Buyer's Guide - Page 4

Buying a home, step by step If you are like most people, buying a home represents your single biggest investment – and your largest liability. So, it is not surprising that the buying process can be one of the most exhilarating but sometimes stressful experiences you undergo. This may be true whether you have bought many homes or you are looking to buy your first, or whether you are in the market for an investment property or that perfect weekend getaway. There are many factors to consider and many decisions to make. That is why, when buying, it is crucial for you to have all the available resources necessary to make a well-informed decision. When you enlist the help of one of Houlihan & O’Malley’s trusted real estate professionals you can feel confident that you will receive the right advice during each step of the buying process. 1. Define your goals/research your options/make your plans Before making your purchase, educate and prepare yourself as much as possible in advance. Determine what kind of home you are looking for, in which community, and why. And because buying and financing a home are so closely related, examine your current financial situation and project realistically how much you can afford. Then you will be in a better position to research your housing and financial options, as well as create an action plan and timeline for moving forward. 2. Contact a Houlihan & O’Malley real estate professional With all the unique opportunities and potential pitfalls that the current market presents, it is really important for you to contact Houlihan & O’Malley. Our knowledgeable, professional agents will guide you through the property search, financing, negotiation, and transaction process. 4 3. Get pre-approved for a loan 4. Do a search Generally, it is recommended that you get pre-approved for a loan before you star