Understand Your Goals and Budget
- What type of property are you looking for? (Primary home, investment, vacation, etc.).
- Set a realistic budget.
- Factor in hidden costs: inspections, appraisals, closing costs, taxes, insurance, and repairs.
Get Pre-Approved for a Mortgage
- Contact a lender to get pre-approved. This shows sellers you're serious.
- Compare mortgage rates and terms from different lenders.
- Know how much house you can truly afford.
Start Your Home Search
- Drive around neighborhoods you like.
- Look for FSBO (For Sale by Owner) signs and listings.
- Attend open houses.
Research the Property
- Check recent sales in the area to know if the price is fair.
- Review property history (previous sale price, time on market, etc.).
- Confirm zoning, flood zones, and any restrictions.
- Look up property taxes and HOA rules (if applicable).
Make an Offer
- Consider fair market value and any contingencies (inspection, financing, etc.).
- Draft a formal purchase agreement or contract with YAGENTZ.
- Include contingencies to protect your deposit (earnest money).
Hire a Real Estate Attorney
- Even if you’re not using a Realtor, having a real estate attorney can protect you legally.
- They’ll help with contracts, title searches, and closing paperwork.
Schedule Inspections and Appraisal
- Hire a home inspector to assess condition (roof, foundation, HVAC, plumbing, etc.).
- If you're financing, your lender will require an appraisal.
- Renegotiate or walk away if the inspection or appraisal reveals issues.
Finalize Financing
- Submit documents to your lender to finalize your mortgage.
- Lock in your interest rate.
- Review your Loan Estimate and Closing Disclosure.
Conduct a Title Search
- Make sure the property has a clear title—no liens, disputes, or ownership issues.
- Title companies or attorneys can handle this.
Closing Day
- Review and sign all final documents (settlement statement, deed, mortgage note, etc.).
- Pay closing costs.
- Receive keys and officially take ownership.
