Buying a Home, Your Biggest and Best Investment
Whether you are a first time home buyer or have bought and sold several properties, the process can be daunting, in part because it is probably the biggest financial committment you'll ever make. It's not just a dollar-and-cents investment, it will create a sense of stability and identity for you and your family. It's an investment in your life.
To assist you in the process, The Morris Realty Team has prepared this home buying guide with a step-by-step overview of the home buying process. Please visit often to find all the information you need to understand each step. Let us take the worry out of the process and give you the peace of mind that comes from working with reputable professionals.
Step 1. Personal Finances
• Developing A Financial Plan
• Save For A Down Payment
• The Importance Of Your Credit Score
• How Are Your Credit Scores Determined?
Step 2. Obtaining a Mortgage
• How Much Home Can You Afford?
• How Large Of A Loan Can You Be Approved For?
• What A Lender Needs From You
• Mortgage Terms
• Loan Costs
• Lender-Required Costs
• Comparing Loan Costs
• What Does A Mortgage Payment Include?
Step 3. House Hunting
• Establish Your Criteria
• House Hunting Tips
• Compare Homes
Step 4. From Offer to Contract
• Making An Offer
• How An Offer Becomes A Contract
Step 5. Fulfill Contractural Obligations
• Home Inspections
• Complete Loan Package
• Homeowner's Insurance
Step 6. Closing/Settlement
• What Not To Forget On A Final Walk-Through
• Closing Terminology
• What Happens At Closing
• What Are Closing Costs?
• Items To Bring To Settlement
Step 7. Move and get to know Northern Virginia
• Moving Checklist (Including Utility Contacts)
• Getting Situated
Find the Morris Realty Team on:
Dwight and Murielle Morris
