Whether you are a first-time homebuyer or an old pro, it’s common sense that buying a new home can take time. There are several factors that can expedite the timeline but if you’re dreaming of sitting on your new back porch drinking a lemonade and enjoying the longer days and warm summer nights, you should start looking for a home now. Which then begs the question, where do you begin?
Move beyond your wish list
Chances are you’ve been thinking about a new home for a while and you have a mental list or Pinterest board showcasing one-thousand-and-one different ideas and would-be-nice-to-have features. As you get serious about your new move, start sifting through that list and compile the must-haves, would like to have, and not necessary items. For some of our families, a large backyard is a must while others are seeking a home theater space or a three-car garage. It all comes down to what will work best for your family.
Not sure what type of items to list and provide to your agent? Take a look at our Buy Page form for some basics.
Find your agent
It’s one thing to know exactly what you want for your dream home, it’s a completely different matter to have your finger on the pulse of the Utah real estate community, market trends, and best deals (and also know just where to look to find that dream home). That’s where finding the right Utah real estate agent comes in. Not only does a good agent know those things, they are also expert negotiators and gurus in the homebuying process. That said, it’s important to find an agent that understands buying a home is one of the biggest experiences of your life. You deserve clear communication with complete transparency, a dedicated team, and the most up-to-date industry information as you make your purchasing decisions.
Oh, and if you are a first-time homebuyer, it’s important to note that having the perfect agent costs you nothing. All real estate agents are paid on commission from the home being sold. Meaning you get an expert in your corner at no cost to you.
There is mixed information on finding an agent or getting pre-approved for purchasing a home first. We recommend starting with an agent and then getting pre-approved because your agent should have a list of other home vendors that they work with and trust to help you. One of those is a mortgage lender. The mortgage lenders we work with provide financing at the lowest rates possible, working with you and whatever your financial situation may be.
Go on the house hunt
Armed with your list of home must-haves and a price range from your pre-approval, now your agent can go on the hunt for your dream home. You’ll start touring homes that fit your criteria and a good agent won’t take you to more than a few homes in one day (to give you a fair chance at remembering each home’s unique features). Once you find the perfect home, your agent will negotiate a fair offer based on their knowledge of the area and what comparable homes may have sold at. Once the seller has agreed on your offer, the home will go into escrow and your agent will arrange for the home to be inspected over the next few days.
Select a loan and have the home appraised
Provided the home inspection goes well, your agent will again pull from their vendor network to connect you back up with the loan officer to select the ideal loan and order a home appraisal. They will then coordinate all of the paperwork for you to sign and move into your new home!
Moving in by Summer
As you can imagine, finding your perfect home and getting it inspected, appraised, etc. can take time. Homes.com reports, “the average homebuyer will spend 30-60 days shopping and 14-60 days from contract to close.” The first day of summer is June 20th, so get started!
Please feel free to reach out to us if you have any questions regarding the home buying process or what your steps to unlocking life’s biggest moments should be. We can also be found on Facebook, Twitter, and Instagram. We’d love to hear from you!