Home Buying Checklist: The Process of Buying Your New Home
Every home buyer is different. Whether you’re looking for a house where your child will take their first steps, or your children and grandchildren will gather during the holidays or just a place to relax and call your own, our Connecticut real estate agency has the tools, knowledge and experience to get you in the home that fits your needs.
CB Realty 2000 would like to share some information that may be useful for you when buying a Connecticut home. We'll start with an important first step to consider in the home buying process. Once you've made the decision to buy a home, it's time to start thinking about what comes next. Every buyer needs a checklist that will guide them through the process of searching for the perfect home, evaluating their choices and making a purchase.
Learn the Lingo
When you set out to buy a home, you will need to familiarize yourself with various real estate terms, conduct research on the market value of homes in the area in which you intend to shop and learn the art of making an offer. This information will help as you browse homes and get further into the home buying process.
Get a Free Credit Report
Every 12 months, you are entitled to request a free copy of your credit report from each of the three major credit reporting agencies - Equifax, TransUnion and Experian. You should make this request before you begin looking at homes in order to allow yourself enough time to identify and dispute any inaccuracies in your credit file(s). When you approach a lender, you will need to make sure that everything is correct and up-to-date.
Get Pre-qualified & Pre-approved
Getting pre-qualified and pre-approved arms you with critical knowledge ahead of time helping you avoid unnecessary pitfalls. This process will help you narrow your search to include only homes that are within your predetermined price range. Knowing what you want to pay beforehand will save you both time and disappointment in looking at homes that do not fit your budget. Finally, it can help avoid delays in closing, put you at an advantage during the bidding process and could be the difference between getting in your dream home, or someone else living there.
Make an Offer
As the buyer, you will have the best chance of having your offer accepted if you research the price of other comparable homes in the area first. Having the right information is a competitive advantage and gathering and analyzing this information is something Iour agents can do for you. Evaluating what has sold, what hasn’t and what is still on the market is the starting point for this process.
Before you buy a home, one of the things you should strongly consider is to have the home checked out by a professional home inspector. This will allow you to identify any significant defects allowing you to add contingencies to the offer or even back out of your offer, free of penalty, within a certain timeframe.
This is the meeting where the transaction is finalized. Our agents will guide you through all closing procedures, including paperwork and other activities being performed by outside parties to help make your home officially yours.
Why Buyers choose US!
In addition to helping you find the ideal home, we skillfully guide you through the financing process. And once you find that home, we aggressively negotiate the best price for you. We also lead you through the home inspection and other complex steps of the buying process.
Finally, when you select our team, you are choosing a Coldwell Banker firm. Coldwell Banker is the nation's oldest real estate organization and the company’s experience has helped make the dream of homeownership a reality for millions of families. Ready to start searching for your next Connecticut home? Begin your search here. To consult with a local agent, don't hesitate to contact us.
You can learn more about the Coldwell Banker advantage when you read the Coldwell Banker Buyer Guarantee.