5 Steps to Buying a Home

Step 1: Defining What You Want
Office Nesbitt Realty
Inside the Consultation Room at Nesbitt Realty
Start by creating a prioritized list of features you want in your home and the reasons why. Use it as your search guide, but remember that depending on your budget and funding, you will probably need to make some compromises. Your Nesbitt Realty real estate professional can you information about communities which fit your criteria. Of course, location is a huge part of any move. If you're new to the area, keep in mind the distance traveled during your commute is not so important as the time traveled. Traffic patterns favor some neighborhoods while some areas regularly suffer with gridlock. You Nesbitt Realty real estate professional can tell you about area amenities, culture and shopping. Step 2: Figuring Out What You Can Afford Now that you have an idea what you'd like, it's time to see how that marries up to what you can afford.Often the preapproval process takes less than an hour, and can be handled over the phone. Your mortgage professional can tell you how much condo you can afford and what your monthly payments would be. Additionally, a pre-approval letter demonstrates to the seller that you can afford to buy their home. When the seller knows you can move quickly, this often gives you more negotiating power. By definition, a pre-approved buyer has an approved mortgage subject to an appraisal of the property. Step 3: Shopping For Homes Once you know what community you'd like to live in and have an idea of how much house you can afford, it's time to start checking out some actual communities. You can beginning this search online and save time since it can help you target homes that meet your search criteria. You can view virtually every property listed by all real estate companies in the area on this web site. It's one way Nesbitt Realty makes home shopping easier for you. We will even notify you by email when properties come on the market that meet your search criteria. Next, begin visiting homes in person. Ask your Nesbitt Realty real estate professional to arrange home showings that are in your target area and price range. If you are not currently working with one of our agents contact Nesbitt Realty at 1 703 765 0300 . We will arrange to have a knowledgeable agent assist you. Step 4: Making An Offer Once you find the home you want, you need to complete a purchase agreement for the house. Typically this is a very difficult and trying time since both buyers and sellers have totally different goals. In most cases it is better to have a third party, such as a Nesbitt Realty real estate professional, negotiate the offer. If you have any personal interaction with the homeowner, don't give out any information about your move, your current housing status, financial status or your feelings about their property - positive or negative. This could hurt you in future negotiations. Step 5: Closing In most cases you will also have the option of a "walk through" within 3 days of the closing. This is your chance to make sure that all of the items that you and the seller have agreed upon meet your satisfaction. Before you arrive at the closing, make sure all the necessary paper work and deposits have been completed. If the mortgage, title work, homeowners insurance and other items necessary are not completed and brought to the closing table, the closing may not happen on time. Once you close, it's official - you own the home.
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For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.
Home Buying, ,

Will Nesbitt

View posts by Will Nesbitt
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey's Defense Language Institute. He is also a "veteran of the dotcom wars" and built most of the sites associated with NesbittRealty.com Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late '90's, and Arthur's Realm, a boardgame available at the Gamecrafter.