Six Steps to Closing

Six Steps to Closing

Check Credit

The first thing that you’ll want to do when you’re ready to make the investment in a new home is to check your credit.  Knowing your credit score will help you evaluate exactly how much home you can qualify for.    Rather than blindly looking at all different types of houses across different price rnges, you’ll be able to focus on exactly which homes a bank will actually give you a mortgage for.

Get Approved

When you find that perfect home and you’re ready to present an offer, having preapproval on your mortgage will make a huge difference in getting that offer accepted by a seller.  Remember, a seller could potentially get several offers at the same time from their agent.  Anything you can do to make your offer stand out will help your case.  In fact, you may be able offer a less than perfect price to the seller and have it accepted, but only if you’re preapproved.

Get a Buyer’s Agent

if you don’t already have one, now is the time to get a buyer’s agent.  In most transactions, a buyer’s agent is no cost to you.  by having a formal relationship with a real estate agent who is working solely for you, you’ll have a better chance of negotiating the right price and terms for the home you are looking for.  And buyers agent will also walk you through the entire home buying process.  Because the seller pays for the buyer’s agent, it is really important that you take this step to ensure as much of a  stress-free transaction as possible.

Narrow Focus

So you know your credit, you’ve been preapproved for a mortgage, and you have a buyer’s agent.  Now you need to narrow down exactly what features are important to you in your future home.  If you are married, you and your spouse should independently create a list of things that each of you want in your future home, and provide this list to your buyer’s agent.  A good buyer’s agent will know what is available on the market and will be able to begin showing you homes.

Research The Neighborhood

On this website, we try to provide some objective information on many neighborhoods in the Greenville area.  Once you have found some homes that you think you like, your next step will be to research the neighborhoods that these homes are located in.  If you are or will be affected by the schools that service your neighborhood, it would not be a bad idea to call the county and find out which schools serve the neighborhoods you are interested in.  The lines that are drawn to determine which schools will serve a particular neighborhood may change from time to time. By calling the school district you are more likely to find out about any future changes that may affect your potential neighborhood.

It may not be a bad idea to measure the commute time from your potential future neighborhood to your place of work at various times of the day.  The bottom line is that researching your future neighborhood is a great idea before buying a home.  once you have an idea of how things work in the neighborhoods you are interested in, the next double beat to visit the homes that you are interested in them and see how they feel to you.

Visit Some Homes

Working with your buyer’s agent, you’ll be able to visit any home that is listed in the MLS.  In all of the previous steps, the point was to narrow down your specific needs so that when it is time to start visiting homes, you have a very good idea of what you are looking for and what you are looking at.

A good buyer’s agent will counsel you, but when it’s time to actually look at the inside of the house, will fade into the walls and let you be objective. We kniw buyers willl be paying attention to the additions and sunrooms which are great places to install ductless air conditioners because you don’t have to resize and rebalance your central ac unit, plus you don’t have to have a contractor install ductwork.

if you would like to learn more about the home buying process, please contact our office and give us the opportunity to help you realize your dreams.

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Palmetto Park Realty
330 E. Coffee Street
Greenville, SC 29601
Listings provided courtesy of the Greater Greenville Association of REALTORS®, Copyright 2013.

The listing information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.