The process of buying a home is an extensive procedure that includes a lot of paperwork and inspections. It can seem like a whirlwind of emotion, but once it’s over, you’ll officially be a homeowner and have a place to call your own.
What is a seller’s agent duties?
One of the most important decisions you’ll make in the home-buying process is selecting your dream house. You’ll want to consider your lifestyle, home improvement goals, and budget before you start shopping.
Ultimately, you’ll want to look for a house that meets all your criteria and doesn’t have any major structural defects. You also want to find a house that’s in your price range and has a monthly mortgage payment you can afford.
Once you’ve found a home that’s right for you, your agent will help you write an offer. This is a legally binding contract between you and the seller.
You’ll need to provide an earnest money deposit along with your offer. The amount can be negotiable, but it’s typically 1 – 3% of the purchase price.
If you’re a first-time buyer, it’s also important to choose a lender that works with your personal situation and offers good financing options. The lender will use your credit score and other factors to determine how much you can borrow.
Once you’ve finalized your financing, it’s time to get the ball rolling on the closing process. Closing costs can be as high as 2% to 3.5% of the home’s purchase price, but you may need to pay other fees, too.