- Familiarize yourself with the mortgage process.
- Begin the application process by getting prequalified and preapproved from a mortgage lender. Do this first. I will need your mortgage qualification, and it will significantly strengthen your offer when you find a home.
- Get your financial picture in focus as soon as possible. Since it is an important component, be aware of your credit situation. You are allowed a free copy of your credit report . The best time to work on your budget is before you move.
- It is important to find an Realtor® that you trust and find competent, before you go rushing off looking for homes or you may end up with no representation. You can compare backgrounds, experience and more.
- Determine your housing needs and wants to determine what types of houses you should be considering.
- Familiarize yourself with the various types of housing available: Single family homes, townhouses, and condominiums.
- Familiarize yourself with how to set a value on a house. This can save you a great deal of time and helps to avoid disappointment.
- When you find an acceptable house, write an offer.
- Negotiate your best deal using the information you have acquired.
- If you haven't already done so, apply for a mortgage loan.
- Arrange for home inspection. Protect yourself and do not skip this step!
- Learn about home warranties and what they cover.
- Compare and secure homeowners insurance. Since homeowners insurance is a long term expense, getting the best deal here brings savings that continue.
- Arrange for closing agent or attorney. Make all final preparations for closing.
- Make moving plans. If you plan to use a moving company, make comparisons and reserve time now.
- Secure final loan approval and commitment from the lending institution. If you have done your "up-front" work, this should be one of your easiest steps.
- Do a final walk through of the house.
- Final closing and settlement.
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 Fran MacDonald, Associate Broker, REALTOR® Partners Realty Group 66 Prospect Street | Manchester, NH 03104 |
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Direct Line 603-606-4400 x29
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Fax 603-606-4401
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Cell 603-785-2374
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