Buying a home is a huge investment. It’s a major decision and comes with a hefty price tag. One of the best things you can do is to insure your property and protect your investment. Whether you’re a first time home buyer looking for a new home, we put together essential tips when starting the home buying process.
Start By Online Shopping
No, you can’t toss a house in your Amazon cart and have it delivered in two days. But, you can browse real estate websites to check out listings and get an idea of what you’re looking for. Keep your search narrowed down to homes within your budget. Many homes offer virtual walkthroughs of the home, which can be a great tool.
Connect With a Real Estate Agent
Real estate agents are experts and will know the homes in the area. They may even know of homes that aren’t listed on any website yet. Agents can help you in your search and set up showings with sellers.
Get Pre-Approved for a Mortgage
In a housing market as competitive as Omaha’s, it’s important to get pre-approved for a mortgage before you make an offer on a house. This lets the seller know you’re a qualified buyer. The pre-approval process is also helpful in understanding how much you can afford. Knowing what you qualify for will help determine your budget.
Find a Home
House hunting can be a fun part of the homebuying process. Touring homes is essentially a process of elimination. You will walk through some houses that you thought you’d love based on the listing photos, but don’t feel quite right when you get inside. You may have to compromise on some features of a new home, such as finishes, but try to buy a house based on your needs now and in the future.
Make an Offer
Found the one? Now is the time to make your offer to the seller. Your real estate agent will walk you through this process and handle all of the paperwork. The seller can either accept or reject your offer, or submit a counter offer.
Get an Inspection
Once an offer is accepted, it’s time for a home inspection. A licensed home inspector will check the home for needed repairs and structural soundness. Buyers are often encouraged to attend the home inspection so that they can ask the inspector questions.
Get Insurance for Your New Home
If the home inspection went well and you’re moving forward on your new home, the next step is to have insurance before closing. Aksarben Insurance is able to get you homeowners insurance and get you the coverage you need to protect your property.
Sign and Close
You’ve made it to the last step in the home buying process! While you might have to sign a mountain of paperwork to make it official, nothing beats the feeling of turning the key to your new home!