One of life’s most exciting
events is the purchase of a new home. Whether it’s your first or fifth time,
buying a home is always a cause for celebration! It might feel like the hard
part is over once you’ve signed on the dotted line but the to-do list is always
a long one in anticipation of closing day.
Before you make an offer,
you should figure out a budget. Don’t just
consider your monthly mortgage payment. As a homeowner, you have to think about
property taxes, utilities, maintenance, furnishings and unforeseen expenses.
Now, it’s time to do some hiring! You’ll want to hire a realtor (ask your
friends and family for referrals), and also hire a real estate lawyer to assist
with any legal questions that might come up.
After your offer is
accepted, hire a home inspector – your realtor will likely be able to recommend
one they have experience with. Make sure to complete any conditions included
with your offer, like conditional financing or a home inspection. If there are
any problems with the conditions (i.e. a roofing issue) you will need to
discuss your options with your realtor. If all the conditions are satisfied,
you will have to sign documents stating that each of the conditions are either
waived or fulfilled. The offer will then become firm.
To start planning your move,
there are some things you need to do. Make sure to obtain home insurance, set
aside funds for closing costs, and notify your current utility companies and
contact new ones if required. Lastly, you’ll want to start packing!
Although this might sound
like a lot of information, there’s no need to be stressed! Making a list of
things to do can help you organize yourself and make sure you don't miss
anything. Your realtor will be there to help you along the way!