Purchasing a home, especially if for the first time, can sometimes be an intimidating task! Here is a brief rundown of some of the main steps in the home buying process.

  1. Loan-Pre-Qualification

This is the first and one of the most important steps in purchasing a home. Contacting a lender to get pre-qualified will help you to understand a number of things including what price range of home you should be searching in and what your monthly payments will look like when it’s time to start paying for your newly purchased home. Finding a lender that is knowledgeable and reputable is important to make sure your transaction goes smoothly. If you need recommendations on lenders, reach out and I can definitely give some suggestions on some great ones here in San Antonio!

  1. Property Search

The next step will be to decide on what kinds of features are important to you in a home. It’s important to think about things like square footage, number of beds & baths, location, commute, school district etc. Deciding what features are important to you will help to narrow down the number of properties you will consider when you make your decision. While searching online can be a good way to get a general idea of what’s out there, the very best way to have the most accurate data about currently available listings is to sign up for property alerts. This system will notify you by email when properties that meet your requirements come up NEW on the market, ensuring you don’t miss out on an amazing property!

  1. Writing an Offer

After you find a home you love I will do some research on the recent sales in the area and we will work together to formulate and negotiate an offer you are comfortable with. Similar homes that have sold in the area within the last 6 months or so will give me a good idea what the property you’re interested in is worth and I can use this information in addition to the property condition to put an offer together.

  1. Your Offer is Accepted!

After the negotiations are complete and all the paperwork has been signed by all parties you will officially be under contract. During this time a number of things will take place including the following:

  • Earnest money goes to the title company
  • Inspections occur
  • The loan gets processed
  • Title commitment gets ordered
  • Appraisal
  • Buyer acquires homeowner’s insurance
  • Final walk-through of property
  1. Closing

This is the final step to the home buying process. Once the above pieces fall into place we will schedule a time to meet at the title company to close on your property. The title company will send you over a final closing disclosure to give a breakdown of credits and expenses for both the buyer and seller. After both parties sign and once the property funds, you will get your keys and be able to move into your new home!