PRE-OFFER

❑ Find an Agent. Become familiar with agency relationships.
❑ Be an informed buyer. You can search our website for additional information and links.
❑ Familiarize yourself with the mortgage process. See the section devoted to mortgage.
❑ Get Pre-Approved before you look for a home and shop with the power of a cash buyer.
❑ BEWARE OF PREDATORY LENDERS. Do not be led astray by online lenders.
❑ Become educated about all the area school systems. More information about school districts.
❑ Since it is an important component, be aware of your credit situation. You can get a free copy of your credit report at annualcreditreport.com.
❑ Determine your housing needs and wants to determine what types of houses you should be considering.
❑ Familiarize yourself with the various types of housing available: Single and multi-family, townhouse, duplex and condo.
❑ Become familiar with the costs associated with potential properties. See “cost of buying”.
❑ Review sample purchase offer with your agent to familiarize yourself with the contract so you can act in a timely fashion.
❑ If you are planning on buying or building a new home, talk to your agent about building a house, house building tips, resources and how to find a contractor.
❑ House Hunting Time! Make a scorecard for each house to help you keep track of the properties you’ve seen. Ask your agent about what necessary disclosures are available to you.
❑ Your agent will do a CMA on potential properties. This will assure confidence in your asking price.

DURING OFFER

❑ When you find an acceptable home, your agent will help you write and understand all aspects of an offer.
❑ Your agent will negotiate the best price and terms using the information they have acquired.

AFTER ACCEPTANCE

❑ Choose an attorney to represent you. Make preparations for closing (your agent will help you)
❑ Your agent will help you monitor important dates: structural inspection removal, radon test removal,
attorney approval, commitment issuance, mortgage contingency removal, etc.
❑ Make a mortgage loan request.
❑ Arrange for a home inspection. Your agent will provide you with a list of inspectors.
❑ Learn about home warranties and what they cover.
❑ Compare and secure homeowners insurance. Since homeowners insurance is a long term expense,
getting the best price brings savings that continue.
❑ Make moving plans. If you plan to use a moving company, make comparisons and reserve time now.
❑ Secure final loan approval and commitment from the lending institution. If you have done your
“up-front” work, this should be one of your easiest steps.
❑ Arrange final details: Call NYSEG, water company, oil/propane supplier, trash, cable, phone
❑ Do a final walk through of the house.
❑ Final closing and settlement.