What every buyer needs to know, step by step.
Gather All the Information
First, talk with a lender. Obviously you want to know what you can afford. Whether it is your local bank or a mortgage company specializing in various mortgage programs, it is vital to have a pre-approval letter prior to making an offer. Once you know how much you can afford, you’ll need to have a clear understanding of where you want to live, and what qualities you’re looking for in a home. Here are some prompts to help you make those decisions.
Choosing a Real Estate Professional
While all real estate agents are licensed by the State of New Hampshire and subject to the regulations of the NH Real Estate Commission, not all real estate agents are Realtors®. Learn about the different qualifications real estate professionals can hold, and what questions to ask when you’re interviewing your potential buyer agent.
Have your eye on a property?
Do a “drive-by.” One thing that can’t be changed is location! Next, schedule an appointment for a viewing. You’ll want to choose a time when daylight affords you a good look both inside and out. Leave children in the care of a sitter, so that you are not distracted. Here’s what to do once you arrive at the property.
Making an Offer
An offer is about more than just price. Time frame, inspections and financing are also of interest to a seller. Remember that you may be competing with other buyers, not the seller, and during this time the seller may consider other offers. For this reason, if you are serious about a property, try to make your offer one that will not come back with changes from the seller, known as a counteroffer.
My Offer is Accepted!
Once you have a fully executed contract (meaning all parties have signed and initialed changes), the clock starts ticking. Immediately make arrangements to meet with your lender, and schedule any home inspections that are specified in the contract.
At closing, the seller will sign over the property to you. Leave young children with a sitter if possible, and make sure to bring things, and other items as advised by your Realtor®.