I am sure when it comes to home buying, for you first time home Buyers, you are excited and you are nervous. Lots of questions are moving in your mind. Lets briefly go through the common steps together.
First thing you should start with is going to your bank and get a pre-approval for a mortgage.
You must seek the help of a professional real estate agent. Your first job is searching and finding the right one.
You must have two to three hours long meeting with your agent. In this meeting you will give information about what you want, what is your plan, your family and your financial status. The agent will listen to all these ideas you have built in your mind before. Then the agent will start advising you by going through all the steps, one by one, and finding the right and the best solution for your situation in your criteria. I bit this meeting is changing a lots of ideas and information you previously had.
One of common questions that a first time Buyer asks is, how many houses we must see in order to get the one we want. Some think as you see more you have more chance of finding the right one.
I do not agree with this. When you spent two to three hours time in the beginning with your agent, at that time your agent would know how to find the right properties and eliminate the ones that are not suitable for you. So a serious, motivated Buyer will buy within two to three weeks.
Now, lets say you found the right property and you ask your agent to prepare an offer for you. Before preparing the offer, the agent must give a report to show how much is the value of the property. According to that report you will decide how much would be the value. The offer is a written request to buy the property from the Seller. In this written request you can offer whatever is suitable to you. Do not forget you should not be unreasonable.
Important and common points in an offer is the price, the deposit, the closing date which is the date you would get the key of the property and officially you become the owner, conditions and anything extra that comes with the property.
Your agent will negotiate the property behalf of you and with the mutual agreement of both parties, the Seller and the Buyer, now the offer is accepted.
Deposit is part of your down payment that you must have the money in your account at the time of delivering the offer. Usually is delivered to the Seller’s agent when the offer is accepted. Normally the deposit is 5% of the purchase price. You must deliver rest of the down payment to your real estate lawyer few days before closing date.
You will choose a closing date that is suitable to your situation. It could change at the time of negotiation with the Seller if there is a mutual agreement.
According to each case you could have conditions like financing, inspection, status reports, insurance, and many others which your agent will guide you through it. You must be careful when you choose the wording of the conditions. Ask your agent to read and explain each of them too you.
These conditions would have a dead line to be waived by you. After waiving the conditions your agent must guide you for anything you might need to do before closing.
Your mortgage documents would go to your lawyer. Note that the Buyer’s lawyer becomes the bank lawyer first and they must protect banks interest. You would need to sign the documents either in the bank or at your lawyer’s office before your closing.
The money that you are borrowing from your financial institute also will be sent to your lawyer’s office few days before closing. Your lawyer will deliver the money to the Seller’s lawyer and get the key and also will register your name as the new owner of the property in the registry office.
Congratulations! You have the key and you are the owner 
Please note the above case is a no headache, very easy scenario.
Are you interested in buying a home in a different area?Please click on the area on the below map and send a listing request. So that we will send you the most recent for sale homes in this area:
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