This page is dedicated to Michigan First Time Home Buyers. We will attempt to inform you as much as possible. If you ever have any questions or concerns please don't hesitate to contact us and let us know. Our email address is BobandTeena@Yahoo.com
The Michigan Home Buying process may seem complicated, just take things step by step, keep a good network of
professionals around you and you will be just fine. Remember to give
yourself enough time to comfortably buy your Michigan house.
Generally speaking I would suggest to start looking at least
3 months before you would actually like to move in. From
the time you make an offer on the home it can take anywhere
from 4-6 weeks to close the transaction.
Step 1: Find a Good Michigan Real Estate Agent
Most of the entire process of buying your home will involve
your Realtor in one way or another. We can help you with everything from finding a
good lender, home inspector, title company, contractors,
negotiating the deal, getting all contracts filled in properly,
taking care of city certifications, finding your home, finding
out what a fair price would be for your new home, and much
more. Your agent will be with you from start to finish to help
with anything that may come up.
Step 2: Figure out what you can afford
This will depend on your interest rate, income, credit rating,
monthly expenses and down payment. Many computer
programs are great for this but visit a lender for more
accurate details. A local loan officer can be a great resource so we have a good direction right from the start. You don't want to start
looking at homes way out of your price range just to
realize you can't afford them. (It's a real bummer)
Step 3: Learn as much as you can
We recommend learning as much as you possibly can. We can give you multiple names of quality people to talk to on the business end of it.
Drive neighborhoods your considering buying in, check out
the local schools both on our site and in person. Sit down and tell us your
situation so we can point you in the right direction that
is suited for your individual needs.
Step 4: Time to House Hunt with Your Realtor
By now you should have choosen your real estate agent and are aware
of where you may want to start looking for your new home.
Now it's time for your Realtor to look at getting you the most for
your money. We do this everyday and know the in's
and out's of getting you what you want for the best deal
possible. We found the house of your dreams-------
let's make an offer.
Step 5: Make an offer
Remember from this point it can still take 4-6 weeks to get
you in your new house. We submitted the offer and after a little work on each parties end we have an agreement. Now you have a few decissions to make such as---
house inspections, down payment, home owners insurance, occupancy, city certifications (can be really important in some area's), appraisals, repairs and handling any other issues that may come up.
Step 6: The Closing process
This the time you sign all the paperwork to make this house
your home. It has been about 4 weeks since we have made
our offer on this house. We usually do the final walk-through on the way to closing to make sure the home is in the same condition as it was when you fell in love with it. The closing will usually take about an hour and will be at one of two
places the listing agent's office, or the title company.