Boca Mortgage Blog

9 Steps to Home Ownership

July 9th, 2015 2:56 PM by Leonard Silvestri

Buying a home is an exciting process. Whether you're a first-time buyer or seasoned vet, buying a home can flow smoothly with the right guidance. We've developed a simple 9 step process that will have you in your new home in no time.

1. Make the Decision

With the many rewards of home ownership, more and more families are opting to buy. From building upon a sound investment to simply being able to paint your walls any color, the benefits of ownership are worth their weight in gold.

2. Choose Professional Guidance

Despite your level of experience, hiring a real estate professional to guide you through the home owning process will expedite it insurmountably. A real estate professional will find the right home to meet both today's needs and those planned for the future.

3. Prepare for the Hunt

When prepping for the house hunt, it's crucial to obtain a notice of loan approval, known as a NOLA. A NOLA is much more substantial than a pre-approval letter as it approved by an underwriter and allows for more leverage in negotiation.

4. Know the Market

Real estate professionals have neighborhood expertise. They know the local schools and economy to guide you toward the right locations that suit your goals.

5. Find Your Dream House

It's time to find your dream house. Once your ideal locales have been identified, your realtor will guide you through a series of homes. Your wish list will be identified and tailored as your tour homes until you find "the one."

6. The Negotiation

The negotiation process is typically the most intimidating part for buyers, but with the right expertise it can be managed hassle-free. Your realtor will manage and track the necessary items such as contracts, addendums and inspections to protect your interest and get you your dream home.

7. Complete the Loan Process

Completing the loan process should be painless and will flow smoothly with proper guidance.

8. Close the Deal

During the closing process, your real estate professional will make sure all documents are in order for closing.

9. Move In!

Call the movers cause you're moving into your new dream home!

Posted in:General and tagged: home mortgagehome buying
Posted by Leonard Silvestri on July 9th, 2015 2:56 PM

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