Ten Steps to Home Ownership

By
Real Estate Agent with RE/MAX Centre Realtors
http://actvra.in/mdX

1. Check your bank accounts and your monthly budget and see how much money you can invest in buying a home. ( for down payment and closing costs)

2.Sit down with a lender , get your credit report and see how much  of a loan you qualify for and what monthly payments you qualify for.  Sometimes you may want to spend less than the amount so that you will have money for other things. You should choose an amount you are comfortable paying each month .

3.Interview three agents. Ask your friends who purchased a home recently for name of their agent. Hire an agent to be your Buyer's agent. Please note that term of contract with the agent can be a  iweek or month for a trial period. The seller pays the buyer's agent through agreement with listing agent. Find out if the agent expects you to pay any fees.

4.Sit down with agent and tell the agent your requirements.

5.Once you find the home , the agent will do the comps and help you write the offer.Go to an attorney if your State requires it or if you feel you do not understand the contract.

6.Get home inspections. Negotiate with seller if there are things that need to be addressed.

7.Shop for Mortgage.  Make mortgage application.

8.Stay in touch with lender.Give them all the documents they need.

9.Get title agent. Get home insurance. Call utility companies and tell them of settlement date. so they are in your name as of that date.Call your agent to find out how much to bring to settlement a couple of days in advance.

10.Walk through the house on day of settlement to see everything is in the same condition as it was when you made the offer and things that were to be repaired are repaired.You will receive the keys after you sign all the documents at settlement.

If you are looking to buy a home in Philadelphia or suburbs call Gita Bantwal at ReMax Centre 2153438200x124 I am an accredited buyers representative.

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When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Pennsylvania
Groups:
Posts to Localism
Local Expert
Advice for Buyers
ABR-Accredited Buyer Representatives
Tags:
steps to home ownership
abr

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Rainmaker
470,336
Jeana Cowie
RE/MAX Real Estate Limited - Paramus, NJ
Broker Associate, ABR, CRS, GRI, SRES

Gita,

All these points and suggestions are well thought out and in an easy to read format. Great post as usual.

Jun 24, 2010 06:11 PM #1
Rainmaker
2,041,989
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Jeana, Thank you for your comments.Good luck.

Jun 24, 2010 06:17 PM #2
Rainmaker
2,146,505
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Gita....well done.....good list of important suggestions.....

Jun 24, 2010 06:28 PM #3
Rainmaker
232,700
Pam Jank
Coldwell Banker Schneidmiller Realty - Coeur d'Alene, ID
Your Coeur d'Alene & North Idaho Real Estate Pro

Gita, This is a great 10-Steps process.  Looks like you've got everyting in there!

Jun 24, 2010 10:34 PM #4
Rainmaker
2,041,989
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Barbara, Thank you.

Pam, I hope buyers will read it.

Jun 25, 2010 07:20 AM #5
Rainmaker
1,012,204
Charles McDonald
Charlottesville Real Estate Solutions - Charlottesville, VA
REALTOR®, Blogger, Principal Broker®, Owner

That is a great list Gita

hope you are doing well

your friend in Charlottesville Virginia

Jun 25, 2010 07:29 AM #6
Rainmaker
1,471,222
Kristin Johnston, Waukesha Realtor 414-254-6647
RE/MAX Realty Center - Waukesha, WI
Waukesha County Realtor, RE/MAX Buyer Agent

Gita, you always post such useful lists....this is no exception...have a wonderful weekend!

Jun 25, 2010 09:24 AM #7
Rainmaker
2,041,989
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Charles, Thank you.

Kristin, Thanks for your support.

Jun 25, 2010 02:48 PM #8
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Rainmaker
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Gita Bantwal

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
Call me for free market evaluation of your home
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