So you’re searching for the right property, but where do you start with the house buying process? Here at Major Financial Services, it’s our job to help advise you on exactly that.
Determine your budget: Before you start looking for a house, you should determine how much you can afford to spend. This will depend on factors such as your income, expenses, credit score, and down payment.
Get pre-approved for a mortgage: Getting pre-approved for a mortgage will help you determine how much you can afford to borrow, and it will also give you an advantage when making an offer on a house.
Find an Estate Agent: An Estate Agent can help you find houses that meet your criteria, negotiate with the seller, and guide you through the process.
Search for houses: Once you have your budget and your Estate Agent, you can start looking for houses that meet your criteria. You can search online, attend open houses, and visit properties with your Estate Agent.
Make an offer: When you find a house you can make an offer to the seller. Your Estate Agent can help you draft the offer, which will include the purchase price, any contingencies, deposit amount details and a pre-approved mortgage in principle.
Once an offer has been agreed with the seller, all mortgage details will be handled by our Advisers.
Inspection of the property: Once your offer is accepted, you will typically arrange a survey to inspect the property and to ensure there are no major issues. If any issues are found, you can negotiate with the seller to either have them fixed or adjust the purchase price.
Move to mortgage completion: Once any contingencies have been met, you can proceed to closing. This is where you sign the final paperwork, pay any closing costs, and take ownership of the property.
Move in: Finally, you can move into your new home! Be sure to change your address, set up utilities, and take care of any other tasks associated with moving.
It's important to keep in mind that the house buying process can be complex and there may be additional steps or requirements depending on the location and type of property. It's always a good idea to work with an Estate Agent who can guide you through the process and ensure a smooth transaction. Ready to take the first step towards your dream home? Contact Major Financial Services today and let us help you navigate the house buying process. Our expert Advisers and Estate Agents are here to provide personalised advice and guidance every step of the way. Don't wait any longer, start your home-buying journey today!
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