Serving Baton Rouge & Surrounding Areas
Stacy Branyan, Realtor
8. MOVE IN
Congratulations! You are now the owner of a new home. If you were happy with my services, be sure to recommend me to your friends and family.
7. TIME TO CLOSE
At closing, you'll sign papers and get keys to your new home. The closing will be handled by an escrow agent who acts as the neutral third party that holds the legal documents and funds for the buyer, seller and, at times, a lender. The agent will distribute all necessary documents and funds according to lender instructions and ensure that both the seller and the buyer meet their contract responsibilities. Ownership is now legally transferred from seller to buyer.
6. FINAL LOAN APPROVAL
If you're pre-approved, much of the legwork is already done and your loan may process more quickly. The lender may require additional documentation. Based on the documentation submitted by the loan processer, the underwriter decides whether the loan is approved or denied. It is also during this step that the buyer is required to secure homeowner's insurance and flood insurance if applicable.
5. GET HOME INSPECTED & APPRAISED
Home inspections are not required by lenders, but are crucial for the buyer and strongly recommended. A home inspection is a limited, non-invasive examination of the condition of a home that gives the buyers information on any deficiencies of the property and recommended repairs. If the inspection reveals problems, you can either back out of the sale or you and the seller can negotiate how to handle the repairs if you are still interested in buying. See my Home Inspection Guide for more information on this process. Home appraisals are estimates of the market value of a home made by professionals, according to guidelines established by the industry and state regulation. This is required by lenders and must be completed before final loan approval. The average cost for an appraisal is $400 and is paid for by the buyer.
4. MAKE AN OFFER
Once you find the home you love, it's time to negotiate. There are many negotiating factors, including but not limited to price, financing, terms, date of occupancy, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, I will make sure the purchase agreement provides a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. I will make sure you are confident about this step of the process and protect your interests. If your offer is accepted, you are now under contract and one step closer to owning your new home.
3. START SHOPPING
Now it's time to have fun and find the home that fits your financial and lifestyle needs. Determine what is important to you, such as particular schools, neighborhood amenities, monthly mortgage payment, public transportation, walkability, etc. Make sure you include home owner’s assessments, utilities, and taxes when calculating the monthly mortgage payment. As your realtor I will keep you up to date with new listings on the market, show you the homes on the market that fit your wish list, and go beyond the aesthetics and tell you important details about homes you’re considering.
2. GET PRE APPROVED
For a preapproval, the lender verifies the borrower's information and documentation to determine exactly how much it would be willing to lend to that borrower. This allows you to shop for your home without worrying about whether you can afford it. A pre approval is not a loan commitment, but it helps speed up the loan approval process and is usually required to make an offer on a home. I can provide a referral to a lender if you don't have one.
1. FIND A REALTOR
Your real estate agent is your guide through the entire process. I will help connect you with a lender if you do not have one. As your Baton Rouge area realtor I will help you find your home and negotiate the best deal. As we go through the process, I will guide you through the legal documents, regulations, and requirements to secure your home.
For millions of people, owning a home is a source of wealth and freedom. The road to home ownership can be daunting, but a good realtor will take you through every step of the process and help you find the home of your dreams. I have extensive experience as a buying agent in the Baton Rouge area, and I will make sure you feel confident about the home buying process. Purchasing a home is a major investment and it is often easier to see the entire picture by breaking it up into parts. Below I have prepared a guide showing the key steps to owning your own home. For more information, contact me at 225-229-0451 or email@example.com.