Buying A Home – Advice For Buyers
BUYING YOUR FIRST HOME
So you’re thinking about becoming a homeowner! The prospect of owning your own home is an exciting one. The purchasing process has its twists and turns but Atkinson Realty is here to help guide you through your home search and purchase.
As you begin your journey to home ownership it is important to become educated about the home buying process. Keeping an open mind is key as you explore homes and neighborhoods because often as the process evolves, you may choose to alter your preferences and requirements. Designed to walk you through home purchasing, this first-time homebuyer’s guide breaks the process down into three stages: pre-purchase planning, home shopping and closing on your home. You may obtain more information by contacting an Atkinson Realty agent your resource to the Hampton Roads area.
PREPARING YOUR PAPERWORK
Having your finances in order is the first step to buying a home. To help you begin, here are some fundamental financial actions to take when preparing to buy your first home.
In advance, gather the financial documents you will need to secure a mortgage. This includes pay stubs; automobile and school loans; credit card records; financial statements from brokerages, banks and retirement accounts; and income tax returns. An Atkinson Realty agent can get you started in the right direction, so you will have a solid pre-approval status for a mortgage.
FIND A GREAT BUYER’S REAL ESTATE AGENT
A buyer’s agent’s job and fiduciary responsibility (meaning legal duty) is to you, the buyer. They are there to help you in the shopping and home buying process, but their real job begins when you’re ready to make an offer on a home. Their sole job is to protect your interest by getting you the best terms they can for the home you desire.
Before hiring a buyer’s agent, interview agents and evaluate rapport, establish if they are a buyer’s agent or a seller’s agent, ask for referrals, inquire about Realtor® status and other specialized certifications.
Through every step of the home buying process, you can trust your Atkinson Realty buyer’s agent for advice, information and overall guidance. Our agents don’t just sell homes, they foster life long relationships with their clients.
SHOPPING FOR THAT PERFECT HOUSE
Working with your Atkinson Realty agent, your home search becomes more guided and dynamic. Our agents save you time by focusing your search on the homes that fit your lifestyle and your budget. Along with comparative statistics, they will take the time to preview homes and research open houses, so you have the big picture. With their real estate knowledge of the local neighborhoods, they can share insight into the home buying process, negotiating, getting to the closing table and even moving day itself.
MAKING A PURCHASE OFFER
Your Atkinson Realty agent will assist you in completing a competitive purchase offer and advise you through negotiations. However, solid consumer knowledge is advantageous for any first time homebuyer.
The purchase offer includes the proposed price, a list of what is to be included in the sale like appliances and fixtures, and contingencies or terms the sale is dependent on , such as a satisfactory home inspection, secured financing, sale of buyer’s current home, seller concessions including assistance with closing costs, and a proposed closing date. Upon submitting your offer, the seller will review it and will accept, reject or make a counter offer. In some cases, this can go on for some time, but once the all the terms are agreed to and signed, the offer becomes a binding contract. That contract contains pages or legal language that directs and guides the transaction. Having an Atkinson Realty agent to guide you through the transaction of buying a home is invaluable.