Basic Steps to Buying

Thinking about buying a home can be overwhelming and excited at the same time. For most people, this is and will be one of the biggest investments of a lifetime. No matter whether you buy and hold for just a few years or hold indefinitely; the financial consequences remain. Both first time buyers and seasoned buyers still need to know about trends, market conditions and loan needs for a real estate purchase.

Here are a few steps to get the process started:

  • Take a peek, as to what is out on the market! Check out UtahRealEstate.com. This public portal to the multiple listing services (MLS) is a great way to begin familiarizing yourself with prices, availability and style of homes.
  • Contact your favorite lender. Discuss the process and what it means to make this important investment. Establish your budget.
  • Get connected with a Realtor! This key relationship will make all the difference.
  • Ask questions! A good Realtor is a resource and guide through out the purchase.
  • Discuss negotiating terms, contract terms and deadline's.
  • Know the meaning of terms that are specific to the purchase transaction; earnest money, contract contingencies (Due Diligence, Finance/Appraisal, Settlement/Closing).
  • Understand the laws of Recording, Occupancy, Possession & Utility transfer of ownership
  • Begin your home search begins with a targeted list of hot sheets provided by your Realtor.