WHAT EVERY BUYER SHOULD KNOW
Find Your Perfect Home
DETERMINE YOUR MONTHLY BUDGET
Determine your monthly budget.
Before you start browsing the market, it’s time to do some investigating first. Based on the money you have set aside for a down payment, it’s essential you figure out how much you are willing to spend on monthly mortgage payments. Our “Mortgage Calculator” will help you determine what price range fits your budget.
MANAGE YOUR EXPECTATIONS
Sometimes your initial desires are a bit loftier than what you can actually afford. That’s okay. Because you’re probably not going to get everything on your wish-list, it’s important to narrow down what really matters versus what’s just a perk. Is a two car garage more important than a suite bathroom? Take some time to figure out your biggest needs and manage your expectations. You’ll be happier in the long run!
ASK FOR ASSISTANCE
Whether you’re a first time buyer or moving into the home you plan to retire in, no one is better equipped to help you than a D and M Homes home buying agent. Our trusted professionals are at the top of the game in their respective markets, which means they know your beloved target neighborhoods like the back of their hand.
FIND AN AGENT
The best decision you can make during the home buying process is to work with an exclusive buyer’s agent at D AND M HOMES. While any property search website can show you a list of homes, only a real estate agent can help find a home that fits your lifestyle. Agents are there to listen, understand your needs, and identify properties you may not have been able to find on your own.
GET PRE-APPROVED FOR A MORTGAGE
Getting pre-approved for a mortgage loan will put you at a distinct advantage when it comes to buying a home. While a pre-qualification can tell you how much money you will likely qualify for, a pre-approval is a bit more serious.
DECIDE ON A TIMELINE
With your agent, discuss when you would like to move. Your agent’s mission is to find your new home within a timeframe that works for you. Many clients find the property they want within a week of working with their D and M Homes agents while others prefer to search more slowly.
MAKE AN OFFER, GET AN APPRAISAL, GET AN INSPECTION, GRAB YOUR KEYS
When making an offer, agents do all the paperwork and communicate with the seller to ensure you are getting the best deal on your end. An appraisal is required by a mortgage company to ensure that they’re making a good investment in the property. Your agent will work with your lender and appraiser to ensure your loan approval comes in time. Before you close on a home, it’s important to hire a home inspector. If the house checks out and the seller accepts your offer, closing usually takes place within 30 to 60 days. GRAB YOUR KEYS AND BE READY TO MOVE.