Steps to Buying a Home

    Step 1: Decide to Buy

    When you decide to purchase a new home, or your first home, this is one of the biggest financial decisions you will ever make. So, how do you know if it’s the right time? Buying the right home never comes at the wrong time. The most important thing is finding a good buy and evaluating your finances to determine affordability.

    Real estate is a great investment that provides many specific financial advantages, including building of equity, appreciation potential and many tax benefits. The single most important thing to know that will help you keep your stress at a minimum during the home buying process is this: You don’t have to know everything. Forte Properties is ready to help you through every step of the process.

    Step 2: Contact Forte Properties

    Using a licensed Texas REALTOR® to help with your home purchase is an invaluable service. Rest assured that above all else, we always put our client’s best interests first. You dream of home ownership and our job is to make your dream come true. Learn more about our FREE Buyer Representation Service.

    Step 3: Secure Financing

    Ultimately, you will be pre-approved for a certain amount, but it is up to you to decide how much of your budget you are willing to stretch in order to get into the home of your dreams. You can pre-qualify for a home loan quickly using our Online Home Pre-Qualification Form. If you are unable to secure financing at this time, you can still purchase a home with owner financing! If purchasing an Owner Financed home, skip to Step 4!

    Step 4: Find Your Home

    So you are approved for financing, or have decided to go the owner finance route, and are ready to begin your home search. Diving in to the Austin real estate market without the assistance of a professional can become extremely overwhelming. Forte Properties will help you accurately pinpoint homes that fit your budget and criteria. The perfect home will meet all of your needs and as many of your wants as possible. You will quickly learn that as you look at homes, your priorities will most likely adjust along the way.

    Step 5: Make an Offer

    Once you have found the “right” home, the next step is to make an informed offer. Emotions will be in high gear and at this time it is very important to remember that real estate is an investment. There are three basic components of a purchase offer: Contingencies, Terms, and Price. Look to your REALTOR® to explain and guide you through the offer process.

    Step 6: Perform Due-Diligence

    There is no such thing as a “perfect” home and this is where reason trumps emotion. You will need to have a licensed inspector perform a thorough inspection on the property. The purpose of this is to expose any hidden issues so you are aware of what you are getting in to before you sign the final closing papers.

    Don’t worry about the little stuff. The home inspector’s job is to list all things discovered, no matter how big or small, on the inspection report. It may be lengthy, but for the time being things that are easy to fix can be overlooked. If the inspector notices a big problem such as potential structural damage, it is highly recommended to bring in an expert. If it turns out to be a worst-case scenario, walking away from the purchase might be your best option.

    Step 7: Close

    Once you have presented your offer, negotiated acceptable terms and have completed all inspections, you are in the final stages of purchasing your new home! In order to ensure that you don’t put closing, or your financing at risk, you have some important responsibilities that you need to be aware of which include remaining in control of your finances and credit by not making any large purchases, keeping in contact with your lender and agent, and scheduling a time for a final walk-through inspection of the property. Also, take a look at the various Austin home warranty providers that can ensure major parts of your home are covered.

    Step 8: Protect Your Investment

    Congratulations, and welcome to your new home! It’s now your responsibility to protect your investment for many years to come. Making sure you perform all necessary routine maintenance is more affordable than dealing with big problems later. Be sure to watch for any signs of leaks, wear or damage.

    Just because the home buying process is complete, your relationship with Forte Properties is just beginning! We can still help you by finding contractors or repair services, providing information to help you during tax season and even keeping track of what your home is worth in the current market.