What to Expect When Purchasing Your First Home

  • By Staff Writer
  • 29 Sep, 2016
first time home buyer

So you’re ready to buy your first home? Don’t let the whirlwind rush of excitement and questions throw you off. Your home buying experience doesn’t have to be a puzzling mystery. Know the facts before you take the leap into home ownership. Take a look at Farmer + Brown’s  helpful guide below to help prepare you for this rewarding transition.

1.   Pre-Approval Process.   Place yourself ahead of the pack as a buyer. Going through the pre-approval process shows the seller you are serious about buying a home and that financially you qualify to purchase a home.

2.   Selecting Your Realtor.   You want this individual to understand and represent your wishes for your future home. Farmer + Brown can help you with budget, location, and finding that perfect home that will fit your style.

3.    Meeting With Your Agent.   Your first meeting with Farmer + Brown is where expectations are set. We will walk you through the various steps of the buying process and discuss your availability and home preferences. Come ready with a list of things to discuss, or make one as you move through the meeting.

4.   Touring Homes.   The fun part! It’s easy to get lost in the maze of open houses and home tours, so make sure to let us know which houses you like and don’t like. This step helps you narrow in on what you’re looking for.

5.   Picking Your Home. Arguably one of the biggest, most satisfying decisions of your life. Once you have one or two options, Farmer + Brown will complete a comparative market analysis to determine the appropriate value of the home.

6.   Offers & Negotiations.   Before placing an offer, you want to decide how much you are willing to pay for the property. After you make your offer there is a chance that the homeowner will counter your offer with a number closer to their selling price. At this point Farmer + Brown will help you determine if you want to come back with a new offer or move on to another house.

7.    Inspections and Conditions.   A conditional offer includes time for you to inspect the property. Farmer + Brown will make sure you’re aware of this option and will help facilitate.

8.   Walk-Throughs.   Typically this is the pre-closing inspection where you get one last chance to inspect and report any problem areas or issues in the home. You will also double check all the areas you requested that the owner fix.

9.   Closing Time.   Get ready to do a lot of signing. You will walk through all the mortgage documents with a lawyer present to help explain anything you don’t understand. Take it one document at a time and don’t hesitate to ask questions.

10.               Moving Day!  Farmer + Brown will help you select a moving company or family and friends to help you move everything into your new place. And don’t forget to change your address with the post office, bank, and anything else it’s tied to!

 

Print this list out, save it to your phone, or write it down so you can use it as a checklist during your home buying experience. Utilize us as a great resource for any other questions that pop up during your search. Here at Farmer + Brown we are passionate about exceptional service and helping you find the perfect home. Contact us for more information or to set up a time to meet and discuss your future housing needs.

Farmer + Brown

By Staff Writer 08 Nov, 2016
Selecting a new place to live comes with its fair share of challenges. Arguably one of the most important factors is the neighborhood itself. Where will your kids go to school, what is the community like, and is it safe—are all important questions to ask yourself during the home buying process. No worries here—Farmer + Brown have the scoop on how to find the perfect fit.

Location Location Location.

Everyone has a different idea of where they see themselves living. For some, it’s urban and for others, it’s more rural. Outside of that decision there are things to consider like, whether you want a subdivision, condo, gated community or land? After you decide the type of environment you desire to live in,

Farmer + Brown will compile a list to help you organize your thoughts for each home you look at.

 

List It.

Take the time to sit down with your spouse, or loved ones and create a list of questions you want to ask yourself about your potential neighborhood. For instance, what is the school zone—are there sidewalks—what are the crime reports for that area?

 

Ask the Locals.

Farmer + Brown will assist you with checking out community forum boards online or connect you with friends or individuals from that neighborhood to get a more personal feel for what it’s like.

 

Do Your Homework.

It’s never too early or late to find out more about the neighborhood you’re interested in. After all, this is where your family will be living. Farmer + Brown will take the time to complete extensive research about the community and neighborhood you’re interested in. If this is completed before you begin house hunting you can eliminate certain homes based on location and save yourself time.

 

Trust your gut.

You will know when you find the perfect place that you want to call home. The preparation and research will just give you more comfort and confidence in your decision. If you want to learn more about the Chattanooga community call Farmer + Brown. We would be happy to answer any of your neighborhood questions.


By Staff Writer 29 Sep, 2016

So you’re ready to buy your first home? Don’t let the whirlwind rush of excitement and questions throw you off. Your home buying experience doesn’t have to be a puzzling mystery. Know the facts before you take the leap into home ownership. Take a look at Farmer + Brown’s  helpful guide below to help prepare you for this rewarding transition.

1.   Pre-Approval Process.   Place yourself ahead of the pack as a buyer. Going through the pre-approval process shows the seller you are serious about buying a home and that financially you qualify to purchase a home.

2.   Selecting Your Realtor.   You want this individual to understand and represent your wishes for your future home. Farmer + Brown can help you with budget, location, and finding that perfect home that will fit your style.

3.    Meeting With Your Agent.   Your first meeting with Farmer + Brown is where expectations are set. We will walk you through the various steps of the buying process and discuss your availability and home preferences. Come ready with a list of things to discuss, or make one as you move through the meeting.

4.   Touring Homes.   The fun part! It’s easy to get lost in the maze of open houses and home tours, so make sure to let us know which houses you like and don’t like. This step helps you narrow in on what you’re looking for.

5.   Picking Your Home. Arguably one of the biggest, most satisfying decisions of your life. Once you have one or two options, Farmer + Brown will complete a comparative market analysis to determine the appropriate value of the home.

6.   Offers & Negotiations.   Before placing an offer, you want to decide how much you are willing to pay for the property. After you make your offer there is a chance that the homeowner will counter your offer with a number closer to their selling price. At this point Farmer + Brown will help you determine if you want to come back with a new offer or move on to another house.

7.    Inspections and Conditions.   A conditional offer includes time for you to inspect the property. Farmer + Brown will make sure you’re aware of this option and will help facilitate.

8.   Walk-Throughs.   Typically this is the pre-closing inspection where you get one last chance to inspect and report any problem areas or issues in the home. You will also double check all the areas you requested that the owner fix.

9.   Closing Time.   Get ready to do a lot of signing. You will walk through all the mortgage documents with a lawyer present to help explain anything you don’t understand. Take it one document at a time and don’t hesitate to ask questions.

10.               Moving Day!  Farmer + Brown will help you select a moving company or family and friends to help you move everything into your new place. And don’t forget to change your address with the post office, bank, and anything else it’s tied to!

 

Print this list out, save it to your phone, or write it down so you can use it as a checklist during your home buying experience. Utilize us as a great resource for any other questions that pop up during your search. Here at Farmer + Brown we are passionate about exceptional service and helping you find the perfect home. Contact us for more information or to set up a time to meet and discuss your future housing needs.

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