If you are anything like me when it comes to buying a home, I'm sure your first thoughts may be, "Where do I start? This is super overwhelming!" Becoming a first-time home-owner yesterday blew my mind- I've been renting for the past decade! I hope that this guide helps you a bit with some resources and quick tips. Yes, it's a lot, but it's so rewarding and can be a seamless process when you find a real estate agent you trust and have a great support system! Closing yesterday was INCREDIBLE - I am so thrilled to be staying in Charlotte, NC for good!
Before you get started on these steps... save save SAVE! Think about where you can cut back on your daily Starbucks or subscriptions that may not be adding a ton to your life. It'll pay off. Once you are in a place where you have saved a good amount for a down deposit, here is how you get started.
Step 1: Check your credit score
Step 2: Figure out how much house you can afford
Step 3: Find a real estate agent
Step 4: Get pre-approved
Step 5: Start the home search
Step 6: Make an offer
Step 7: Schedule the inspection
Step 8: Secure your financing
Step 9: Purchase a homeowners insurance policy
Step 10: Close and move
-Check out this article on Zillow which has more details on these steps.
- Real Estate Agent
- Sellers & Seller's Agent: You don't interact with them directly (typically).
- Home Inspector
- Homeowners Insurance Company
- Closing Attorney
- Support Team
- You :)
I WISH I WOULD HAVE...
Been more aggressive in my home search which could have cut down the length of the process. The process of buying a house takes roughly six months, but because of my crazy schedule it took about 9 months. If I had been more aggressive in home searching, I could have taken advantage of the historic interest rates even more.
I could have done more research to price compare on everything. Luckily, JG did a ton of this research for me.
Understood earlier that certain condos in cities have restrictions on the amount of apartments that can be rented within their complex and won't allow you to AirBnB. This was important for me when thinking about future investments and possibly having renters.
I couldn't have done this without the help of Jessica Grace Booker (my real estate agent), Rapid Mortgage (my lender), and my family who has supported me nonstop in the process. Couldn't be more grateful to be a homeowner before 30 - it's a huge responsibility and SO worth it as an investment!!
If you have any questions, feel free to reach out and I can also connect you to Jessica Grace Booker from Savvy & Company Real Estate!
Now... time for the MOVE!!