Home Buying Guide
Find a Realtor®: Search online for a local Realtor® or talk to your friends and family to see if they can refer someone they trust.
Get pre-approved. Find a lender you want to work with and find out how much home you can afford.
Find a home: Team Stafford can help you find an existing home or assist you in having a builder build you a new one.
Make an offer: Team Stafford will help you negotiate the best price for your new home and write up a contract to buy the home.
Offer accepted: Arrive at a mutually agreed upon price with the home seller.
Get a home inspection: After you select a home and your offer is accepted you should hire a licensed home inspector. Team Stafford can recommend a licensed home inspector that will check the property you want to buy for potential problems. The inspector will check the roof, plumbing, electrical systems, appliances, etc. They will make recommendations for repairs that you can ask the seller to fix prior to closing. If the inspector finds a serious issue with the home that you can not live with, you can generally stop your purchase of the home (if you wrote it into the contract). A home inspection is not required; it is only to protect you from buying a home with issues you may not be aware of. You must pay the home inspector for their services out of pocket.
Get an appraisal: If you finance your home an appraisal will be required by the bank. Your lender will hire an appraiser to determine the value of the home you want to purchase. The appraiser sometimes finds issues with the home that must be fixed prior to closing. The home should appraise for an amount equal to or greater than your offer. If it does not appraise for the amount you offered to buy the house for, you can ask the seller to lower the price or pay the difference out of pocket. You cannot choose your own appraiser, but will have to pay for it out of pocket.
Shop for homeowners insurance: Homeowners insurance is required when you finance a home. It protects your home from fire, vandalism, theft, and flooding. Just like any other insurance, rates fluctuate from company to company so it’s important to shop around. Many companies offer discounts for having multiple policies such as home and auto. Homeowners insurance can be paid for out of pocket or set up as part of your monthly mortgage payment.
Close on your new home: After all these steps, you are ready to close on your new home and GET YOUR NEW KEY!
MOVE IN and ENJOY!
Thinking of Moving?
If you or someone you know is considering making a move, contact Team Stafford of Crye-Leike Realtors today. Team Stafford can assist you in finding the home that fits your needs anywhere in Desoto County. Whether its Horn Lake, Hernando, Nesbit, Southaven, Olive Branch, Walls or any other area of North Mississippi, Team Stafford can assist you with your real estate needs. We can help you buy your next home and sell your current one too. Call us today. Start Packing Tomorrow!