BUYING RESIDENTIAL REAL ESTATE: A TO Z
It is important to remember that every real estate purchase is unique. The length of your timeline from Point A to Point Z will vary, but as your trusted real estate agents we will be with you every step of the way.
A. ) Contact a Realtor to begin establishing a relationship and communicating your home-buying expectations so they can start searching for a property for you.
B.) Get prequalified with a reputable local lender. Your lender and your realtor will work as a team to help you understand your potential monthly mortgage payments, the down payment for your loan, any closing costs to the lender, and any fees that could come up through inspections.
- Your lender will tell you what your maximum purchase price amount is and what down payment it will take to get there.
- TIP: They can also help you decide how to best use your cash funds!
C.) Go through comparable properties on the Montana MLS with your realtor to see what you like and what you can afford. Our Waypoint Realty Group team will also work with fellow Keller Williams associates and our large pool of existing clients to see what might be hitting the market next!
D.) Your Realtor will work to understand your financial goals and educate you on the potential strategies for writing offers before you even decide on homes. This way, you will feel most confident in beginning the house hunt.
E.) Start looking at homes that fit your criteria.
Cue the habit of searching listing images and driving by a property! If you like what you see, your realtor will schedule a showing for you and thoroughly investigate the property with you during the home tour.
F.) Decide if you’d like to write an offer on the property.
We will walk you through the buy-sell agreement (the “offer”) step-by-step, taking into consideration all variables of the home, the seller's preferred timeline, your preferred timeline, and your lender's recommendations.
We will also work with your lender on the specifics of the offer you’re considering so that they can calculate all of the cash needed to close and estimate your monthly payments.
G to X.) Take a deep breath and trust that your Realtor will walk you through and communicate effectively regarding all of the steps between "Under Contract" day and closing day.
Y.) Close on the property with the title company. Your Realtor will make sure you have everything you need for this special day!
Z.) Move in and start to gain equity!
We are ready to help you find your residential real estate waypoint. Start at Point A and contact our realtors today. Waypoint Realty Group, Keller Williams will be there to provide support, guidance, and resources from Point A to Point Z!
