1. How Much You Can Spend on Your New Home
A thorough assessment of your finances will determine the price range that you can spend on your new home. It’s best if you get a pre-approved loan, unless you are planning to pay cash for your new home. For new home buyers, you’ll need to consider the additional purchases that will need to be made once you get into your home.
2. Select a Real Estate Agent
A real estate agent makes the entire process of buying a new home much easier. Work with a realtor who understands the Texas market and offers experience – and happy home buyers! If you can find a realtor familiar with the community you would like to buy in, this will make the process much smoother.
3. Look at Potential Homes for Sale
D&R Home Solutions works across North Texas, covering areas like Allen, Carrollton, Frisco, McKinney, Lewisville, Little Elm, Plano, The Colony and many other cities that surround Dallas. Once you get an idea of the features you would like your new home to have, we can find homes for sale that match your specifications in these popular communities.
4. It’s Time to Make an Offer
When you have found the right home, then it’s time to make an offer. Working with your D&R Home Solutions realtor, we can help you craft a compelling offer to secure your new home. Our realtor team will simplify the offer process, and ensure all contract terms are explained and understood.
5. Have an Inspection
Part of the loan closing process is getting a thorough inspection of the home. The home inspector will look at areas like the physical structure, plumbing and electrical to ensure the property meets the required standards. Once the home passes inspection and/or any needed repairs are completed, you’re ready for the final step.
6. Finalize the Deal on Your New Home
Once all of the necessary paperwork has been completed and approved by your loan officer, you can close the deal on your new home. At closing, you’ll sign the loan closing paperwork, pay closing costs, then get the keys to your new home. The date you take possession of the home may be several days or even weeks after the loan is finalized. The move-in date will be negotiated when the offer is made and accepted.
Any realtor fees due to D&R Home Solutions will be paid as part of the loan closing process. You shouldn’t be overly concerned with the realtor fees, as these are usually paid by the person selling the home.