Buying and Selling A House

Buying and Selling A House

Buying and selling real estate is an extremely exciting time during a person’s life. If you are a first time home buyer then the experience is completely new to you. You will need to follow a few key steps in order to purchase your first home. These steps are the same for someone who has previously purchased real estate as well.

You must find a lender for the loan on the property you wish to purchase. You will need to acquire a pre-approval letter. Some real estate agencies require this before allowing you to view houses. Once you have your pre-approval letter for your loan then you can start searching for a real estate agent. Many people already know of a real estate agent. If you do not have a family member or friend who is a broker then you can ask friends, neighbors, family members and co-workers. Once you have selected the agent you want to work with you can then schedule a meeting.

When you sit down and meet with your real estate agent they will go over some basic questions to help you find any fripp island homes for sale beaufort sc or in any town across the United States. The first thing they will inquire about is your budget. Once that is established you will be asked how many bedrooms and how many bathrooms you wish to have in your home. You will have to decide upon parking spaces and garage space and basement options as well. Additional features that can be added to the MLS (multiple listing service) search criteria include yards, pools, fitness centers and parks.

Your agent will establish your account with the MLS and you will begin receiving emails with houses that meet your search criteria. Each house will have a green, yellow and red option. You will click green if you want to schedule a time to see a house, the yellow if you are considering the house but it may not have all of the features that you wanted and red if you do not want to see the property. You may receive several emails each week. If you are house hunting during the spring months when the real estate sales are at their peak you will see a much larger selection of homes to choose from.

After you have selected a few houses that you want to tour your agent will begin setting up showing times. Typically, an agent will try to set up showings back to back so you can see multiple properties in one day. This will help you make your decision in a timely manner. Once you have decided upon a property your agent will send a bid to the listing agent. If the seller accepts your bid, then a closing date will be set. If the seller comes back with a counter offer then you have the choice to meet their offer or try to further negotiate. The total closing process can take thirty to sixty days depending upon how efficient the agent and lender are.

Comments are closed.