As a first time home buyer in Richmond, the thought of buying a home is exhilarating and probably a bit overwhelming. It's fun to look at all the Richmond homes for sale and finding your dream home, but the process can be somewhat confusing. Below you will find the step-by-step process from start to finish:
Select a Richmond real estate agent - I think I know one who would be thrilled to light your way to home sweet home ;)
Obtain financial pre-approval - Knowing how much you can spend will save all involved time and possible heartbreak if you are looking in the wrong price range.
Analyze your Richmond home needs - determine what you need, what you want, and what you can live without. No home will be perfect, so compromise is inevitable.
Select Richmond Properties - Your Richmond Realtor will send you listings. Pour over them, noting the ones you find most special.
Tour Richmond Homes for Sale - Coordinate with your Richmond real estate agent a day and time to explore the homes you found most appealing in the previous step.
Make an offer - Found a house you just can't wait to make home? Discuss with your Richmond Realtor the comparable properties in the area, determine fair market value, and make an offer to the seller.
Negotiate - The seller may accept your contract the way it was presented, however they also may want to negotiate the terms with you such as price, deadlines, and settlement.
Meeting of the Minds - Once both the buyer and seller agree to the terms of the contract, you are now considered RATIFIED!
Remove contingencies - This is the time when you will have the home inspected, appraised, obtain survey, and work on other contingencies, such as obtaining your financing.
Title Search & Insurance - Your title company of choice will conduct a title search, discover & remove any issues, and you will obtain title insurance.
Securing funds for settlement - Make sure all financing and funds are in order for closing.
Pre-Settlement - A day or two before closing you will have a chance to walk through your almost new Richmond home to make sure any repairs have been made and that the home is in the same condition when you first toured it.
Closing - Attend closing, review all paperwork, and sign on the dotted line.
CONGRATS - You have now bought a Richmond home!
Ready to get started? Contact me, Shannon Milligan at Home Sweet Henrico with Keller Williams Realty Richmond West, today and let me light your way to home sweet home in the Henrico County Real Estate or surrounding Richmond Real Estate market!
To begin your online Richmond home search, please visit: Homes for Sale in Richmond
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