8 Steps to Buying a Home in Clarksville TN / How to buy a house.

1. MEET WITH A REALTOR® Steps to buying a Home in Clarksville TN

8 Steps to buying a home in Clarksville TN, eight simple steps that we can lead you through to buy your home in Clarksville.

1. Discuss your needs and wants with your Realtor.
2. Determine the geographic area you want to focus on.
3. Your Realtor will set up a custom search and personalized website to find the properties you are interested in the moment they hit the market!

How to Buy a Home

2. GET PRE-APPROVED FOR A LOAN

Decide which loan is best for you; VA Loan, Conventional, FHA, USDA… Have your loan officer show you what your total estimated mortgage payment would be with mortgage insurance, taxes, and insurance. Ask them to show you what you can afford with various scenarios Different down payments Different amortizations Paying additional money towards the principal Decide on what your home-buying budget will be Have the loan officer present you and your Realtor with a Pre-Approval Letter

8 Steps to Buying a Home in Clarksville TN

 

3. HOUSE HUNT!

1. Schedule with your Realtor to visit homes you’re interested in.
2. Use your Buyers Checklist to narrow down to your top favorite homes.
3. Go back and visit your top choices and have your Realtor run comparable sales on them to see what range of homes are selling for. This gives you valuable information for putting together an offer!

4. YOU HAVE FOUND “THE ONE”- GETTING A HOUSE UNDER CONTRACT

Meet with your Realtor to prepare a Contract for your chosen home. Your Realtor will need to have the following to complete this: Your Legal names and best contact information to receive legal documents What price do you want to offer on the home including how much you will put for a down payment and how much you will take a loan out for. Checks for your earnest money and option fee Sign the Sellers Disclosure A copy of your Pre-Approval Letter Negotiate the Offer Come to an Agreement- Hooray!!! Buyer and Seller agree to all terms of the Contract, everyone signs it, and the checks and signed contract are delivered to the Title Company and Sellers Agent

 

5. OPTION PERIOD

1. Have a Home Inspection performed and negotiate any necessary repairs.
2. Title Insurance

 

 

Buying a home in Clarksville TN

 

6. PRIOR TO CLOSING DAY

1. The lender will order an appraisal of the home.
2. The loan was sent for Approval
3. Upon Loan Approval, The title Company sends out a HUD1 that details all the fees associated with the closing. It will include:
   1. How much your total loan amount is.
   2. What funds you will need to bring by certified check to closing?
   3. Commissions and fees associated with the sale.
4. Secure Property Insurance for the home.
5. Set up for the utilities to be turned over.
6. Do a final walk-through to make sure the home is in agreed-upon condition.

7. CLOSING DAY

8. THE HOUSE IS YOURS! WHAT NOW?

 

By following our 8 steps to buying a home in Clarksville TN, you will have a smooth and easy process in purchasing your new home.

Ron Dayley Realtor – Epique Realty LLC