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Buying Your First-Home : Steps

Posted by EthanHosea on March 19, 2023
First-Time Homebuyer
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Buying a home for the first time can be both exciting and overwhelming. Closing on a home involves several steps that can take some time and effort to complete. Here are some steps first-time homebuyers should follow to successfully close on a home.

  1. Get pre-approved for a Mortgage: Before you start looking at homes, it’s important to know how much house you can afford. Getting pre-approved for a mortgage will help you determine your budget and give you an idea of what interest rate you can expect.
  2. Start working with your Cozy Hosea Homes Real Estate Agent/Broker: Working with a licensed Mississippi real estate agent can help you find the right home within your budget. They can also help you navigate the negotiation process and guide you through the paperwork.
  3. Look for a home: With your pre-approval letter and real estate agent, you can start looking for your dream home. Be sure to consider factors such as location, size, and price when choosing a home. We will set you up on an automated email notification/online portal to see the newest homes as they hit the market in the MLS (REALTORs Multiple Listing Service, essentially the database of all homes listed by Agents in the area.)
  4. Make an offer: Once you’ve found the right home, you’ll need to make an offer. Your real estate agent can help you determine a fair offer based on the home’s value and the current market conditions.
  5. Get a home inspection: Before you close on the home, it’s important to have it inspected by a professional. The inspection can uncover any hidden issues with the home that may need to be addressed.
  6. Close on the home: Once all the paperwork is in order, it’s time to close on the home. This is when you’ll sign all the necessary documents and pay the closing costs. After the closing, the home is officially yours!

Closing on a home can be a complex process, but by following these steps, you can ensure a smooth and successful experience. Remember to take your time and ask questions if you’re unsure about anything. Good luck on your journey to homeownership!

Ready to get started looking for your Cozy Hosea Home? Reach out to us via our Contact Us Form and a friendly Agent will get you setup!

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