1
Check Your Credit Report & Score
The higher the score, the better loan you’ll qualify for. But don’t worry, there are mortgages available for almost every credit level.
2
Visit a Loan Officer and Get pre-approved
To prequalify for a mortgage, you’ll need to provide your lender with pay stubs for two months, savings information, and your last two tax returns.
3
Find the right Real Estate Professional
Find a real estate professional with the experience and knowledge to get you through this exciting process.
4
Identify the Neighborhoods
There’s so much information about communities and neighborhoods online today. You can read reviews on schools, get walkability scores and tour local coffee houses so you can know the area before you buy.
5
Search for the Right Home
You’ll see a lot of houses and it can be very overwhelming. Make a list of your ‘must-haves versus those things that would be nice to have. This will help you and your agent zero in on the right homes.
6
Make an Offer on your favorite Home
An experienced real estate professional will know the market in your area and be able to confidently guide you on the right amount to offer a seller once you’ve found a house.
7
Counter or Accept the Offer
Be ready as you may be presented with a counteroffer. Again, you’ll want to work with your real estate professional to accept the counter or negotiate further.
8
Congratulations! You are in Escrow!
Once the offer is accepted, you’ll be in escrow. Escrow opens when a signed agreement is delivered to an escrow officer, who helps to ensure that all conditions of the contract are satisfied.
9
Complete all necessary inspections
This is a crucial step. You’ll want to know about any pre-existing conditions of the house and the cost to fix them. Keep in mind, that a good inspector will list everything that may be of concern. Again, it’s up to you and your agent to determine what is reasonable for the seller to fix.
10
Clear all necessary contingencies
Make sure all closing costs and inspections are complete. You’re almost there!
11
Head to the closing table
Your real estate professional will help you understand the closing process which can be complicated and a little overwhelming. Get your hand ready to sign a lot of paperwork.
12
Get the keys to your new home
Congratulations! You’re now ready to begin the next chapter of your life.
two locations to serve you
San Antonio Office
11535 Galm Rd, STE 101
San Antonio, TX 78254
Live Oak Office
7529 N Loop 1604 E, STE 112
Live Oak, TX 78233
Call Us Today!
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