in

and
• tags.
  

  Home Buying Checklist: How to Prep for the Big Move

  Pre-Purchase Planning

  Buying a home is one of the biggest investments you’ll ever make, so it’s important to do your research and plan ahead. Before you even start looking at homes, make sure to get your finances in order. That means knowing exactly how much you can afford and what type of loan you’ll need.

  Financials

  Before you start looking for a home, you should know what you can afford. Start by looking at your monthly income, expenses, debts, and savings. This will give you an idea of what type of loan you may be eligible for, and how much you can comfortably spend on a mortgage.

  Loan Options

  Once you have an idea of how much you can afford, you’ll need to decide which type of loan is best for you. There are many different types of loans available, from traditional mortgages to government-backed loans. Talk to your lender about what type of loan is best for your needs.

  • Check your credit score and report
  • Calculate your debt-to-income ratio
  • Research mortgage options
  • Apply for pre-approval

  Home Search

  Once you have your finances in order, it’s time to start looking for a home. This can be an exciting yet stressful process, so take your time and be patient. Before you start looking, make a list of what you need and want in a home. This will help you narrow down your search and find the perfect home for you.

  Location

  Location is one of the most important factors when buying a home. Make sure to consider things like schools, transportation, safety, and amenities when deciding on a location. You may also want to look into potential resale value if you plan on selling the home in the future.

  • Check out the neighborhood
  • Research schools and amenities
  • Look into resale value
  • Visit homes in person

  Contract and Closing

  Once you’ve found the perfect home, it’s time to make an offer. Your real estate agent can help you negotiate the price and terms of the contract. Once the offer is accepted, you’ll need to complete a few more steps before you can close on the home. Make sure to get an inspection and review all paperwork before you sign.

  Inspection

  You’ll need to get a home inspection to make sure the home is in good condition. The inspector will check things like the roof, foundation, plumbing, and electrical systems. This is an important step that can help you avoid any problems down the road.

  • Get a home inspection
  • Review all paperwork
  • Sign the contract
  • Schedule closing date