Buyers

Unlock Your Happy Place

The Buying Process

Get Prequalified

Your lender will look at your income, credit scores, revolving debts, obligations such as child support as well as the type of loan you choose. Other factors that impact how much home you can buy is the down payment; smaller down payments mean higher monthly payments.

Need vs Want List

Decide how many bedrooms and bathrooms you’ll need. Optional locations and amenities might be a consideration.

Hire a Professional

Your real estate professional should be expert in the area where you want to live and familiar with the type of home you want to buy according to your financing. Your agent has experience in your neighborhood and can offer the best advice on homes in your range.

Compare Homes

No home is perfect and there will always be something you’ll want to change. Which home best suits the activities and needs of your household now and in the years ahead? Don’t buy more than you can comfortably afford.

Make Your Offer

Your offer depends on the current market. If a home has been on the market a long time, you can ask the seller for a price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Ask your real estate professional for advice.

Inspection

Your offer depends on the current market. If a home has been on the market a long time, you can ask the seller for a price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Ask your real estate professional for advice.

Appraisal

The bank orders an appraisal to determine market value. If the home doesn’t appraise for the purchase price, the bank will refuse to make the loan unless you renegotiate with the seller. If it appraises, the lender will move toward closing.

Closing

Once all your inspections, appraisal and loan are completed, the parties to the transaction meet at the title company. All paperwork is signed by both parties. The lender pays the seller, minus any liens against the home such as the seller’s mortgage. Once all the disbursements have been made it gets recorded at the County Recorder’s Office. Then you get the keys to your new home, according to your agreement.

Want To Know More About Lake County?

Ask Us Anything

=