Understand Your Goals and Budget
- What type of property are you looking for? (Primary home, investment, vacation, etc.).
- Set a realistic budget.
- Factor in hidden costs like inspections, appraisals, closing costs, taxes, insurance, and repairs.
Get Pre-Approved for a Mortgage
- Contact a lender to get pre-approved. This shows sellers you're serious.
- Compare mortgage rates and terms from different lenders.
- Know how much house you can truly afford.
Start Your Home Search
- Drive around neighborhoods you like.
- Look for listings on Yagentz.
- Attend open houses.
Research the Property
- Check recent sales in the area to determine if the price is fair.
- Review property history, such as previous sale price and time on market.
- Confirm zoning, flood zones, and any restrictions.
- Look up property taxes and HOA rules if applicable.
Make an Offer
- Consider fair market value and add necessary contingencies (inspection, financing, etc.).
- Draft a formal purchase agreement or contract using Yagentz.
- Include contingencies to protect your deposit (earnest money).
Hire a Real Estate Attorney (Highly Recommended)
- Even without a Realtor, an attorney can protect you legally.
- They assist with contracts, title searches, and closing paperwork.
Schedule Inspections and Appraisal
- Hire a home inspector to assess the property (roof, foundation, HVAC, plumbing, etc.).
- If you're using financing, your lender will require an appraisal.
- Renegotiate or walk away if issues are found.
Finalize Financing
- Submit all required documents to your lender.
- Lock in your interest rate.
- Review your Loan Estimate and Closing Disclosure carefully.
Conduct a Title Search
- Ensure the property has a clear title with no liens, disputes, or ownership problems.
- A title company or attorney can handle this step.
Closing Day
- Review and sign all final documents, including the settlement statement, deed, and mortgage note.
- Pay any closing costs.
- Receive the keys and officially take ownership.
