10 Steps to Buying Your Home

Buying your home is a significant process, and working with a trusted real estate agent like Eve Keller, who utilizes Compass technology, can streamline the experience. Here are the detailed steps to buying a home with her assistance:

  1. Initial Consultation

  • Contact Eve Keller: Reach out to Eve as soon as you start thinking about buying your home.
  • Discuss Needs and Preferences: During the initial consultation, discuss your budget, desired neighborhoods, home features, and any other preferences.

  1. Pre-Approval for Mortgage

  • Find a Lender: Eve can recommend trusted mortgage lenders.
  • Get Pre-Approved: Submit financial documents to get pre-approved for a loan, which will help determine your budget and show sellers you are a serious buyer.

  1. Home Search

  • Utilize Compass Technology: Eve will use Compass’s advanced tools to find homes that match your criteria.
  • View Listings: Review the listings Eve sends you and select homes you want to tour.
  • Schedule Showings: Eve will arrange showings for the homes you’re interested in.

  1. Making an Offer

  • Evaluate the Home: Once you find a home you love, discuss the market analysis and property value with Eve.
  • Prepare the Offer: Eve will help you draft a competitive offer considering price, contingencies, and closing date.
  • Submit the Offer: Eve will submit the offer to the seller’s agent and negotiate on your behalf.

  1. Offer Acceptance

  • Negotiate Terms: If the seller counters, Eve will assist with negotiations to reach mutually agreeable terms.
  • Final Offer Agreement: Once both parties agree, the offer is accepted, and you proceed with the purchase process.

  1. Home Inspection and Appraisal

  • Schedule Inspections: Hire a home inspector to identify any issues with the property.
  • Review Inspection Report: Discuss any concerns with Eve and negotiate repairs or credits if necessary.
  • Appraisal: The lender will require an appraisal to ensure the home’s value matches the loan amount.

  1. Finalize Financing

  • Submit Documentation: Provide any additional documentation required by the lender.
  • Loan Approval: Complete the final steps to secure your mortgage.

  1. Closing Process

  • Review Closing Documents: Eve and your lender will guide you through the closing documents.
  • Final Walkthrough: Conduct a final walkthrough of the property to ensure it’s in the agreed-upon condition.
  • Closing Day: Sign all necessary documents and transfer funds. Eve will be present to ensure everything goes smoothly.

  1. Move In

  • Receive Keys: Once the transaction is complete, you’ll receive the keys to your new home.
  • Move In: Plan your move and settle into your new home.

  1. Filing your Homestead Redemption

  • A homestead exemption is a tax break for homeowners that reduces the taxable value of their primary residence.
  • It aims to make homeownership more affordable by lowering property taxes.

Bonus Tips

  • Stay Communicative: Keep in regular contact with Eve throughout the process.
  • Ask Questions: Don’t hesitate to ask Eve any questions you may have.

By following these steps with Eve Keller, Compass Realtor, you can navigate the home buying process effectively and find the perfect home in Indianapolis.

Dive deeper into each step in the next blog, Step 1.

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