Buying a house can be a long, drawn-out process that takes many months to go through. Once you’ve looked at properties and found the one you want, follow these steps to make it your own.
1. Negotiate a Price
If you find a house that checks all of the required boxes, you should consider making an offer on it right away. Depending on home sales in your area and the asking price, you may have some room for negotiation when it comes to how much you offer. However, you should be prepared with a maximum amount you’re willing to pay for the house when you make an initial offer in case there are multiple offers presented.
2. Get Qualified for a Loan
Some home shoppers wait to get started with the mortgage process. However, with houses selling quickly, it’s a good idea to have a prequalification letter when you start shopping. In addition to giving assurances to sellers, it can help you narrow down a target price range for your purchase. Keep in mind that it can take anywhere from a few days to months to go through the entire mortgage process, so you don’t want to wait too long to get started.
3. Order Inspections
Even if the house you found is absolutely perfect on the surface, there could be hidden factors that turn it into a perpetual nightmare. That is why you should always have a comprehensive inspection performed.
Start with a structural inspection to assess the foundation, roof and major home systems. This should cover the electrical, plumbing and septic systems. Because of potential health concerns, you should also have the indoor air quality tested. A mold inspection Portland can tell you if there are any toxic spores that need to be addressed before you move forward with your purchase.
Finding the right house is just the first step in buying your dream home. You will also need to negotiate a price, get a mortgage ad make sure the house passes inspection before removing forward with the purchase.