Real Estate Information Archive

That seems to be a common question among first time home buyers and even repeat buyers that have been out of the market for a while.  It sounds relatively easy…see a house that you like (one that is for sale), make an offer, sign the papers and wala! You’ve bought a home! While it’s not difficult, there is a little more to it than that. We understand the fear and anxiety that come with the unknown, so we have designed the home buying process below in hopes that it will guide and help you better understand the process.

1. Meet with a financial consultant to get pre-qualified for a mortgage.
2. Agent consultation (analyze your needs & establish a working relationship)
3. View properties and find your dream home
4. Write an offer ( purchase agreement)
   1. Earnest money (deposit)
5. Acceptance of Purchase agreement
   1. Home Inspection
6. Mortgage appraisal
   1. Lender pulls credit report
   2. Lender orders appraisal
   3. Lender verifies employment, etc.
7. Loan goes  to underwriting
8. Receive final loan approval
9. Title company
   1. Attorney examines title & survey
10. Review final figures with Realtor
11. Final home walk-through with Realtor
12. Closing at title company
13. Keys to your new home

Before starting your home search in the Prairieville or Baton Rouge area here are 5 great reasons to contact a mortgage broker to get pre-approved.

1. You will know in advance what your payments will be.
2. You won't waste your time considering homes you cannot afford.
3. You can select the best loan package that suits your needs without being under pressure.
4. Sellers will find your offer to purchase more favorable if they know in advance of your ability to secure financing. This will make your offer more competitive if you are in competition with other offers.
5. Peace of mind.

As a buyer, you are in constant competition with all of the other buyers who are looking to buy a home. There is a big difference in the level of expertise and quality of service provided by Realtors. Give yourself the advantage of working with the very best...work with ReMax Excellent Properties and get all the expertise and value added services that will make a huge difference in your home buying experience.

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