10 Steps:
1) Define Needs
2) Pre-Qualify
3) Local Info
4) Home Search
5) Make Offer
6) Negotiate
7) Vendors
8)
Pre-Close
9) Close
10) Post-Close
| 1. Define Your Needs For Your New Home
Congratulations
on your decision to purchase a new home! Your first step toward buying your new
home will be to analyze your needs. Your real estate agent can assist in analyzing
your needs so that you will be able to get a clear picture of exactly what you
want your new home to look like and how it should function for you and your family.
First, you should write down why you are looking for a new home. For example,
are you currently renting and would like to have a home where you can begin building
equity? Maybe you recently married and have outgrown your current residence. Or,
maybe you have just gotten a promotion, which requires you to move to a new city.
These factors will all have a bearing on how you approach your home search. Second,
establish a time frame that you would like to stay within for buying your home.
Depending on your reasons for wanting a new home and the current state of the
market in the area you are looking to buy, you should be able to come up with
a rough guideline, which you can finalize at a later time. Last, you most
likely have a mental picture of what you would like your house to look like and
what features it should have. It's very important to write these ideas down to
avoid any ambiguity later in your home search. You should make at least two lists:
one should be a list describing your dream home and the other should list the
features of the home that are an absolute must have in order to buy it. In a perfect
world, your new home would fulfill both lists 100 percent. It is more likely that
you will end up blending the two lists into a schedule of prioritized items as
you progress through the buying process. This is a natural and evolutionary process
as you get clearer about what you want and what is available.
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