Buying Your First House
Taking the Big Step towards Homeownership

You finally decided to take the big leap and move forward on buying your very first home. It may seem like an overwhelming chapter and process. But when working with an experienced real estate agent you should expect exceptional results. After assisting many clients throughout the buying process when looking for a home for sale in Oldham County KY, it is important to understand what it takes to buy a home and how you can achieve results.

What is the First Step? Financing

Before moving forward, the first step is to find out how much you can afford and what your budget will look like. This is one of the most important steps when buying your first house because you do not want to begin your search and next thing you know you are looking at homes that are out of your price range and setting your expectations too high.

Find your New Home

Now it is time to begin your search. It is important to really narrow down your search criteria, especially in a hot market so you can move fast when the perfect home hits the market. With the access that consumers have online, this will also help you as a buyer when keeping a good pulse on the market.

Accepted Offer

After you find the home you are looking for and you are ready to move forward and have an accepted offer. It is time to schedule the home inspection. If you don’t have somebody in mind, your real estate agent will more than likely be able to refer you to a local home inspector that they often use.

Appraisal

After the home inspection has taken place and the agreed-upon repairs have been set forth, it is time for the lender to order the appraisal. When financing a home, it is important for the lender to send out an appraiser to inspect the property to make sure the home appraises for at least the amount of the loan to protect the bank.

Closing

You are at the final step of buying your very first home. You have received the clear close and now all you need is to bring your drivers licensed to closing and sign the papers. Congratulations on owning your first home.
Buying Your First House
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Buying Your First House

Step by step process of buying your very first home.
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