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Eight Steps to Buying a Home

  • Step 1: Figure out how much you can afford

    What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate. It is best to visit a lender to find out what home is in your range.

  • Step 2: Know your rights

    Check with government housing Web sites for the following:

    • Fair Housing: Equal Opportunity for All
    • Real Estate Settlement Procedures Act (RESPA)
    • Borrower’s rights
    • Predatory lending
  • Step 3: Shop for a loan

    Save money by doing your homework. Talk to several lenders, compare costs and interest rates, negotiate to get a better deal. Consider getting pre-approved for a loan, it will save you time and effort in the long run.

  • Step 4: Learn about homebuying programs

    Each state, including California has special Homebuying programs. FHA loan programs offer lower down payments and are a good option for first-time homebuyers, but are limited to a certain price range of properties.

  • Step 5: Shop for a home

    When you get ready to actually start your shopping, there are a few things you should do:

    • Contact us and let us make finding your dream home a breeze
    • Create a Wish list of the features do you want.
    • Create a ”Home-shopping checklist” so you can evaluate what you see side-by-side.
  • Step 6: Make an offer

    Discuss the process with your real estate agent. If the seller counters your offer, we may need to negotiate until you both agree to the terms of the sale.

  • Step 7: Get a home inspection

    An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs.

  • Step 8: Shop for homeowners insurance

    Lenders require that you have homeowners insurance. Be sure to shop around.

NRG for Buyers

The homebuying process may at times seem rather complicated, but if you take things step-by-step, you will soon be holding the keys to your new dream home!

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