How To Buy A Home: Step-By-Step Guide

When I represent a buyer, my goal is always to help you accomplish yours. I believe my purpose is to both help you find a great home as well as educate you about the home buying process and along the way to help ensure you are making the best decision for you and your family. You will receive my full attention, honest and expert counsel, and access to top industry professionals, such as attorneys, lenders, and home inspectors, whether you are buying a $100,000 co-op or a $5 million home. For most of us, buying a home is the most expensive purchase we will ever make, so I want you to get your desired home and get it at an excellent price. I will go the extra mile for you as I do for all my clients, including helping you find homeowner’s insurance, movers and storage, and even dropping off a meal to you on moving day! To read reviews I have received from past clients please go here: Testimonials.

In order to provide you more information about the home buying process, I am currently building out a step-by-step video home buying home guide. You can check here weekly for a new blog post. If you want to be notified of when new videos in this series come out or other real estate videos that I post (3 weekly), you can directly subscribe to my YouTube Channel at Justin’s YouTube Channel.

Home Buying Process:

For our first video in the how to buy a home series, we focus on hiring your real estate professional. Buying a Home can be a lengthy, complex process, so you definitely want a professional that serves as your point person and that will properly represent you every step of the way as you buy a home.

It takes a village when buying a house, especially when you are buying a home for the first time! In this video, we cover the real estate service providers you will typically need on your home buying team.

If you do not have the cash on hand to buy a house outright (or prefer to finance your purchase), you will need get a pre-approval in the beginning of your home buying process. In this video, we give an overview of what a pre-approval is and why it is a key step in accomplishing your 2020 real estate goal of buying a home. 

Showings are an essential part of your home hunt, especially if you are buying a home for the first time. In this video, we go over 7 tips for viewing homes to allow you to be as competitive as possible during your home buying process.

An offer to purchase is the first, formal step in the home buying process. Attractive, powerful purchase offers are the best way to secure an accepted offer for the home you want. In this video, we cover the two major components of offers: price and terms. Price refers to the amount you are offering to pay when buying a house. Terms are the specific details regarding how you plan to go about buying a house.

We are currently in a very competitive seller’s market, so there are bidding wars for many homes. Highest and best means that a seller has received multiple offers on their home, so now they are asking all interested parties to submit an offer with their highest price and best terms. In this video, we cover tips for how to make your offer stand out in a highest and best situation, especially if you are a first time home buyer.

Your home inspector is an integral part of your real estate dream team. They will conduct a home inspection of the home you are buying to determine its structural condition, health and safety issues, and, ideally, help you budget for future maintenance. Your inspection is a key part of the home buying process, so you definitely want to have a great inspector working for you.

Your home inspection can be a make or break moment when buying a home. Your home inspector will take the lead here as they conduct a thorough home inspection of the house you are buying determine its structural condition, health and safety issues, and, ideally, help you budget for future maintenance. In this video, we go over what you can expect on the day of the inspection as well as tips you can follow to help ensure your inspection goes as smoothly as possible.

After the conclusion of the inspection, the inspector should quickly provide us with a house inspection report. This report will let us know what issues exist in the home and then we can determine what items we want to ask that the seller address. In this video, we go over tips you can use to negotiate for repairs after the inspection to help ensure that we can continue on our “how to buy a home” journey without a major setback or lingering item of concern.

It’s finally time for our contract signing and down payment!! Your NYC Real estate attorney will explain the contract and disclosure forms to you in detail. If you have any questions at all regarding the contract (or how to buy a home in general moving forward), you should definitely ask your attorney now.

After the bank receives the fully executed contract of sale, they will begin the mortgage loan application process. You will need to complete and submit a formal loan application and provide supporting documents (to, amongst other things, verify your employment), which the bank will use to initiate the mortgage application process.

Your loan estimate tells you important details about the mortgage loan you have requested. In this video, we go over what information is covered in your loan estimate, why you should review it, and what additional mortgage questions for your lender it may lead you to ask. If you have any specific loan estimate questions, you should speak with your lender for more information.

Episode 13: Coming Soon

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