Credit Score: Ensure your credit score is in good shape. Aim for a score of at least 620 for conventional loans, though higher scores may qualify you for better rates.

Savings: Accumulate savings for a down payment (typically 3-20% of the home price) and other expenses such as closing costs, moving expenses, and initial home repairs. Buyers utilizing a VA loan are not required to make a down payment; however, they should still save for earnest money and/or closing costs. Many VA buyers incorrectly assume the no down payment means no cash out of pocket to buy, which often isn’t true!

Obtain pre-approval from a lender to determine how much you can borrow. This will make you a more attractive buyer and help you stay within budget. Buyers should anticipate a range of costs necessitating careful preparation.

These expenses may either be directly paid upfront or integrated into the loan structure or closing expenses.

• Earnest Money

• Home Inspection Septic or Well Inspection

• Surveys

• Appraisal

• Loan fees

• Home warranty

• Closing costs

Mary brings valuable expertise and local market knowledge, ensuring you find the best property at the right price. She guides you through each step, from making competitive offers to managing inspections and closing the deal efficiently. Mary protects your interests and simplifies the entire home buying experience, making it as smooth and stress-free as possible.

Determine your desired location, considering the distance of your work commute. Identify your must-haves versus nice-to-haves, such as size, number of bedrooms and bathrooms, yard space, and other essential features.

Preview homes that meet your criteria, with options for virtual tours if you are out of the area. Once you find the perfect home, submit an offer to start the buying process.

After your offer is accepted, you'll deposit earnest money and complete your financing application. Then, a home inspection will be done, followed by an appraisal to confirm the home's value. Once these steps are complete, we send the accepted contract to the Title Company, who gathers all the necessary documents for closing with everyone involved.

Earnest money deposit: Your earnest deposit usually amounts to 2-3% of the purchase price. Once all conditions are satisfied, this deposit becomes non-refundable and is credited towards your closing expenses. Earnest money isn’t necessarily required, but is seen as a measure of good faith to the seller that you’re a serious buyer.

Inspection period: During the inspection period, you have the chance to thoroughly examine the property. It's highly advisable to engage a professional inspector to conduct a detailed assessment of the home.

Appraisal: Once the inspection is finalized, the next step is to address the appraisal contingency. In most cases, lenders mandate an appraisal before approving the loan.

1. Complete a final walkthrough to confirm everything is in order.

2. Sign all necessary lender documents and schedule a signing appointment with the escrow company.

3. Don't forget to transfer utilities into your name for seamless ownership.

4. The Title Company will prepare your loan documents 3-5 days in advance, giving you the option to sign them either at their office or have them delivered by a notary, especially if you're signing from out-of-state.

On moving day, collect the keys to your new home and confirm that all utilities are in your name to avoid any disruptions. Then, step into your new space, take a deep breath, and welcome yourself home to the beginning of your exciting journey in your new space!