STEPS TO BUYING A HOME

STEP 1 CONTACT A LOAN OFFICER   Before you look for homes it is a good idea to contact a loan officer. This way they will be able to tell you what price you are pre-approved for. They will also be able to inform you how much your payment will be as well as what rates are currently. Loan officers can also give you an estimate of what your closing costs will be as well as how much money you need to bring in as a down payment.

STEP 2 LOOK FOR HOMES    Now that you know how much you can spend on a home it is time to get looking. There are many ways and outlets on how to do this. One of the best ways is to choose a real estate agent. Agents have a vast knowledge on the current market and will have great expertise to help you along the way. Agents can email you listings in certain cities such as Murray and West Jordan so you can see the property before you go look at it. Once you find a few properties to see it is time to look. Having an agent is nice because they have keys and access to all of the properties. They can set up appointments and then take you to see the properties. The best part about using an agent when buying a home is that you don't have to pay them. The sellers have already agreed on a commission to pay them!!!

STEP 3 PUT IN AN OFFER     When you have found a property you are interested in it is time to make an offer!!! This is the time when negotiating begins. Hopefully the buyer and seller can come quickly to a price that works for both of them.

STEP 4 ORDER A HOME INSPECTOR     Once your offer is accepted by the seller it is time to make sure that the property is in a condition that you are comfortable with. Although it isn't required it is a good idea to have a professional home inspector inspect the property. This will usually run about $225 depending on the size of the property. Another good idea would be to order a 1 year home warranty. Most likely the seller will pay for this and it usually runs around $320 depending on the size of the home. That way if something breaks it will most likely be covered by the home warranty.

STEP 5 ORDER AN APPRAISAL    Unless you are paying cash for a home you will be required to order an appraisal. An appraisal will run you about $400 and most likely can be rolled into your closing costs. The appraisal will tell you what the current market value of your home is.

STEP 6 CLOSE ON YOUR HOME      Once the time comes you will go to the title company of your choice and sign the documents on your home. While you are driving around you will notice there are many title companies out there.  It is true that you will be signing your name a ton, but I would expect it to take 30 to 45 minutes. Once all the paperwork is signed it usually takes about 24 hours to have it official and recorded with the county.

STEP 7 MOVE IN!!!    Once it is offical you will be given the keys to your knew home. Now it is your time to move in and make it your own!!!!