When most people think about buying their first home, often they envision an exciting house hunt and viewing lots of houses. While this is a big part of buying a new home, and what we went through in our last blog, the home buying process doesn't stop when you put an offer in on the home. Here are the next steps in buying your first home.
Hire a home inspector
While hiring a home inspector might seem like something you could skip to cut costs, it is actually a smart idea to ensure you as a home buyer are protected. The offer you put in on the home can be conditional on the outcome of the home inspection to make sure you don't get stuck with costly repairs. It also ensures that you aren't surprised by any major issues with the home. As a first time home buyer, you may not know what to look for and what may be damaged in the home, so having an expert look can save you more money in the long run.
In this step of the home buying process you will have to arrange meetings with a lot of different parties to close everything. You'll have to meet with your bank to ensure the final approval of your mortgage. Then, you will need to meet with your lawyer to sign paperwork and ensure all legalities are finalized and dealt with. Once these meetings are complete, you're one step closer to owning your new home and moving in.
Prepare to move in
Buy some boxes and start packing. Arrange details with a moving company, if you're hiring one, so that everything is ready for the day you move in. This is also the right time to ensure that you have utilities and other services (such as phone, cable, or internet) set up for when you move in. Preparing things like these in advance will ensure a smooth transition for when you move, and a less stressful moving day.
Closing the deal
This is the last step of the home buying process! Once all of the paperwork is completed by the lawyers, so the home is officially in your name, the home sale will be closed and you will become the new owner of your new home. Now, it's time to move in and enjoy your new home.
The process of buying a home doesn't have to be intimidating and scary. With the right people in your corner, it can be smooth sailing for you. Team Davids is committed to ensuring our clients find the right homes and aren't overwhelmed in the process.