Home Buying Process

Financial preparation

With pre-approval, on the one hand, you can always be ready to create the offer for your dream house, on the other hand, you can also understand your own financial power, so that you can accurately narrow the scope of the house hunting range.

Need to pay attention to the following parts:

1. Pre-approval does not mean that you will eventually get the loan.

2. Pre-approval requires hard pull credit scores.

3. Underwriter approval will be more effective

Know what you want

Buying a house is an optimization problem. In most cases, buyers need to make a trade-off between budget, location and condition. You need to be clear about which factors are most important to you and what could be sacrificed. The most important thing is to be clear about your needs, know what you want, and choose the one that suits you.

For example, for some people's children to study, the school district is an indispensable factor. And some people like to be close to the company, so location is the most important factor they consider, and so on.

Tour the house

After you have determined your goal, the next step is to go to the house with the agent. At the beginning, it is suggested that you can enlarge the scope of inspections and see more of different types of houses. After you are familiar with the market, and know what you want, you can consider to focus on smaller range of houses.

Prepare to make the offer

When you want to make an offer for a house, we will guide you read through the disclosure package, identify whether there are serious problems. At the same time, we will do Comparable Marketing Analysis based on the nearby similar transactions, and provide the reasonable market value range. Besides, we will contact listing agent for more background info to determine the popularity of the house, the motivation of the sellers.etc.

Based on the above info and feedback, you will be able to decide the final offer terms.

Offer-negotiation