COME SEE WHERE HOME COULD BE!
Secure Financing if Needed:
- Contact your mortgage broker or lender if needed
- Have your attorney conduct a title search to ensure there are no clouds on the title
- Make sure you understand the financing terms - ask the lender for clarification, if needed.
- Acquire title insurance.
- Keep your credit score stable and in-check by waiting to purchase any big-ticket items until AFTER the closing
- Get homeowner's insurance quotes
Closing and After:
- Do a final inspection of the home you are buying on the day before or day of closing.
- Be sure you understand what funds are needed for closing day and how you should bring them, (i.e. Cashier or bank check, made out to who, how much, etc.)
- Ensure your homeowner's insurance (flood, disaster and fire if special policies are needed) are in place for day of closing, be sure your lender has the insurance binder.
- Set up utilities to be in your name and turned on for your day of closing if you plan to move right in.
- Keep original closing documents in a safer place, preferably outside the home (such as a safety deposit box).
- Move in - get to know your neighbors and explore your new neighborhood.
- If you're happy with the work of your real estate professional, be sure to recommend them to friends and family.
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The Home Buying process:
Buying a home can be a long and challenging process, but if you know the steps to take, prepare in advance, and work with a Realtor® that knows the local market, the process can be much less stressful and your chances of success much greater.
Steps to take BEFORE you start shopping for a home:
- Build a good credit history
- Get mortgage pre-approval (unless you are a cash buyer)
- Find out what type of mortgages you qualify for
- Save up for a down payment (typically 10-20% of the property's value; if FHA-qualified, then possibly less)
- Consider closing costs which can include taxes, attorney's fees and transfer fees
- Consider utilities and monthly bills, such as homeowner's associations if applicable
Find the right Realtor®:
- Use the Contact Uspage to drop us an email or call to set up an appointment to meet with one of our Realtors®
- Decide if you want representation. You can be an unrepresented Customer or a Client of a Realtor®. Your agent will explain these options in person when you meet. Click here to download a copy of The Vermont Real Estate Commission Mandatory Consumer Disclosure.
- Determine what is important to you, such as particular schools, neighborhood amenities, monthly mortgage payment, public transportation, walkability, etc. and discuss these needs with the Realtor® you will be working with.
Find the Right Property:
- Look at properties that match your needs/wants and are within the price range you are can afford.
- Place a competitive bid and be prepared to make a counter-offer. Make your offer contingent upon title clearance and any other terms you may need like financing, sale of your current home, etc.
- Consider hiring an attorney to review all contracts and agreements associated with the home buying process
- Read all contracts before signing - make sure you understand all terms, ask questions.
- Remember, only one offer will result in a sale, so be prepared to move on if your offer is not accepted or you can't come to agreeable terms.
- Arrange for a home inspection by a licensed home inspector as well as any other tests, such as water quality, radon, and septic inspections as needed.
Agency Relationship Disclosure to Prospective Buyers:
The properties that I send you are listed properties with my office or other MLS real estate offices. Unless you and I enter into a Buyer/Broker Right to Represent Agreement, I will be an agent for the seller in any transaction and the seller will compensate me at closing.
Click here to download a copy of:
The Vermont Real Estate Commission Mandatory Consumer Disclosure.