The Home Buying Process


The Home Buying Process

If you’re like most people, buying a home represents your single biggest investment and debt. As such, the home buying process can be one of the most exciting, but sometimes also stressful, experiences you ever go through. This may be true whether you’ve bought many homes or you’re looking to buy your first, whether you’re in the market for a new primary residence, an investment property or that perfect vacation getaway. Moreover, never has the real estate market offered more great opportunities, or been fraught with more risks, than now.

There are many factors to consider and many decisions to make. That’s why, when buying, it’s crucial for you to have all the available resources necessary to make a well-informed decision. We are here to provide you with expert consultation at each step of the buying process.


Is it a Good time to buy?

Buying your first home is a major step. There’s a lot you need to know to make the right decisions – and also to avoid making the wrong ones. And that’s particularly true in this current buyers’ market, when there are so many homes available and sellers have such diverse motivations.

The good news is that if you know what you’re doing and you’re working with our team, this market offers fantastic opportunities to get a great home at a great price.


Owning versus Renting

Without question, owning a home comes with responsibilities and risks that you don’t have to worry about when you rent, such as a mortgage, taxes, homeowner’s insurance, maintenance and repairs, to name a few.



Negotiating the transaction is usually the most complex aspect of buying a home. At the same time, it’s the one that can involve the most creativity. We pride ourselves with being up-to-the-minute on mortgage trends in an effort to serve you better. That said, what follows are a few strategies for negotiating a good deal in a buyer’s market like this one, all of which involve: presenting yourself as a serious buyer while, at the same time, keeping your emotions in check; trying to understand and respect the priorities of the seller; being creative and, where necessary, willing to compromise to get the deal done.


Closing the deal! What’s next?

You’ve looked at properties, made an offer, obtained financing and gone to closing. The home is yours. Is there any more to the home buying process? Whether you’re a first-time buyer or a repeat buyer, there are several more steps you’ll want to take.

Those papers you received at settlement are extremely valuable, so hold on to them! In the short-term they can help establish tax deductions for the year in which the property was purchased. In the future, such papers will be important for taxes.

Also at closing, determine the status of the utilities required by the home, items such as water, sewage, gas, electric and oil service. You want utility bills to be paid in full by owners as of closing and you also want services transferred to your name for billing.

About two weeks after closing, contact your local property records office and confirm that your deed has been officially recorded.Your home, your money. For most owners a home is the largest single asset they hold, so it makes sense to protect that asset. Many owners make a photo or video record of the home and their possessions for insurance purposes and then keep the records in a safety deposit box. You want to maintain fire, theft and liability insurance.

Lastly, enjoy your home! Owning real estate involves contracts, loans, and taxes, but ultimately what’s most important is that home ownership is a wonderful experience.