Are you preparing to buy your first home? If you are planning to buy a home within the next year or so, it is a good idea to make sure you have a good credit score and some money in your savings account.
Search for Your Home
You can use home search sites like Zillow to help find a home, and you may choose to hire a Realtor to represent you. An agent will typically get paid by the seller so you won’t have to pay them.
Once you find your dream home, have an inspection to check for damage. Before you close on the property, it is time to hire a real estate appraiser Dallas TX to make sure you don’t pay more than the home is worth.
Choose Your Lender
Finding the right lender can be just as important as finding the right home. Different lenders will offer different rates. If you have a good credit score, you may qualify for any number of different loans.
If you don’t have much money saved up for a down payment, shop around for a loan that requires little to no down payment. First time home buyers often qualify for loans with a down payment as low as 3%, but there are other loans like VA or USDA that provide a loan with no down payment.
Show Up at Closing
Your agent will most likely be with you at closing, but it is not required. You will be signing the loan documents and all the forms involved in the purchase.
After you close on your home you may have to wait a few days for all the paperwork to be processed. Once everything is completed, the seller will receive the check and you will get to move in and celebrate being a homeowner.