Home Buying: The First Steps


You have made the decision to buy a house- now what? I get calls often from new clients, friends and family that want to purchase a home but have no idea where to begin. I walk you from the first step through the finish line on your home buying journey. By calling me, you have already taken your first step.

STEP ONE: (after calling me) Get pre-approved to know your buying power

Interview & choose a mortgage lender that will review your financials and help you establish a home shopping budget. Your pre-approval letter is your golden ticket to purchasing a home- it shows the seller that you are an able buyer, which is necessary in a competitive market. - I have a list of trusted local lenders if you do not already have a loan specialist.

STEP TWO: Create your wish list

With your established budget in mind, focus on creating a wish list. What are some deal breakers- the must haves? Write 5-10 things that are important to you - 5 that are “must haves” and 5 that are “dream home”. Consider the following when making your list;

location/neighborhood

SQFT of home & property size

# of Bedrooms & Bathrooms

Nearby Amenities

Commute to work

Fixer or Move in ready

STEP THREE: Home Tours

You may have already scoured listings on real estate sites and have a feel for what is available. With your loan pre-approval, it is time we tour your favorites and discuss further criteria to narrow down the search and get you in the right home,. There are two ways we can tour homes;

Private showing- a scheduled appointment that I confirm with the seller in order to show you the home and property privately. The more you are available for touring in a competitive market, the better.

Open House- The listing agent will sometimes hold an open house for the public with no appointment needed- this is a great way to drop in at your leisure.

STEP FOUR: Writing an offer - Key components

We have found a home that you see yourself making memories in and you are ready to write an offer. Congratulations! This is an exciting step! When writing an offer there are many terms and contingencies you should consider;

Purchase price

Closing date

Amount of earnest money

Offer expiration date

included/excluded items

Financing contingency

Inspection contingency

Plus, any other terms & contingencies needed depending on the property (Blog post coming soon about important offer components)

BUYER TIP: In a competitive market, you may be competing against other offers- write your best offer- don’t be afraid to be aggressive.

HOW THE SELLER CAN RESPOND:

Once your offer is submitted to the seller, they will review it and can respond in one of three ways:

Response #1: Seller can accept your offer as written = MUTUAL ACCEPTANCE

Response #2: Seller can present a counter-offer to you to review- you may accept, reject or offer another counter until an agreement is reached.

Response #3: Seller can reject your offer

When you are ready to take the first step toward purchasing a home, call me at (360) 621-8698 and I will get you started in the right direction!

#realestate #homebuying #buyingahome #buyershandbook #stepstowardbuying #realtor

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Meet your local Kitsap Broker

ERICA TUDELA,

Managing Broker / REALTOR

Meet Erica Tudela, a Broker at Infinity Real Estate! Being raised in the Pacific Northwest in a real estate family, she is a natural and specializes in residential sales. She has transformed her childhood interest into a successful career, with a true passion that her clients can benefit from. She holds the utmost importance in our core values and shares the same high standards for ethics, honesty, and integrity. Offering the highest level of service is crucial for Erica and achieves this with her in-depth analysis of your needs, wants, and by determining and setting realistic goals. Client education is something Erica strongly believes in, not only will she assist you through the buying process, but also teach you the process and ensure you have the understanding in order to make the best decision possible to fulfill your real estate goals.

(360) 621-8698

erica@infinityrewa.com

CONTACT ERICA

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