Purchasing
Properties
find your perfect home
Purchasing Steps
Step 1. Decide to buy
There is never a wrong time to buy the right home. The key is finding the right buy and taking the time to carefully evaluate your finances.
A home purchase is an important step that can provide many advantages. Purchasing your own home is a great investment that can deliver several financial benefits – equity build up, value appreciation, automatic savings plan – not to mention a new sense of pride!
step 2. $ Secure FInancing
Review your current financials.
- Discuss the options available to you during the home purchasing process.
- Guide you to an appropriate price point.
- we negotiate on your behalf to get you the best deal – price, interest rates, loan approval.
- Keep you informed and updated of the entire financial process throughout your purchase.
Step 3. Find your Home
- What amenities are crucial for you and your family?
- How much space do you need and why?
- Which is more critical: location or size?
- Would you be interested in a fixer-upper?
- How important is home value appreciation?
- Is neighborhood stability a priority?
- Is accessibility to main routes a priority?
- What features are not negotiable in your new property?
Step 4. Due Diligence
Northern Arch Representatives will provide you with improvements and challenges within your home. This way you’ll know what you are getting into before you complete the purchase.
Knowing what work has and has not been done to your home is important information to have in the buying process. While updates can increase your home value, damages can take money out of your pocket. Your main concern is the possibility of structural damage, which can come from water, shifting ground or poor construction.
Very often a problem appears to be big, but can be fixed with very little effort and not a huge budget.
Step 5. Close
Once you’ve agreed on a price point you’re in the “home” stretch! But, in order to ensure that you don’t put the property purchase at risk, you have a couple responsibilities that you’ll need to keep in mind:
- Staying in control of your credit and finances – Do not make any large purchases during this time. It’s important to keep your financials steady throughout the buying process. Talk to your financial consultant for guidance.
- Keeping in touch with your agent and financial consultant – It’s important to stay in constant communication with your Northern Arch agent and financial guide during this process. Be sure to return all phone calls and complete paperwork promptly. Also, don’t be afraid to ask questions. Your team is there to help you!
Step 6. Protect your investment
Congratulations, the home-buying process is complete, which means it’s time for your maintenance plan! It’s your responsibility, and in your best financial interest, to protect your investment for years to come. Performing routine maintenance on your home’s systems is always more affordable than having to fix big problems later. Be sure to watch for signs of leaks, damage and wear.