1. Preliminary Decisions
You may know the type of house you want and the neighborhood in which you want to live. You may think of it as your dream home! In order to find that dream home (or one close to it) you need to create a list of “Must Haves” and “Absolutely Nots” before even beginning to look at homes on the market. Working with these lists will help you and your Realtor focus on the appropriate houses to tour.
2. Engage with a Realtor
Speaking of your Realtor, your next step is to engage with an experienced and knowledgeable agent to guide you through the complex issues involved in buying and selling real estate. Laura Van Meter has more than 11 years of experience working with hundreds of clients. She knows the Arlington and surrounding communities like the back of her hand, and she will provide expert guidance in dealing with the maze of forms and legalities encountered in real estate transactions.
3. Get Mortgage Preapproval
Meeting with a mortgage loan officer for preapproval before you even begin your home search is a necessity in today’s market. With your loan preapproval in hand, you’ll be prepared to make an offer when you find a home you love and help to insure your offer is accepted by the seller.
4. Find Your Dream Home
With so many homes on the market, where do you start? It can be a daunting task, but this is where your agent’s knowledge of the market comes into play. Keeping in mind your Must Have list, Laura will streamline your search and only show you homes that meet your priorities and your budget. She’ll show you homes in neighborhoods you like and in desirable school districts.
5. Submit an Offer… and Get It Accepted!
Once you’ve found the home you want, Laura will prepare an offer to purchase according to your wishes. Most importantly, she will ensure that the terms protect you AND increase your chances of getting your offer accepted. Once again, Laura’s experience will guide you through the negotiation stage of the contract, until both parties are in agreement and the seller accepts your offer.
With an accepted offer, your agent will work hand-in-hand with the title company selected to close your real estate transaction. Inspections will be scheduled, title work will begin, and you will move on toward. . .
6. The Closing!
This is where it all comes together! When inspections have been completed, your loan application will go through the underwriting process. The closing is scheduled upon underwriting approval and when all escrow requirements have been met. At the closing, property ownership is transferred from the seller to the buyer (that’s you!) and a final distribution of funds is made. That new home is now yours and you can celebrate a successful transaction!