How to Buy a Home in Four Simple Steps
Step One: Get Pre-Approved
- You need to know how much home you can afford and what kind of down-payment savings you need to have to make an offer.
- Remember: your competition will most certainly be pre-approved--and in today's market, you must have that competitive advantage.
- To a seller, there is little difference between a pre-approval and a cash buyer. If cash is king, then pre-approval is queen.
- Give your pre-approval letter to your broker so it can be uploaded into your file.
Step Two: Find a Broker
- Find a seasoned real estate broker.
- Ask them how long they've been in the business, how many clients they've represented and how established they are in the community.
- Remember: you will pay for a realtor even if you don't use one. A buyer's agent's commission generally comes from the sale of the house--not your pocket--so doesn't it make sense to have representation in the biggest purchase of your life?
Step Three: Start Touring Homes
- Start your search online and narrow down your criteria. Get clear on all the features you are looking for and consider your must-haves, could-haves and nice-to-haves.
- Pick your Top 10 Favorites (so exciting!) and ask your broker to schedule a private tour to see them.
- Let the fun begin!
Step Four: Make an Offer
- Once you have selected your home, your broker will make an offer to the sellers. There may be some back and forth (or there may not be) to find terms agreeable for both buyer and seller.
- Once your offer is accepted, you will be asked to give an earnest money deposit to show the sellers you are serious in the purchase of their home.
- You will need to schedule a home inspection from a reputable home inspection company.
- Your lender will ask you to obtain a homeowner's policy from your insurance agent and you will also have to pay for an appraisal. If paying cash, it is HIGHLY recommended that you still obtain homeowner's insurance and an appraisal.
- Your broker will start title work, which is done to ensure that the title is free from any liens or encumbrances against the property when it is passed on from Seller to Buyer. The process takes about 30 to 45 days to complete.
- Once your mortgage is approved through your lender's underwriter and/or the title report comes back as "clear", all parties close the transaction. This can be done at the title company, broker's office, etc.
What Our Clients Say
She's there for you. That sums up our recent experience of selling a home with Miriam! We asked her for her best advice about prepping and selling our home and it paid off. She's the real deal. Miriam consistently goes above and beyond the call of duty. She's the person you want selling your home. Absolutely trustworthy and gifted in both the technical and interpersonal …
-Mark W., Client
I had the pleasure of working with Miriam on a recent transaction that was one of the best working relationships I’ve experienced. Miriam was professional, knowledgeable and friendly! She & I worked seamlessly to achieve a smooth & speedy closing for our client’s resulting in happy clients for both!! A great agent, now friend.
-Loretta J., Colleague
We have to give Miriam five stars! Her hard work and expertise helped us to find a quality home at a good price in a very short period of time. We had a time constraint, which meant almost living every day in search of a house. Miriam was not only patient but excited with us on the prospect of our getting something just right. She worked tirelessly in the awful Indiana …
-John & Elizabeth E., Client
Lovely as always.. Thanks for a great & smooth transaction, Miriam!
-Stephanie R., Colleague
Miriam takes amazing care of all her clients. You won’t be disappointed!
-Dustin S., Colleague