Buying a home can be a confusing and stressful time for many people, but following a few easy steps can help to simplify and streamline the process. Likewise, working with an agent at First Rank Realty will help make everything as quick and painless as possible. Get in touch with our team today to learn more about MD real estate as well as available homes for sale in the Baltimore area.
Before you plan on buying a home, the first thing you need to do is make sure you can qualify for a loan and determine how much money you will need to pay out of pocket.
Most of our clients start out by going to their local neighborhood banker to discuss buying a home. A loan officer will discuss your needs, pull your credit and advise you of how much home you may qualify for as well as how much out of pocket expenses you should expect to incur. Once you receive a pre-approval letter, our agents can meet with you to review the letter, discuss your concerns and requirements and advise you on any down payment assistance programs and available properties for sale. Our agents can also refer you to alternative lender’s to contact to weigh your options and decide what is the best financial situation for you. It is always advisable to get more than one pre-approval as the difference in interest rates among lenders and programs can mean a major savings to the end borrower.
Once you decide on a lender, any down payment assistance or other required programs and ensure you have the required down payment in your account, it is time to shop for the home. This is a very time consuming process. Our agents will send you numerous listings to review that meet your requested criteria and you can also visit the office to use our in house computers. If you’re looking for brokers or real estate agents in Baltimore, MD, we have extensive experience in these areas. This puts us in a great position to offer you advice on the different neighborhoods and the types of properties that can be found in each.
Our team would be honored to help you find your family’s next home.
Once you find a few homes that meet your criteria, a licensed agent will take you to view the homes. When you have found the perfect home in the perfect neighborhood, it will be time to make an offer. Crafting a solid offer is both an art and a science. With a comparative market analysis, we will help you determine whether or not the home is priced right. Other factors to consider include how long the property has been on the market, what the current market conditions are, and what the seller’s motivation for selling is. We’ll go through everything carefully with you and help you position your offer so it’s the most attractive one on the table.
Lastly, our agents will review a sample closing statement with you and be at closing to ensure the process is seamless and you understand the steps involved. It would be an honor to help you find the home of your dreams. Call First Rank Realty today!