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Nationwide Contracting is experienced in helping both families and businesses through repairs, renovations, and building. Along with these experiences has come keen insight into other related processes and ventures. One thing Nationwide Contracting has become particularly surrounded by is home buying. Buying a home can be a stressful process, especially that first home purchase. But it doesn’t have to be as scary as it may seem. If you break the process down into easy steps and stages, it becomes a much less daunting task. What follows is a step by step process to buying your first house, brought to you courtesy of Nationwide Contracting: (1) Shop for the loan first! Before you can go house hunting on Sunday afternoons, you need to know your price range. No point in looking at $500,000 houses when you can only afford one below $300,000. As you would with anything else, compare multiple rates to be sure you are getting the best deal possible, says Nationwide Contracting. (2) Know your market. Nationwide Contracting recommends that you search for comparables in your neighborhood. If you are looking for a 3br/2ba home with a two car garage and granite countertops in the kitchen, then find out what the going rate is for that type of house in your target neighborhood. Knowing the prices will give you more leverage to negotiate. (3) Agent time. If you are a first time buyer you will most certainly need an experienced real estate agent. Nationwide Contracting suggests you find one that knows your target neighborhood well and specializes as a buyer’s agent. (4) Search. Be active and see lots of properties. Don’t settle for the first home you like, because chances are you are missing out on plenty of other opportunities, says Nationwide Contracting. (5) Offer. Don’t be afraid to put down an offer once you’ve seen a few homes and found one you like. Also do not be afraid of being rejected. Discuss a good offer strategy with your agent and see how much you can realistically offer to buy the home for, says Nationwide Contracting. (6) Due Diligence. Nationwide Contracting recommends that once your offer is accepted, make sure you do your due diligence and have inspectors check out the house. There is nothing worse than closing on a house, moving in, and finding some awful problem your first night in the house. You are allowed to have the house inspected and reviewed before closing. (7) Turn in Mortgage Application. Submit your mortgage application and make sure everything is still approved now that you have an actual offer on the table, says Nationwide Contracting. (8) Close! If everything checks out, then it’s time to close and pull out the bubbly to celebrate! Resources: http://www.nbcnews.com/id/16949932/ns/business-answer_desk/t/what-are-steps-involved-buying-house/#.UhV41pzpzA8
http://moneyfor20s.about.com/od/financialrules/ht/buyahome.htm
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