Buying Your Home
Buying a home is one of the biggest financial investments you will make in your life. For a first-time homebuyer the process can move fast and quickly feel overwhelming. That is why it is so important to find a FULL-TIME Realtor who is highly recommended in the community and someone you can trust. There are a lot of moving parts to purchasing a home and even seasoned buyers struggle to keep the process straight!
Below, we have broken down the process of buying a home into several number of steps, and each of those steps can include enough information to fill a book! So to help you get started, let’s begin!
Step 1: Find your agent
Again, it is so important to chose a Realtor who has experience and comes recommended when purchasing a home. There are many different ways to find a good Realtor… ask your friends and family for recommendations, search the internet and read their reviews! Realtors have lots of connections and tons of resources at their finger tips to help on your journey to finding your HOME!
Step 2: What can you afford?
Now that you have your realtor, they can direct you to finding a Mortgage lender that will best meet your needs. Mortgage lenders whether a bank or credit union run different types of programs and financing options that can potentially save you thousands of dollars.
Not only can you qualify for grant money or 0% down payment your mortgage lender can get you pre-approved so you know how much you can spend on your home and how much your monthly payments will be too!
STEP 3: Begin your search!
There are many different reasons people purchase real-estate and whether its your first home, upgrading because you outgrew your home or downsizing there are some things to consider…
2. What type of home do I want? Ranch style with everything on one level? 2 Story for extra space?
3. What do I need in a home? Finished basement? Garage? Fenced in yard?
4. What am I willing to compromise on? No home will be perfect so keep an open mind while searching!
Lastly, finding the place you call “HOME” should be a adventure and exciting so go into the process with a positive mindset and have some FUN!
Step 4: The Offer
Negotiations can be intense and can make or break a deal. A seller wants the highest offer while a buyer wants the lowest offer that a seller will accept. As a homebuyer, you’re on pins and needles…
Will your offer be accepted, or will you lose out if there’s a bidding war? Bottom line it can be stressful and you will feel all kinds of emotions but remember YOU picked a good team so Let us take the lead on your behalf.
We will help navigate you through this process. We are the experts on your local housing market. We know what’s hot or not; we know what’s up-and-coming or declining and we definitely know what’s a bargain! We offer sound advice so trust the team you picked.
Step 5: Inspections
Once you have agreed to the sales price of the home its time for inspections! The first inspection is for your benefit and paid for by YOU! Again, Your Realtor will have recommendations for who to use if you don’t have a clue where to start. During the inspection your inspector will check everything from condition of the roof to the condition of the appliances.
Anything that comes up that is a safety concern or needs replacing can then be renegotiated during your inspection period (usually around 10 days after acceptance of the offer).
Next inspection is called an Appraisal. You only need this if you are applying for a mortgage. The appraisal is ordered by your lender and protects you and your mortgage company that the home you are buying is worth what you are purchasing the home for. If the home is valued lower then its back to the negotiation table because your mortgage company won’t let you buy the home unless you put more money down to cover the difference in appraised value to purchase price. Confused yet?? Its ok that’s why you have a Realtor!
Step 5: Title and Closing
You’re almost there! Now comes the last hurdles before closing. Your Realtor will order title work to make sure there are no liens on the property or issues that would hold up the transferring of the home. Your lender will gather last minute documents and make sure you are still employed (You can’t buy a house without a job!) and give us a CLEAR TO CLOSE!
Those are the magic words, it’s time to sign on the dotted line and get the keys to your new home.
What our clients say about us...
“One of a kind. That says it all. Linda is wonderful to work with. She knows the market and she is an excellent negotiator. She handles all of the details and makes the experience of selling and buying worry free. This isn’t just a job to her and you will see that when you meet her. She really enjoys helping people in selling and in finding their dream home. You won’t find anyone more dedicated. You will love working with her.”
“Linda was our realtor when we purchased our home and then years later when we sold our home. We were so impressed with her expert knowledge of the housing market, her professionalism, and her friendly personality. She guided us through the whole process. I would highly recommend The Sarmiento Dream Team!”
“Linda and her team were extremely helpful with all aspects of selling our home. We had a tremendous amount of showings and open houses until our house was sold. We closed within six months of putting our house on the market. Linda and Chris were very professional and communicate well and often, which was important to us. They were referred to us, and they are the only team we would refer to others.”
“Linda gave my fiance and I the honest truth and opinions needed while we ventured about to purchase our first home. Honest about her perception on things, an expert in the field of Realty and treated us ” like she would her own sons”. Something truly impactful in such a business exchange. I would recommend Linda to anyone as her bubbly personality and knack for detail were suburb in our quest for our first home.”
“I have had the pleasure of working with Linda on two separate occasions. Linda was my buyers agent when purchasing our first home in the area. Then 3 years later Linda was the selling agent when we had to move. Linda knows! Linda and Chris are very professional and yet totally can connect personally. They dominate the Saginaw County area due to their knowledge of the area, their ability to price competitively, negotiation with other agents, and they know how to STAGE. Linda and Chris could have their own HGTV show on simply staging! All you have to do is visit one of their open houses and you will experience the difference.”