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THE HOME BUYING PROCESS
Buying a home is a big step. There are many things to consider. The links below will help guide you through the process and provide the tools you’ll need to make good decisions.
6 Easy Steps to Home Buying:
- Get prepared
- Find and purchase a home
- Hire a Home Inspector
- Secure your financing
- Close the deal
- Move into your home
Step 1: Get Prepared
What you need to know:
The first step in buying a house is determining how much you can afford. The best way to do this is to get pre-qualified. Pre-qualifying will help you narrow your search to houses you can afford and will give you more negotiating power with the seller.
What you need to do:
Gather documentation about your finances
Information & documentation checklist
Contact a Learned Mortgage loan consultant for a FREE pre-qualification
Loan Consultants
Step 2: Find and purchase your home
What you need to know:
Before you begin looking at houses, it’s a good idea to find a licensed real estate agent to assist in your search. All agents at Learned Realty are state licensed and belong to national and local real estate association. A Learned Realty agent will help you find the right neighborhood and house and coordinate discussions with the owner when you’re ready to buy.
What you need to do:
Contact a Learned Realty agent.
Download our Buyer's Prospect Checklist to keep track of the features and prices of the houses you visit. Buyer's Prospect Checklist
Ask your real estate agent to prepare a comparative market analysis of a home you like.
When making an offer to a seller, take into account the market value of the home, the condition of the home and the seller’s circumstances.
Step 3: Hire a Home Inspector
What you need to know:
The third step in buying a house is making sure that your new home is structurally sound. There are a lot of defects, that the ordinary home buyer and the trained agent may not detect. A good home inspector is invaluable in detecting hidden issues.
What you need to do:
Hire a qualified home inspector.
Home Inspector
Step 4: Secure your financing
What you need to know:
After you find the right house, it’s time to secure financing. This step will be much easier and faster if you’ve pre-qualified.
There are different types of mortgage loan programs, so it’s important that you research the options thoroughly and seek assistance from the Learned Mortgage Group loan consultant when necessary. You’ll also need to collect personal financial documents to submit along with your application.
What you need to do:
Gather your financial documentation
Information & documentation checklist
Submit an application to Learned Mortgage Group
Apply
Contact a Learned Mortgage Group loan consultant today
Loan Consultants
Step 5: Closing
What you need to know:
You’ve applied. Now what? Simply put, the Learned Group takes over. We evaluate your financial situation and order an appraisal on the property. Once the loan is approved, we’ll send you a Commitment Letter that outlines the terms and conditions of the loan, and we'll prepare documents for closing.
What you need to do:
Purchase homeowners’ insurance (Your Loan Consultant can assist in suggesting some trusted insurance agents).
Sign and return the Commitment Letter
Attend the closing and sign all of the necessary documents
Step 6: Moving
What you need to know:
Congratulations, you’re a homeowner. Moving into a new home brings many responsibilities, including paying all the bills and maintaining the condition of your home.
What you need to do:
Prepare a budget so that you can make your monthly mortgage, utility and insurance payments on time
Make your home more energy efficient to save money on utilities
Perform routine maintenance in your home
If you are still unfamiliar with your new neighborhood, find out where the local police and fire stations and nearest hospitals are
Ensure your home is safe by checking door locks, electrical cords and other potentially hazardous items
If you were pleased with the service you received from the Learned Group, Thank your professional with a referral!
ENJOY YOUR NEW HOME!
LEARNED REALTY, INC.
"Guaranteed to save YOU money"!
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