Welcome to the Home-Buying Experience! 

One of the worst mistakes you can make in buying a home is to start the process
without first deciding what you need and want in a house and what you can afford.
Once you get started, hire a Realtor you will enjoy working with who will represent
you and look after your best interest.  You will sign an “Exclusive Buyer’s Brokerage
Agreement” which is mandatory in many states in order for your Real Estate Agent
to represent you.  Making offers, etc., it can be difficult to put the brakes on and
spend time thinking about what kind of home is right for you.  While it is perfectly
o.k.  to “window shop” to get ideas about what you might like in home, don’t start
the real shopping until you’ve taken the time to know yourself and set some goals
for your home buying journey.

Custom and laws vary from state to state and even within states.  However, these
are the basic steps you will take on the road to owning your own home.  Here are
some tips that will guide you through your home buying process and help you to
learn       “What to do before you buy your home“!

__  Choose a real estate agent. (Sign Exclusive Buyer’s Brokerage Agreement)
__  Choose a lender. (Ask important questions and compare several lender’s
       closing costs)
__  Learn the terms used in buying a home, condominium or a co-op.
__  Get pre-qualified, or even better, get preapproved for a loan, this will make it easier
       for you when making the offer because you can show the seller you are ready,
       willing and able.
__  Decide on the type of home you want. (Know what price range is best for you).
__  Decide on the features you want in your home. Share all that with your agent.
__  Start house hunting! Use a Home & Property Evaluation Form on our website
       to jog your memory about properties you have seen. You may want to also
       take photos.
__  When you find a home you want and can afford, negotiate price, terms,
       personal items that will remain, ask for a homeowner’s one year
       warranty, make sure you have property contingencies,
       ( i.e. Appraisal, Loan, Inspection, etc.!)
__  Make an offer in writing. Have  your earnest money ready to put down.
__  Find an attorney and a tax accountant if you feel you need them.
__  Choose the best mortgage for you – have your lender prepare
       “Good Faith Estimate for you”.
__  Make sure to get the home inspected by qualified inspector.  Attend
       your home inspection. Feel free to learn all about your new home.
__  Shop for homeowner’s insurance from your insurance agent & get quotes.
__  Obtain approval from homeowner’s association, condominium association
       or co-op.
__  Contact utility companies to change all utilities into your own name as
       of the date of closing.
__  Shop for moving company rates and schedule your movers.
__  Prepare for closing. (You will need certified check or funds wired over
       for your down-payment, you will need to bring picture i.d. to closing
       and your first year’s insurance policy.
__  Make sure you purchase title insurance to protect your title and
       your equity.
__  Review closing document with your agent before going to the closing.
__  Attend closing at the attorney’s office or escrow company to sign
       final documents.
__  Pick up keys at or after closing & start moving. 

ENJOY your new home!  It is a great investment, a privilege of ownership
and should be an asset that if you take care of it will prove to be
an excellent investment.

For more information e-mail us at dagmar@WorldClassRealEstateBroker.com
www.WorldClassRealEstateBroker.com

The above information deemed to be correct, subject to changes, errors & omissions. 
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