We understand that purchasing a home is a major life decision, and it can sometimes feel overwhelming. As your real estate agents, we're dedicated to simplifying the process and making it as smooth as possible for you. We'll be there to guide you through every stage, from finding the perfect property and navigating the complexities of offers and negotiations, to ensuring a successful closing.
We're excited to help you find your dream home and make this experience a positive and rewarding one!
Find a REALTOR®
A good agent can guide you through the process, represent your best interests, and introduce you to specific contacts to make the buying process as smooth as possible.
Get Pre-Approved
If you don't already have a lender, ask your agent! They can introduce you to one that fits your lifestyle. Your lender will check your credit score, DTI ratio, expenses, and savings to determine your budget.
Get pre-approved for a mortgage: This helps you understand how much you can borrow and makes your offer more attractive to sellers.
Find a Home
Start house hunting: Work with your agent to find properties that meet your needs and budget.
Make an Offer
Once you find a property you like, your agent will help you make a formal offer to purchase.
Accepted Contract
If your offer is accepted, you'll need to negotiate the terms of the sale with the seller.
As the buyer, you get to choose which title company you would prefer to close with.
Insurance & Inspections
Buy homeowners insurance: This is a requirement for most mortgages. Your agent can set you up with different insurance agents to find you the best policy.
Get a home inspection: A professional inspection can identify potential problems with the property. The main inspection types are General, Plumbing, and Termite. Your agent can refer you to a variety of inspectors.
Appraisal
The lender will order an appraisal to determine the property's fair market value. If your home does not appraise, now is the time to rework the contract based on the appraisal and inspections.
Secure Financing
The lender will approve your loan and provide you with the funds to purchase the property.
Final Walk Through
Before closing, you'll want to inspect the property one last time to ensure it's in the condition you agreed upon.
Closing Time!
This is the final step in the process, where you sign the paperwork and receive the keys to your new home.
Understand Closing Costs:
Be aware of closing costs, which can include lender fees, title insurance, and other expenses. Factor these costs into your budget.
Don't Skip the Home Inspection:
A professional home inspection can reveal potential issues that could cost you money in the future.
Do Thorough Research:
Research neighborhoods and consider factors like schools, amenities, and commute times. Visit properties at different times of the day to get a feel for the area.
Be Prepared to Act Quickly:
In competitive markets, be prepared to make offers promptly. Have your financial documents ready to avoid delays.
Questions?
504.657.8015
sales@litosdreamhomes.org
985.722.5124
samantha.oneil@compass.com
3001 General De Gaulle Drive
New Orleans, LA 70114
504.362.1823