If you’ve been considering home ownership, 2023 is the year to make it happen! American Veteran Properties has created a Home Buying Guide that provides all the information you need to successfully find and purchase the home of your dreams. How exactly can our buying guide help you get into a home? This guide includes the following steps to help you in your real estate goals:
Step 1:
Deciding to Buy
How do you know it’s time to buy? Consider the following questions when making your choice:
1) Why do you want to buy? Understanding why you’re motivated to buy will help you determine what type of house you should purchase. 2) Has your income grown? If you have some extra money, investing in real estate is an excellent way to grow your wealth.
Step 2:
Preparing to Buy
Before you start home shopping, make sure you are prepared to buy. You will need to secure financing and have all your paperwork in order. This paperwork includes financial statements, bank accounts, investments, credit card statements, auto loans, recent pay stubs, tax returns, 401K statements, and other personal financial documents. You’ll also want to check your credit score and understand credit requirements.
Step 3:
Choosing a Real Estate Agent
Finding a good real estate agent is essential. Purchasing a home includes a lot of paperwork and navigating complex issues. When choosing a real estate agent, it is important to ask the following questions: How much time they will have for you? Are they familiar with the areas you are considering? What are their professional credentials?
We recommend you look for a full-time agent who has experience completing transactions like yours. Specifically, if you are a service member.
Step 4:
Time to Go Shopping
Now for the fun part! It’s time to decide where you want to live. It’s important to research the areas you are considering. Get a feel for those areas by driving around. This will help you narrow down your search. When you’ve chosen your home, your agent can help you draft up an attractive offer and submit the correct paperwork.
Step 5:
Inspections, Appraisals, and Escrow
Once your offer has been accepted, the process of closing on the home begins. You will arrange a timeline with the seller to complete each part of the process. Closing includes an inspection, appraisal, lending, association approval, and securing property insurance. This is where a professional real estate agent becomes invaluable. It is important to meet each deadline with the correct information, so your deal stays organized and on track. The agents at AVP will guide you through each step until the keys are in your hand.
Step 6:
Moving In
The day has finally come! The paperwork is behind you and there are a few last steps before you make the home your own. You’ll have one final walkthrough and then it’s time to sign the closing documents, set up utilities, and move in!
It sounds like quite the process, doesn’t it? Finding a home and managing the real estate market can be tricky. American Veteran Properties Home Buying Guide is a great start to managing your real estate goals. When you’re ready to jump in, the agents at AVP will help you every step of the way. Make 2023 your year and unlock the door to the home of your dreams!
