10 Steps to Buying a Home in Lillington, Fuquay and the surrounding area

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Steps 1-5 to Home Buying

Steps 6-10 to Home Buying

Thinking of buying a home in the current market? Be sure you know what to expect—whether you're a first-time buyer or experienced buyer. Here are the steps you need to know for buying a home.

Step 1

Figure Out What You Can Afford

Determine what you'll be able to afford in mortgage payments each month, as well as what you can invest initially as a down payment. This handy mortgage calculator can help you estimate your monthly payments.

Keep in mind additional costs like due diligence, earnest money deposit, home inspections, closing costs, homeowners insurance, and taxes will all add to the overall costs. Be sure to check your credit score, and remember that just because you don't have a traditional 20% down payment doesn't mean you can't buy a home!

Step 2

Shop for a Loan and Get Preapproved

Finding a trustworthy lender and determining what type of loan you'll qualify for will help you figure out how much home you can actually afford. Get recommendations, check with the Better Business Bureau, and be sure to talk to at least three or four lenders before making a decision.

Need recommendations for local lenders? Just ask us!

Step 3

Determine the Selling Price of Homes in Your Location

If you have a preferred location or neighborhood, find out the selling price of homes in that area - not just their listing price.

Have a particular neighborhood in the Lillington, Fuquay and the surrounding area you'd like to check? Request your neighborhood sold report here!

Step 4

Find an Agent

Your agent should be someone you know you can trust, an expert on real estate in your area and neighborhood, and very proficient in working with buyers of your experience.

Looking for an agent in the Lillington, Fuquay and the surrounding area? Find out more about our experience and how we can help you buy a home!

Step 5

Find Your Home

This is the fun part, where you get to visit open houses, tour homes, make notes, and find the perfect home! Make sure you keep detailed records of the homes you visit, noting things you liked, didn't like, pros and cons, etc. Be sure to discuss your needs with your agent.

Buying a home in the Lillington, Fuquay and the surrounding area? Start searching for your dream home today!

Step 6

Make an Offer

When you find "the home", you will work with your agent to determine a competitive offering price. Ultimately, what number you chose to offer is up to you. Your agent is here to help guide you through the process, but you have to feel comfortable with the offer price. Remember, there are no deals in this market.

Step 7

Finalize Your Mortgage Approval

You'll work with your chosen lender to submit any additional documents they may need. After submitting the documents, your lender will order the appraisal. Make sure you also ask your lender to review the predicted closing cost with you. Expected closing costs include attorney fees, title insurance, appraisal fees, home inspection fees, courier fees, government recording fees, and taxes.

Step 8

Get an Inspection

Ask your real estate agent to recommend a trusted home inspector to walk through the house and check for any potential defects or problems. If necessary, you can request that the seller repair any issues you find. Be thorough with inspections to ensure there are no surprises.

Step 9

Walk-through and Closing Day

The final walkthrough is the last chance for you, the buyer, to ensure that all repairs are done, and there are no new issues. It also lets agents make sure everything is as agreed upon in your purchase contract. Once everything is squared away, you'll sit down with the agent and complete all necessary paperwork and make any payments due on your end. That's when ownership of the property is officially transferred over to you.

Step 10

Move-In Day!

Congratulations—it's the moment you've been waiting for! The keys to your new house are all yours! It's time to start making the house a home and settling in. Don't forget to take a moment to celebrate: you deserve it!

Ready to Start Buying A Home in the Lillington, Fuquay and the surrounding area?

If you're thinking of buying a home, then it's time to contact Ann Milton Realty. We're your local real estate experts. Not only can we answer all your buying questions, we can help connect you with the resources you need to make an informed decision so you're sure to find your dream home at just the right price. Take a look at some of the home buying resources we have to offer.