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The Road to Buying a Home
1. Hire A Realtor
A reputable agent will have your best interests at heart and will work hard to help you find the perfect home.
2. Get Pre-Approved
When you’re ready to start looking for a new home, it is important to get pre-qualified for a mortgage to give you a clear idea of what you can afford to spend on a new home.
3. Prioritize Your Wishlist
We’ll work with you to determine your budget, sort through listings, and schedule visits to potential properties.
4. Tour Available Homes
When you visit an open house with The Sayles Group, you can be confident that our team will provide you with all the information to make an informed decision.
5. Make A Competitive Offer
Part of the process of purchasing a home is submitting an offer letter. This letter outlines key details about the purchase, including the price you're willing to pay and any contingencies, like a loan or home inspection contingency.
8. Close and Move In
When you receive your Closing Disclosure, it’s time to attend the closing meeting. You'll sign several documents at once including: A settlement statement listing all costs related to buying a new home; then finally - after completing these steps and paying your closing costs -- you can move into your new home!
7. Get Final Loan Approval
When you submit your full loan application, the mortgage processing stage begins. At this time all necessary credit reports are ordered as well as a title search, tax transcripts for verification purposes and the underwriting process.
6. Complete Inspections and Appraisal
The general rule of thumb is that you should have the inspection done before the appraisal. That way, if there are any major issues with the home, you can back out of the deal before spending money on an appraisal.
Buying a House FAQs
How long does it take to buy a house?
It depends on the location and market conditions. Generally, it takes about 4-6 months to go from finding a house to getting the keys. There are a lot of steps in between, so it's important to be prepared and have your finances in order.
How much money should you have before buying a house?
It depends on your circumstances, but generally speaking, you should have enough money saved up for a down payment, closing costs and other associated expenses before buying a house. Depending on the price of the home you're interested in, that could mean anywhere from a few thousand dollars to tens of thousands of dollars.
