Steps to Owning a Home in Michigan
Oct 30th, 2013 by admin
The path to becoming a homeowner has never been easy. However now more than ever, given the economic decline, the process can be an immense burden and exhausting to say the least. There is the inevitable mountain of paperwork and the dreaded task of searching for a truly great realtor. The reward in the end is well worth it, but with this simple guide, you will find step-by-step instructions that will surely make your path to owning a home a little bit smoother.
Finding the Perfect Agent for You
When you are ready to enter the real estate market and viewing the beautiful homes for sale in Farmington Michigan, finding the right agent for you is a key component. First, you definitely need to seek out a qualified professional that will complement your needs. The agent you choose is a crucial decision because he or she will be your guide and advisor throughout the lengthy process. It is also a critical choice because the amount of time you will be spending with this person and how dependent you will be for their professional skills and advice.
Determine Your Price Range
Truthfully, you need to have an estimated price range before even diving into the enticing world of home ownership. You can contact a mortgage lender or other financial institution that will assist you in assessing your funds and coming up with an appropriate price range. These types of financial advisors can be so very helpful in explaining the process of buying a home, as well as suggesting and educating you on the different mortgage programs available to you.
Finding the Right Home for You
At this point, you will have acquired the advice of a mortgage lender and hired the right agent. The lender will pre-approve you to begin your hunt for your new home. Now you have gotten to the fun part and are able to check out the beautiful homes for sale.
Make an Offer
Now that you have found your gorgeous dream home, you will need your qualified agent more than ever. They will have plenty of paperwork for you to complete and will provide you with the advisable initial offer. He or she will also act as a go-between, saving you the time of going back and forth for weeks on offers.
Finishing Touches to Your Dream
If you have not officially completed the mortgage application, now would be the time. You should also make sure to get an inspection of the home and property prior to committing to anything. When your mortgage has been approved, you should receive a letter in the mail. If everything else has been complete, then the very last step is to gladly close the deal and become an official homeowner. If a closing date has not already been scheduled, the listing agent will confirm a closing date and time to your mortgage lender, you, and your agent. Then your big closing day will be near. All you need at this point is to be prepared with whatever funds you will be paying.
About the Author:
This article is brought to you by Mark Freemon. Mark has recently made a home purchase in Michigan.