What an exciting time – you’re ready to buy your first home in Albuquerque! This is certainly a big decision. A great deal of time and money will be invested in this endeavor. What are all the steps involved in the home buying process? You need to know what’s involved and what to expect before you start. You also need to forge relationships with experts in Albuquerque who can help you along the way.
Here are the 11 steps to living the dream of owning your first home.
Do Your Homework
- Planning is always the wise course, and that is particularly true with buying a home in Albuquerque. You need to think about factors such as price, housing type, neighborhood, school districts, and more need to be considered. Here’s a worksheet that can help you pin down what you’re really looking for. Make sure to fill it out with everyone who’s involved in the process. That way everyone is one the same page – literally.
- Start Shopping For Homes in Albuquerque
Now that you know what you’re looking for, start looking for listings online. Here’s a great tool for finding the ideal home in Albuquerque and surrounding communities.
- Find a Great Agent
We’re ready to help you find the perfect first home and help you through the process.
- Choose a Lender
After you find the right agent, we can help you find the right mortgage lender. This is an important step as your lender will be working closely with you throughout the process.
- Pick a Loan
Your lender will work with you to determine the right mortgage to fit your financial needs. You’ll need to provide proof of income, employment, and other details.
- Look at Homes
Now comes the fun part! Your agent will help you find homes in in Albuquerque and the surrounding areas in New Mexico that fit your budget and the needs you determined in step 1.
- Make an Offer
When you find the ideal home, then you make the offer. Your agent will help you decide how much you want to pay, along with contingencies that both parties can agree on.
- Negotiate, Negotiate, Negotiate
Now comes the time where you work out the deal for your new home in in Albuquerque. It can be an emotional time, especially if you really want the house. Some sellers may just accepts your offer, but some may make a counter-offer. Your agent will work with you to decide what to do.
- Inspect the Home
When an offer is accepted, then you’ll sign a contract that will no doubt include a home