Buying Process

For all you first time homebuyers out there. I thought I'd give you an example of the buying process so you can get a glimpse into what to expect.


1. Be prepared. Begin your process by having an understanding of the type of home you want. Size of home, # of bedrooms, # of bathrooms, size of property just to name a few. Come up with a list of must haves. Example some people must have a garage, others must have a basement. These are things you are not willing to compromise on.

2. Determine how much home you can afford. Speak with a financial adviser, your bank or mortgage broker. Or visit http://www.norwalksrealtor.com/ and there is a mortgage calculator on the website.

3. Begin your initial search using http://www.norwalkstoprealtor.listingbook.com/ It'll allow you to search like a Realtor.

4. Contact a Real Estate Consultant. If you'd like a good one to be referred to you contact me at info@norwalksrealtor.com

5. Become pre-approved. When you previously spoke with a mortgage consultant, you were given an idea what you could afford. Now follow up with them, and ask them to provide you with a pre-approval.

6. With pre-approval in hand, start going to see properties with your real estate consultant.

7. Upon finding one you like, put an offer in. (The offer process will follow in a future blog).

8. When an agreement has been reached, you will schedule a property inspection.

9. Inform your mortgage consultant of the accepted offer. Your
consultant will lock in your interest rate and get the paperwork going to get you the mortgage.

10. Contact a Connecticut Real Estate Attorney to partner with you, your real estate advisor, and your mortgage consultant. A real estate attorney will assist in reviewing contracts and protect your legal interests through the rest of the process. If you do not know an Attorney, contact me at info@norwalksrealtor.com and I will provide you with a quality referral.

11. Near closing, your Real Estate Advisor will schedule a final walk-through of the property. At closing, you will be accompanied by your attorney and your real estate advisor. In some instances, the lender may have representation.

12. Congratulations you own a home, and that is the rough process.