The Steps to Buy a House involve several aspects, and here’s a simplified explanation of how it typically works:
Saving for a Down Payment: The first step is to save money for a down payment. This is a portion of the total price of the house that you need to pay upfront. Saving for a down payment might take some time, but it’s an important part of the process.
Understanding Your Budget: Before you start looking for a house, it’s essential to determine how much you can afford. Consider your income, expenses, and any existing debts you have. This will help you figure out a comfortable budget for your home purchase.
Getting Pre-approved for a Mortgage: Unless you’re buying a house outright with cash, you’ll likely need a mortgage, which is a loan specifically for purchasing a home. To get pre-approved for a mortgage, you’ll need to provide some financial information to a bank or lender. They’ll assess your financial situation and let you know how much they are willing to lend you.
Finding a Real Estate Agent: A real estate agent is a professional who helps you find a house that suits your needs and budget. They have access to listings and can guide you through the buying process. Look for a reputable agent who understands your requirements. If you are reading this post – then you are already on the way to finding your Best Realtor of choice! 😉
House Hunting: With the help of your real estate agent, you can start looking for houses that match your preferences. Consider factors like location, size, amenities, and price. Visit different properties, take notes, and ask questions to gather information.
Making an Offer: When you find a house you like, you can make an offer to the seller. Your real estate agent will help you with this process. You negotiate the price and terms of the purchase, including any contingencies (such as inspections or repairs) that need to be met.
Home Inspection: Before finalizing the purchase, it’s crucial to get a professional home inspection. An inspector will examine the house for any potential problems or repairs needed. This will help you make an informed decision about whether to proceed with the purchase or negotiate repairs with the seller.
Closing the Deal: Once you’re satisfied with the inspection results and have secured your financing, you’re ready to close the deal. This involves signing legal documents, including the mortgage agreement and the deed, which transfers ownership to you. You’ll also need to pay closing costs, which include fees for various services related to the transaction.
Moving In: Congratulations! After closing the deal and receiving the keys, you can move into your new home. You may need to arrange for utilities, such as electricity, water, and internet service, and make any necessary updates or repairs to personalize your space.
Remember, buying a house is a significant financial decision, so take your time, ask questions, and seek advice from professionals along the way.
Boxabl as the Future of Housing -presents with a unique housing product that is price / quality and timing sensitive to the current needs in communities… we just need to get our Community Leaders onboard to adjust zoning and permitting to allow the use of this housing alternative.
Knowing that we are now hearing about the “housing crisis” and that there is a shortage of homes for sale across the country, and especially in our local communities – housing alternatives are NEEDED.
Want more information? Ask Tammy for details or feel free to explore with these links:
Participating in the Jobs Ohio Quarterly Update meeting and hearing wonderful news about the progress of our state is an exciting opportunity.
“Ohio is a Special Place” (nothing new to me – of course I already know and believe this!)
The diversity of our state is helping to drive the various job sectors GROWTH, the vibrancy of our communities and the future potential we can take hold of and claim. All that being said, there is a challenge, as Lt Governor Husted stated, “We need to begin to address HOUSING” – and the low inventory levels we have had now for the last four years have added to that need.
It is time for our communities to OPEN their thinking and planning requirements to fast-track the housing process, so that more construction can take place; BUT, it is also time to expand housing alternatives! We must allow alternative housing structures / zoning to include: Accessory Dwelling Units (ADUs); Tiny Homes; Pre-fab / Manufactured Housing; not to mention the ability for multi-generational living and vertical living.
Easy for me to say? YES – because I have been actively working in the industry of Real Estate since 2001. I take this business seriously and know the impact HOUSING has on everyday quality of life, the opportunities it presents to people and more importantly – the impact it has on our communities overall. I care about and want to assist in whatever way possible, so that the right path forward can be forged for all. We have to address the supply of housing to begin to address the cost of housing and the circle of real estate cycles continues!! Why are our communities making decisions about housing WITHOUT having Active Realtor participation? Our Associations and committees would gladly help to answer the questions, direct the focus that is needed and to even participate and volunteer to be included in their discussions – yet many in leadership merely serve their time and pass the buck to the next party. Without an answer to the question of housing – we cannot address the other necessary topics (affordability, homelessness, blighted redevelopment, incoming job growth) all of which should be just as important for community leaders to begin addressing as well 😉
I am not “just a Realtor” I AM YOUR ADVOCATE for property rights and opportunities. I help people to buy, sell and invest in what is typically their LARGEST SINGLE AND MOST EXPENSIVE FINANCIAL ASSETT and I do this with integrity and with the client’s best interest at heart. Seems to me – I might be that person who would be good to have a part of the planning??? At least I am willing to make myself available and help dive into the process with you!
I’ve been talking about topics that are now starting to “trend” but I was saying it LONG before – and I believe alternative housing is going to be the necessary, next thing. Soon I will get to report on a factory tour for a prefab manufacturing facility in our area, and I am planning to venture out West to tour another facility – because I know how important this next step is for people and for our communities. WATCH for updates and I’ll be sure to share my thoughts and findings with you 😉
One of the coolest neighborhoods to the North of Dayton is Butler Township… and what a growing yet stable area it has become! You probably are familiar with Miller Lane and all the wonderful restaurant choices, shopping and just ease of convenience for commute from that area; as one of the main hub areas for Butler Township it is the most well-known. But, if you are looking for a little part adventure – Van Atta Park is a wonderful place to “socially distance” and / or just relax and enjoy nature.
We are super happy to be able to share a bit more of this community as we spotlight our newest listing at 1989 Fountain View Drive…if you are looking for a RANCH with even more extra space with a finished basement – don’t miss this one!
If you were RENTING – prior to May 27, 2019, and are now looking to BUY a home – you may qualify for the Disaster Relief Program for Renters. We have CLOSED DEALS using this and know that it is available for others! There are stipulations and some income requirements; but, having worked the deals and clients NOT have to bring money to the table – is proof positive it works!
Holidays are not always about good times. If you need a friend or someone to talk – I will be there for you.
If you feel your life is taking a turn that you are uncomfortable and may need assistance, please reach out. The Artemis Center along with YWCA Dayton Shelter and Montomgery County Children Services are available to help 937.461.4357 (HELP).
The real estate brokerage with a heart! Helping you as buyers and sellers in today's real estate market. RH2L is "Real Homes To Love" and your choice for professional real estate services in today's market! Office hours by appointment.
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