The 10 Steps to Purchasing a Home
A NAR study revealed that 82% of non-homeowners have a desire to own a home.
Many renters feel that the cost of home ownership is far beyond their reach. This is usually do to the myth that you need 10 percent or more to buy a home. The reality is the actual median down payment and closing costs required for a first-time buyers has hovered around 6-6.5% for the last 3 years! This means that many renters who at first believed homeownership was financially out of reach may have options available to purchase now!
There are a variety of financing options available to first time buyers that may allow a buyer to purchase much faster then expected.
What are the general steps to go from renting to purchasing?
- Getting Pre-Approval
- Finding a Realtor
- Preview Properties
- Submit an Offer
- Escrow & Inspection Period
- Financing Obtained
- Final Walk-Through & Closing
- Receiving the House Keys
Each Step is important and done together with a great set of Realtors by your side can result in your home purchase dreams coming true. We love helping long term renters to realize their home purchase goals.
Click below to get a free copy of our buyer’s guide and action plan.