CENTURY 21 AAA North
Are You Ready For Home Ownership?
At CENTURY 21 AAA North we make first time home ownership easy! Our agents are highly trained professionals who will guide you every step of the way. Buying your first home is exciting and a bit scary, but don’t worry, we have you covered. We have established partnerships with industry leaders who can help with any of your real estate needs. Our extensive resources make buying your first home a smooth and easy process.
Are you ready to buy?
If you have a steady employment history for the last two years, a good credit score and a little bit of money stashed away, it might be time to think about purchasing a home. Home ownership offers many financial benefits over renting, so start investing in yourself with the purchase of your first home.
How much can you afford?
The first step to home ownership is speaking with a reputable lender to find out what your ideal price range will be and what type of mortgage best fits your needs. We are happy to refer you to a professional mortgage lender if you need one. It is important to get qualified for your new home purchase so our agents can help you find the right home in the right price range. You’ll be asked by the lender to provide items such as recent tax returns, bank statement and current pay stubs, which will help the lender determine the amount and type of financing you will need. Once you are qualified for financing, it’s time to start looking for the perfect home.
What type of property interests you?
Our CENTURY 21 AAA North agents take the time to get to know you and your real estate needs. By asking all the right questions, they will find out what is important to you in a home. Your agent will be your home-finding partner and will make sure they understand what area you want to live, how many bedrooms and bathrooms you may need, what school district you would like to be in and all the other unlimited possibilities that add up to your perfect home.
We Can Help
Where do you begin?
When you are ready to get started it’s as easy as contacting us here. You will be paired with a real estate specialist in your area from one of our four offices. Your agent will discuss your real estate needs and establish a game plan to help get you started. Once you and your agent have determined your lending needs, price range and the type of homes you like, it's time to find your dream home. You can set up your own personal searches on our website here. Your agent will also set you up with an auto-search. This will send active listings of homes that meet your search criteria as they come on the market, directly to your email, in real-time.
Once you pick out properties your CENTURY 21 AAA North agent will schedule showings for you to view the homes. It usually takes anywhere from 20 - 60 minutes to look at a home, so plan accordingly, especially if you are seeing several houses. You’ll want to see inside and outside the home, check out the basement, garage and the entire yard so dress comfortably for the current weather conditions.
You’ve found the perfect home! Now what?
Your CENTURY 21 AAA North agent will initiate an offer to purchase. The purchase agreement will list the name of the real estate agencies involved, the property address, the price you are offering, what type of financing you’ll be getting, a clause for a home inspection, a contingency for financing, as well as all the details that are necessary to complete the agreement. You will receive a copy of the seller’s disclosure and lead-based paint disclosure. Your agent will make sure you have all the documents needed to make your offer. You will also be asked for an earnest money deposit, that will be held until your offer is accepted. Once the offer is complete, your agent will contact the listing agent and negotiate the offer for you.The seller may accept the offer you have given, or they may write a counter-offer back to you. Once the negotiating of the offer is complete, you’ll be ready to move forward with the next steps!
The Home Inspection
After the purchase agreement is signed by all parties it will be time to schedule your home inspection. Your CENTURY 21 AAA North agent can offer you the names of several inspection companies to choose from or you can choose your own. You will pay for your inspection and prices usually range from $200 - $500, depending on the size of the house and its amenities. Your agent will attend the inspection with you. The home inspector will check for signs of harmful materials like asbestos, lead paint and mold. They'll also check for evidence of pests, faulty wiring and leaks. This is a crucial part of the home purchase. For your protection get a home inspection!
The Mortgage Application/Appraisal
Once your home inspection is complete, it’s time to call your lender and officially apply for your loan. Remember to provide them with all the documents they ask for as quickly as you can. They will also order an appraisal on the home to make sure that the price you are paying is fair market value.
So you’ve done the inspection, applied for the loan and the appraisal has been ordered. Now comes the wait. The lender will be busy getting your loan papers ready, while waiting for the appraisal to be done. There are plenty of things going on behind the scenes to make your purchase a reality, even if it seems like nothing is happening! Now is a good time to start thinking of decorating ideas and landscape plans. Pinterest will be your new BFF.
We have “clear to close!”. Those are the wonderful words you've been waiting to hear. They mean that every moving part in the home buying process is complete and you should be able to finalize your purchase within the next few days. Your CENTURY 21 AAA North agent with let you know all the details of the closing process. The closing lasts about an hour and once it is complete you will join the ranks of CENTURY 21 AAA North happy homeowners!
Contact us for more information about first time home purchasing.