The 9 Steps to Home Ownership

Step 1 - Make the Decision to Buy

It seems obvious, but it's good to note that the first step to buying a house is making the decision to buy. Consider the reasons you want a new house and write them down. Determine how long you want to live in the new house.

Step 2 - Seek Professional Guidance

Schedule a time to meet with an informed professional from Fairway Independent Mortgage (484) 224-2985 to go over the reasons you want to buy a house and your plans for the future. You'll talk about neighborhoods, schools, economic factors liable to affect the market today and tomorrow, as well as how you would like your house and neighborhood to grow with you.

At this time, they will also help you get pre-qualified for a mortgage loan. Pre-qualification is a written statement indicating that you will be approved for a mortgage loan up to a certain amount. The fact that you are pre-qualified will help you when you are negotiating the deal.

Step 3 - Begin the Hunt

After your meeting feel free to use all the tools available on our website to help you find your perfect home. As you tour houses, feel free to call us if you would like advice on where to find what. You are the only one that knows EXACTLY what YOU want in your new home, but we are happy to help in any way we can.

Step 4 - Know the Market

It is important to know the market conditions when you plan on making a move. Again feel free to contact us, we have knowledgeable contacts that would be glad to help out.

In a "seller's market", it is not unusual to see multiple offers on a property, full-price offers and even above-price offers. On the flip side, during a "buyer's market" there are more houses for sale than buyers. This gives you more negotiating room as houses are taking longer to sell.

Step 5 - Find Your Dream House

We're confident you'll find your dream house. When you do, let us know so that we can put you in contact with someone who can help you with making an offer.

Step 6 - Negotiate the Deal

It is not uncommon to receive a counter offer when the initial purchase offer is submitted. Don't let this discourage you.

Market conditions will play a role in how aggressively you should negotiate the deal. Remember to work within your limits. Emotions can lead to buyer's remorse. It is better to set limits prior to negotiating an offer and stick to these limits.

Step 7 - Get a Loan

After the bid is accepted and a contract is drawn Fairway Independent Mortgage will begin the process of getting you the money. Since you are pre-qualified for the loan before starting your home search, you will be that much closer to the end.

Step 8 - Close the Deal

At closing you will receive and sign all the information of your new home loan and best of all you will receive the keys to your new dream home!

Step 9 - Move In

Congratulations! It's time to move into your new house and make it your home. Enjoy this exciting time. We can give you a checklist to help you remember the numerous details that will make your moving day a pleasure.

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