apply to you. Expect your real estate agent and attorney to accompany you to the closing.