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House Buying Checklist
Need a few mortgage tips? Contact John Molina for aditional Info.
Begin the application process by getting prequalified and preapproved from a Mortgage Lender. Do this first. Your Agent will need your mortgage qualification, and it will significantly strengthen your offer when you find a home. John Molina can help you get that perfect Loan.
Get your financial picture in focus as soon as possible. Since it is an important component, be aware of your credit situation. You can get a free copy of your credit report at ConsumerInfo.com. Having your credit report in hand makes it much easier to decide which way to proceed.
The best time to work on your budget is before you move.
Determine your housing needs and wants to determine what types of houses you should be considering.
Familiarize yourself with the various types of housing available: Single family, townhouse, and condo.
Familiarize yourself with how to set a value on a house. This can save you a great deal of time and helps to avoid disappointment.
When you find an acceptable house, write an offer. Familiarize yourself with how offers become contracts.
Negotiate your best deal using the information you have acquired.
If you haven't already done so, make a mortgage loan request.
Arrange for home inspection. Protect yourself and do not skip this step!
Learn about home warranties and what they cover.
Compare and secure homeowners insurance. Since homeowners insurance is a long term expense, getting the best deal here brings savings that continue.
Make moving plans. If you plan to use a moving company, make comparisons and reserve time now.
Secure final loan approval and commitment from the lending institution. If you have done your "up-front" work, this should be one of your easiest steps.
Do a final walk through of the house.
Final closing and settlement.
Move to your new home and begin enjoying it--you deserve it! |
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