Buy A Home

Looking for Homes for Sale?   Buying a home is one of the largest investments you will ever make, and you are not just buying a house – this is a home.  The North Texas Top Team, Realtors have the experience that you can rely on to help you make the right decision.  Below are the steps that you will take to purchase a home.

BEFORE YOU VIEW HOUSES FOR SALE

Hire a Realtor to represent you through the home buying process.  Complete a Buyer Representation Agreement with your agent.

Buy a house in Plano TX with Coldwell Banker

Contact a mortgage professional and get pre-qualified for a loan.  This process will allow you to determine the correct price range for your budget. Generally, you can afford a home equal in value to between 2-3 times your gross income.

Receive a prequalification letter from the mortgage professional.  This letter will be submitted to the home seller when you find the perfect home.

Determine that you have enough money saved for your down-payment and closing costs (including pre-paid insurance, taxes, title fees, appraisal, and more).

 

FINDING THE RIGHT HOME

Develop a “wish list” of items you would like in your next home. Prioritize those features to better assist you in finding the perfect home.

Determine which neighborhoods or areas of town you are interested in.  Consider the schools, amenities, area expansion, safety, and commuting time.

Talk to your Realtor about creating a customized search for you through the MLS which will automatically email you when a home that fits your needs becomes available.

 

Tour properties for salePERSONAL TOUR OF HOMES

After on-line review of the homes available that meet your needs, narrow the list of possible home choices.  Then schedule appointments to personally tour those  homes that best meet your needs.

As you look at each home, note the specific items you like or don’t like about each property and continue to compare/rank them against each other to narrow down your favorites.

Take good notes.  You will want to refresh your memory about the top 3 home choices at the end of the day.

Determine which home is the best fit for you and your family.

 

MAKING AN OFFER

The North Texas Top Team, Realtors will gather comparable sales data for the home you are planning to buy.  Based on this information, a written offer to purchase the home will be made.  A copy of your pre-qualification letter will be included with this offer.

As your agent, we will negotiate with the home seller on your behalf and help you get the best price possible for your new home.

After both the buyer and seller agree to terms, our agents will “execute” the contract.  The contract is sent to the lender and the title company so that everyone can work to get you moved into your new home.

 

THE NEXT STEPS

Your lender will request supporting documents from you  to finalize your loan.  Providing these documents quickly will ensure your file moves smoothly through the process.  Some documents will be updated just prior to closing, so plan to keep these items together for easy access.

Schedule and attend your home inspection.  Your home inspector will go through your new home and provide you with detailed information and a report showing you any areas of concern.  This is usually done soon after an accepted contract.

If any repairs are needed, we will assist you in negotiating with the home seller & their agent.  We are also happy to provide referrals for contractors as needed (HVAC, plumbing, carpet, paint, handyman, etc).

Choose and order a home warranty.  Your home warranty will protect you and your family during the first 12-months of home ownership for many items that may need future repairs. Your home warranty can be extended annually if desired.

Moving into your new homeChoose your home owner insurance carrier.  We recommend that you contact your agent that provides your auto insurance or life insurance as you may get a multiple policy discount.  We do recommend that you gather more than one rate quote for comparison.

Schedule a moving company and utility services (electric, water, gas, phone, cable, security, etc).

Begin packing.

Schedule a closing date & time.

Attend closing and get the keys to your new home!

 

You may also want to view our page on selling your home as well.