Purchasing a property is most likely the biggest financial decision you will ever make. Whether this is your first purchase or you are an experienced buyer, this decision must be made carefully. TEAM COUCH is your best choice for buyer representation. We can help you determine what your dream home should entail and how it should function for you and your family.
We’ve come up with 6 steps to buying a new home! Here they are!
Get Pre-Approved For A Home Loan
Before you start shopping for your property, it is a good idea to talk with a lender and get approved for a mortgage. A Mortgage lender will help you navigate through all available options and find the best loan program based on your needs. Once you are pre-approved, your lender will tell you how much house you can afford. This will allow you to look at homes in your price range.
Choose The Right Real Estate Agent To Work With
Buying a property requires making many important financial decisions, understanding complex issues and completing a lot of paperwork. It helps to have an expert helping guide you through the process. We here at Team Couch know North Mississippi real estate because this is our home too. We have been the #1 real estate team in the Northwest Mississippi area since 2009. Learn how we can help you!
Begin Your House Search
Now that you know what you can spend on a home and you’ve found the right agent to help you through the process, it is time to start shopping. Take a drive, find neighborhoods that you like. Use our website to find homes in your price range.
Put In A Contract On Your New Home
To determine a fair price for a home your agent will prepare a comparative market analysis and then create a negotiating strategy to purchase the home at the best possible price for you. However, ultimately, you are the one who makes the decision on what to offer. Always remember that it takes a motivated seller and a willing buyer to complete the transaction.
Inspection Process
Once your offer is accepted by the seller, you will need to have a licensed property inspector inspect the property within the timeframe that was agreed upon in the effective contract to purchase. A home inspection typically includes an examination of heating and central air conditioning systems, interior plumbing, electrical systems, the roof, the attic, visible insulation, walls, ceilings, floors, windows, foundations and basements. Home inspectors represent the buyer and are paid by the buyer. The inspection helps ensure home buyers of the quality of their investment by making them aware of its current condition and alerting them to any major defects that could cost them down the road.
Closing Agent
Either a title company or an attorney will be selected as a closing agent. The closing agent will research the complete recorded history of the property to ensure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title. Some properties are subject to restrictions which limit various activities such as building or parking restrictions. There may be recorded easements and encroachments, which limit the rights to use your property.
Contact Team Couch today to learn more about buying your new home!