Step 1:
Choose Sobi Qazi, Realtor in the home-buying process so you feel comfortable working with a professional on what will likely be the largest financial decision of your life. Sobi is flexible to communicate with, has your best interest at heart, and puts you first.
Step 2:
Find a Lender. As your trusted advocate, Sobi will recommend lenders that she has had experience working with and those who are competitive on rates, communicative, and available in evenings or weekends.
Step 3:
Clean up your credit. Now that you have a great lender, you can ask for guidance on any credit score issues you may be facing-small or large problems. The lender can provide guidance to help repair your situation and make sure you’ll be approved for a loan.
Step 4:
Apply for mortgage pre-approval. A lender will help you determine exactly what you can afford and, therefore, which houses you should be considering. To arrive at a purchase price, you’ll factor in expenses like homeowner’s insurance, association dues, and utilities to make sure you can comfortably make your mortgage payments. The lender will then identify the total amount of money to lend you.
Step 5:
Create a home wish list. Start your search with Sobi Qazi, Realtor to find your ideal home. Let Sobi know your few “musts” as well as “wants’ you’d ultimately be willing to compromise on. This will lead into scheduling tours and narrowing down your top options for your new home.
Step 6:
If you like, be sure to put an offer on it! Sobi will walk you through the steps required to make an offer on a home. Your offer will likely include earnest money that will apply toward your down payment on the home and may include contingencies such as getting a home inspector.
Step 7:
Get your final mortgage approval. Once your offer to purchase is accepted, you’ll work with your lender to get final approval for your home purchase by the date specified for the closing. Your lender will update you on your appraisal.
Step 8:
Do your due diligence during the Option Period. Obtain homeowners insurance. Complete house inspection. Have your title commitment and appraisal and flood certification ordered. If there are any hidden problems on your walk-throughs, Sobi will assist in negotiating with the current owner to fix them or take the cost of repair off the closing costs.
Step 9:
Once all of the above steps are completed, you’ll be on your way to the closing table. Along with an attorney or settlement agent, and Sobi Qazi, Realtor by your side at the end to finish every transaction. Plan to sign a ton of paperwork, this is when the deed to the home is transferred from the seller to the buyer.
Step 10: Congratulations, enjoy your new home! After the closing, make three copies of your important documents. Store the originals in a safe-deposit box. You may need to change the locks, update all keypad codes and schedule a deep cleaning. Visit your local schools and be sure to be social with your new neighbors!