Buying A Home

In cities across the U.S., eXp Realty agents are assisting buyers shopping for homes. Agents work with buyers to search all homes for sale, tour until they find the right home, give honest opinions, draft the offer, professionally negotiate the deal, keep everyone updated throughout the transaction, and ultimately present the keys to happy home buyers.

5 Initial Steps Buying A Home

Get Educated

Before finding a lender it’s wise to get educated on the loan process and key factors that will make a loan affordable. Understand the items that contribute to the total cost of securing a loan, including discount points, appraisals, and real estate commissions.

Get Your Finances in Order

Obtain a copy of your credit report, free services are available. Take the time to understand your report and review for any errors. Correcting errors can improve your credit score and result in a better loan and more affordable rates.

Establish a Budget

Create a monthly budget and itemize your recurring expenses. Estimate maintenance costs, taxes, utility bills, homeowners’ association fees. It’s recommended that a mortgage payment shouldn’t exceed 33% of your total monthly gross income.

Get Pre-Approved

Getting in touch with a lender is the best way find out what you qualify for. A loan officer will take your debt to income ratio, run your credit and give you what is known as a Pre-qualification Letter. Once you have been pre-qualified by your loan officer, you can begin to put in offers.

Search For Homes

What city, area, or neighborhood do you want to live in? What style of home and amenities are ideal? Talk with your agent about everything you’re looking for in a home so they can review all options to find a home that you will love.