STEPS TO BUYING

Contact a REALTOR®

A RESF Sales Associate can help you through the entire process of buying a home, starting with the mortgage and continuing right through closing and beyond. He or she can help you shop for the best interest rate and terms and, if you wish, suggest mortgage lenders.

Get Preapproved for a Loan

Obtain a copy of your credit report and your FICO score and, if necessary, do what you need to do to improve it. The higher your FICO score, the better interest rate you can command. You can get this information online; your RESF agent can also help you. Contact several lenders and determine which one will give you the best deal.

Determine Your Price Range and Area(s) in Which You're Interested

By now you should have a good idea of what you can afford and you can narrow down your home search. You should also begin researching the neighborhoods in which you might want to live. Your RESF agent can help.

Decide Which Amenities and Features Are a "Must Have"

How many bedrooms and bathrooms do you want? Location? Would you prefer a newer home or an older one? Is a large backyard a must? Is an updated kitchen important to you? Walk-in closets? Which features are an absolute must have?

Begin Searching the Market

Right here on resf.com, you can find listings that meet your criteria as well as neighborhood data. Identify properties that seem to be a good fit for you, take an afternoon and go on a driving tour. See what's available in your price range and explore neighborhoods.

With Your Agent, Begin Looking at Homes

Your agent can add to the list of homes you've already identified - including ones that have just come on the market. Look at homes with a critical eye - does the floor plan work for you, is the property in good condition, would it be right for your lifestyle? In short, can you imagine yourself and your family living there? Take notes at each home you visit on what you like and not like? Narrow down your choices; re-visit homes in which you're interested. See them at different times of the day if needed.

Make an Offer

When you've identified the home you want to buy, be prepared to help your agent prepare a written offer quickly. Your agent will be familiar with market values and will help you arrive at a price that gives your offer the best chance of being accepted. At this stage, try not to become emotionally attached to a home. Your offer may not be accepted for any number of reasons. Have backup homes in mind. Be prepared to negotiate through your agent with the sellers.

Once Your Offer Is Accepted:

• You'll be asked to submit an earnest money deposit
• Have the property professionally inspected
• If necessary, request repairs
• Obtain homeowner's insurance
• Contact utilities (phone, water, power, etc.)
• A few days before closing, stage a walk-through
• Obtain a cashier's check for closing costs

At Closing:

• Make sure terms and conditions of loan statement are correct
• Carefully read everything before you sign
• Request all sets of keys and devices (garage opener, etc.)

CONGRATS, NOW YOU CAN RELAX AND ENJOY YOUR NEW HOME!