If you’re a first-time homebuyer, it’s essential to know what to do when you find a property you like. There are many steps in the process of buying a home, from residential inspections to signing the purchase agreement, and learning more about a few key parts of the process will prepare you to find the right house for your family.

What to Expect When Buying a Home 

1. Decide What You’re Looking for

What comes to mind when you think of your dream home? Consider the acreage, price, number of bedrooms, and square footage. Assess whether you want special amenities like a two-car garage, a barn, or pastureland. Make a prioritized list of your must-haves and your wants so you can go through real estate listings and find options that fit.

2. Discuss Mortgage Options

Seeking pre-approval for a mortgage before seeing properties will help you establish your price range. You will need documentation of your income, tax information, debt, and bank account information before filling out a mortgage application. Pre-approval can speed up the purchase process and improve your bargaining power by offering the potential for a faster closing.

3. Choose a Real Estate Agent

Work with a real estate agent who lives in the area where you want to buy a property. These individuals know the area and can keep an eye out for listings that fit your needs. They have your best interest in mind and will try to negotiate the best price when you find a property you want. 

4. See Properties

Regularly check real estate websites and talk with your agent to vet potential listings and plan viewings. Many homes sell quickly, and it’s critical to view places you like as soon as possible to avoid missing out on a great buy. 

5. Purchase a Home

Once you’ve found a place you love that fits the budget, get a residential inspection to assess the building’s structural integrity, plumbing system, electrical system, and HVAC. If you like what you see, make an offer through your real estate agent.

Your agent will work with you and the seller to come to an agreement and transfer the property’s title to your name if the seller accepts. You’ll need to talk to the mortgage company to earn official approval.

If you’ve found a home that you’re interested in making an offer on, contact Twin City Home Inspections Inc. in Bowie County, TX, to schedule a residential inspection. This company has been in business since 2007, offering custom reports and fast turnarounds for buyers and sellers. Call this Texarkana-based residential inspections team at (903) 276-9566 or visit the website for more information about their offerings.