Thinking about buying a home? You have great timing! With low interest rates and a good selection of memorable homes, it’s an excellent time to get into the real estate market. People are buying and homes are selling!

As you move toward buying a new home, you’ll need a game plan. Follow these steps to get off to the best possible start.

PICK A PROFESSIONAL

Buying a home is likely the biggest investment you will ever make. So when you’re ready to make a move – whether it’s buying a new home in a different neighborhood or relocating your family to the Capital Region – you’ll want a trusted, experienced partner like Garry Packer to guide you through the home buying process.

Choosing an agent to represent you is a critical decision. Garry Packer is one of the most professional, highly trained agent in the region. Finding your dream home is really just the first step in the process. Your agent will help negotiate the best possible terms, deal with purchase agreements, counter-offers, inspections, closing matters and more.

GET PRE-QUALIFIED

Before you start your home search, take this important step: Find out how much home you can afford. Knowing how much you can afford helps you focus your home search and saves you time. To determine your buying power, you need to meet with a mortgage professional.

Getting Pre-approved or Pre-qualified for a home loan is a smart first step. So, what’s the difference?

Getting pre-qualified is a quick and informal process. You supply some basic information about your income and assets. Based only on that information, the lender gives you an idea of how much you can borrow. It is not a guarantee or commitment.

With pre-approval, you work with a lender, who verifies information and guarantees financing. When you’re pre-approved, you can shop with peace of mind.
Your financing is a surer thing, so when you find a home you like, you can move quickly. Pre-approval may give you the competitive edge when negotiating or when a seller receives multiple offers, because sellers tend to favor buyers who have financing in place.

MOVING FORWARD

When you find the home you want to buy, it’s time to move forward. With the help of Garry Packer, you will decide on a reasonable and realistic offer, which will be presented to the seller and their agent.

When it’s accepted, you’ll have to put down a deposit to show that you’re serious about buying. Then you’re officially on the way to owning a new home.

I will work carefully with you during this “due-diligence” process, making sure that you understand all conditions, provisions and obligations of your contract to buy, and will guide you through appraisals, inspections, and more. Remember that I am your advocate and will work closely with your attorney throughout the process. If you don’t understand something, ask.

Once you are through the due-diligence process, the next big step is closing. “Closing” is a word that’s used to describe the official transfer of ownership from seller to buyer. Your closing date is the date you will actually be handed the keys to your new home. Before that happens, you’ll sign mortgage papers. You’ll have some writer’s cramp but it’s a day for celebration – you’re a new homeowner!