Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by our team will help reduce the stress of buying a home and help you enjoy the journey as much as possible.
Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching. In addition to looking for homes that interest you, also take note of any changes in asking prices. This could give you valuable insight into housing trends in specific neighborhoods and help you when the time comes to make an offer.
Notice we said to decide on your budget—not determine how much the mortgage company will give you. In many cases, a mortgage company will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home.
Just because you think you can afford a certain payment every month doesn’t mean the mortgage company will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you get your heart set on a home, talk to a mortgage professional to find out what amount you can qualify for. This will also be an advantage when you make an offer on a home, as some sellers won’t entertain offers from those who aren’t already prequalified for a loan.
Can you shop for, look at, and ultimately make an offer on a home without a real estate agent? Technically yes, but why would you when it costs you nothing for agents like us to take much of the stress off your shoulders? Not only will we help identify properties you might be interested in, arrange showings, and ultimately handle the offer process, but we also have knowledge of the market that you don’t possess. Finding the perfect home can be a daunting task, this is where our expertise and wealth of knowledge come into play. Let us show you around some homes that meet your dream home criteria so you can find the one that's right for you.
Our goal is to provide you with the most personalized service that is designed to help you buy your dream home
This should be the most enjoyable step of the entire process (other than moving in!). We will arrange showings of homes you’re interested in that are within your price range. Take notes about what you like and don’t like, and make sure to pay attention to details. Turn light switches on and off, open and close doors, and run the faucets in various rooms. Don’t limit your inspection to the home itself. Make sure to take time to explore the neighborhood and keep an eye on traffic at certain times of the day, the parking situation, and how close it is to necessities like schools and grocery stores.
Once you have selected the perfect home, work with your agent to craft a fair offer based on the value of comparable homes on the market. Depending on what the home is listed at and whether the current environment is a buyer’s or seller’s market, your offer may be below, at, or even above the asking price. We will be able to help you negotiate if you receive a counteroffer and reach an agreement. At this point, the house will go into escrow.
In most cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. We can help you arrange this, and you can schedule it within days of making an offer. If there are no major issues, the process goes to step eight. If there is, you can renegotiate your offer based on what needs to be fixed, or you can withdraw it.
Now is the time to go back to the mortgage lender who pre-approved or pre-qualified you and choose your mortgage. You will be presented with various options based on your unique financial situation, including fixed-rate, variable-rate, 15-year, 30-year, or special programs such as VA loans or FHA loans. Work with your mortgage lender to select the option you feel the most comfortable with.
Your lender will have your new home appraised so they have their independent value of it. The appraisal is to ensure that all parties involved are paying a fair price for the house.
No one looks forward to all the paperwork involved in buying a home, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and title company and, when you’re finished, you’ll know you are the legal owner of your new home.
After signing the final paperwork to complete the purchase, you are now the owner of a new house. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the home of your dreams.
David made selling my house so easy and not stressful. He was very patient with all of my questions and if he didn’t know the answer he always got back to me quickly. He was supportive and patient throughout the process I would highly recommend him for all of your real estate needs.— Judy C.
We recently worked with David for the sale of our house. He was very easy to work with. He was extremely professional, responsive, knowledgeable, and friendly. I highly recommend working with him!— Nate H.
We began our search for a new home in Massachusetts. We placed many offers and received many rejections. We decided to start our home search in NH. We met Alexis who took the time to listen to our needs in regards to our home search. She was very knowledgeable, and friendly and she made sure she was available when my husband and I had questions. We made an offer on the first home we saw and loved in NH and we were under contract 48 hours later. As new homeowners, Alexis took the time to walk us through every step of the closing process. She was constantly checking in and in contact with our lenders and the sellers. We closed very close to our tentat...— Diana & Jose
Alexis was fantastic! I was very involved in helping my dad get his house sold, and Alexis was his realtor. As a result, Alexis had to navigate both of our schedules, as well as field questions and phone calls from both him and me. Throughout all of it, Alexis never skipped a beat and was completely professional! Right from the first day of asking questions and discussing what the process would involve, to the showings and open house, to going over offers and what they all meant, to the final day of closing, Alexis had so much patience and was always in communication with us! I would have no hesitation recommending Alexis to anyone in need of a real...— Sarah D.
Timothy Morgan was our listing agent for a property we recently sold. We cannot say enough great things about him. From the minute he walked through the door for our first appointment until the minute we closed, he was a wealth of information. He works hard to protect our investment as sellers. We couldn't have asked for a more communicative, skilled, and qualified agent. If you are looking to list your house, Tim will get you the very best you can get. He will communicate with you and let you know what's going on every step of the way. If your listing is in New Hampshire, Timothy Morgan should be your first choice!— Seller
Tim was very knowledgeable about the areas I was shopping in and the types of homes I was interested in. He did a great job understanding my wants or needs and helped me find a great home within my budget that met them! He is very quick to respond to any questions and concerns, and was able to help me navigate the process as a first-time home buyer!— Craig
Alexis is the best agent anyone can have! She gave her 110% Alexis helped us get our forever home. Very responsible, very professional, and negotiating was great and always helpful. Having Alexis as our agent was the best decision we ever made. Thank you always and forever for making this happen for the Hernandez family.— Omayra R.
Tim came highly recommended to my husband and I by a work colleague. After meeting with Tim, we knew we were putting our condo into good hands! From start to closing, Tim made the entire process go seamlessly. We are already looking forward to working with him again from a buyer perspective.— Buyer
My partner and I just closed on our first home with the amazing help from Alexis. She is incredibly knowledgeable and so much fun to work with. She would always respond quickly to set up showings and worked with us to make sure we understood and were comfortable with the whole process.— Amanda D.
Despite difficult buyers, Alexis maintained strong professionalism, patience, and communication skills throughout the entire process. We are so grateful for our experience, and happily recommend Alexis! Thank you!— Melissa W.
Working with Tim was like having an experienced friend help you. He was available, and prompt, and kept the process simple. Everything went smoothly. We'd highly recommend Tim.— Nancy B.
He was very kind and answered questions quickly No matter the time. Very detailed and overall great! My experience was good With him recommend it!— Gabriela R.
Experience exceptional service with The Morgan Move Team. Contact us now to discover unparalleled dedication and expertise, ensuring a seamless and satisfying real estate journey tailored just for you.