The Home Buying Process

Dated: January 7 2018

Views: 835

Image title

  1. Meet with a real estate professional: Discuss the type of home you're looking for, including style, price, and location.

  2. The Buyer's Advantage: As the home buyer, your agent's commission is paid by the seller of the home in almost all circumstances. This means your representation costs you nothing!

  3. Get Pre-Approved: You will need pay stubs, W2s, and bank statements. Knowing what you can afford is critical to a successful home shopping experienceImage title

  4. Search for Homes: The fun part! Your agent will schedule showings and help you find the perfect home.

  5. Advanced Search: Not all real estate websites are the same. Your real estate professional has tools and systems to ensure you see every available home that meets your criteria.

  6. Make an Offer: Your agent will prepare your offer based on the price and terms you choose.

  7. Negotiation and Contract: It may take a few tries to get it just right, but hang in there. You're on your way!

  8. The Contract: In most cases the contract provides you with a timeline to obtain financing as well as time to inspect the physical condition of the home. Your real estate professional will inform you of all your rights and responsibilities related to the contract.                                                                                                                                                                                                                                                                                                                                                                                                                                                         

  9. Under Contract or In Escrow: You and the seller have agreed to the price and terms. The home is effectively held for you until closing.

  10. Final Details: Perform due diligence, order the appraisal, conduct an inspection, and review terms with the lender.

  11. Preparing for Closing: You will be finalizing your loan, reviewing documents, and discussing the findings from the inspection. Your agent will manage this entire process for you.

  12. Closing: This is the transfer of funds and ownership. A title company or an attorney typically acts as an independent third party to facilitate the closing.



Ted M. Daigle

337-945-6763

Image title



Aimia “MiMi” Doucet  ׀  Branch Manager ׀ GMFS Mortgage

1728 West University Ave  |  Lafayette, LA 70506

Cell: 337.257.4999  |  Office: 337.456.3580 

Fax: 888.215.3011 |NMLS # 128546

adoucet@gmfslending.com  

https://gmfsmortgage.com/loan-officers/aimia-doucet/


 


Image title

Blog author image

Ted Daigle

About Ted Daigle – Realtor Growing up in Church Point, LA instilled values of hard work and dedication, which has carried over into every aspect of his life, including real estate. This Lafayette r....

Latest Blog Posts

Homes Coming Soon and Just listed in Acadiana

44 Listings Coming Soon  - Click

Read More

Inexpensive Ways to Beautify Your Bathroom

Inexpensive Ways to Beautify Your BathroomThere are inexpensive ways to make your bathroom more beautiful even if you can't afford a full remodeling. These are some ideas for getting a new look on a

Read More

Protect Your Family Home From Pet Damage

Protect Your Home From Pet DamagePets bring so much joy to our lives, but over time they can also cause a lot of damage around the home. Even the most well-behaved pets can create some mischief

Read More

Why Am I Being Asked to Make Repairs?

Why Am I Being Asked to Make Repairs?Most people eager to sell their home in Acadiana want to do so as is, with as little effort involved as possible. However, if you are in any way handy with home

Read More