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Buying Process
The home buying process in Houston doesn’t have to be daunting. Here are 8 simple steps to explain the process.
Steps To Homeownersip
1. Consider if you’re ready to become a homeowner by reviewing your credit score, savings, and debt-to-income ratio.
2. Get pre-approved by a lender to know your budget.
3. Determine where you’d like to live based on commute times and other factors.
4. Find a local real estate agent who can help you navigate the housing market, explore your financial options, and negotiate a good deal.
5. Look for a house that meets your needs by browsing online listings and attending open houses.
6. Make an offer that sets out the purchase price, terms, and conditions.
7. Hire a home inspector to alert you to any potential issues.
7. Escrow: this is where your lender will take a good look at your financial situation and give you the final loan approval. Surveys and apprasisals are also ordered at this time.
CONGRATS!
The final step is to the closing meeting with the required ID, cash to close, and other documentation. Before signing, check your loan estimate, settlement statement, mortgage note, and other documents carefully. You’ve survived the home buying process.