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Just Ten Easy Steps and
You’re In Your New Home!
Here's a quick look at the steps you'll take when buying your home with a REALTOR®:
1. Contact a REALTOR® to get valuable home buying tips, information on the current housing market and financial advice.
2. Figure out how much home you can afford. Do this by contacting a mortgage consultant.
3. Conduct a preliminary online search of homes available. You may even want to save some of your searches.
4. Apply online for a free pre-approval with a mortgage consultant.
5. Contact and establish a contractual relationship with a REALTOR® to look for a home that meets your needs.
6. Once you find a home that you want to make an offer on, you will sign a purchase agreement and give the seller earnest money to seal the deal. When your offer is accepted (sometimes with contingencies), finalize a date you wish to close.
7. Have your new home inspected to ensure there is nothing seriously wrong with the property and get homeowner’s insurance to protect yourself against any unforeseen calamity. You may also want to check for mold in the home...learn more from the Minnesota Department of Health - www.health.state.mn.us/divs/eh/indoorair/mold/index.html
8. Notify your mortgage consultant that you've found and purchased a property so they can begin the appraisal and title process, and lock in your interest rate. Your mortgage consultant will send you a new good faith estimate, which shows your monthly mortgage payment as well as your estimated cash needed for closing. Your REALTOR®will notify you of the time and date you close on your home and the items you'll need to bring to closing.
9. Notify your phone company, utilities (don't forget water and sewer), moving company, post office, newspaper and magazines, friends and family (see our moving checklist) and change your mailing address. Then make connections to your new home.
10. Pack and move!
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