Getting ready to buy your first house can feel overwhelming at first. Don’t worry! You don’t have to figure it out alone. With the right guidance, the process is easier than it seems. Follow these 10 simple steps, and you’ll be on your way to owning your dream home!
Steps to Buying a House
1. Are you ready to buy your first house?
Whether you’re ready to buy your first house or purchasing again, buying a house requires both financial and emotional decisions. Therefore, you need a team of reliable professionals. The David Fountain Team has guided many homebuyers through the entire process. As a result, you can lean on us—we do this every day.
2. Get a Realtor®
In the maze of forms, financing, inspections, pricing, and negotiations, working with a knowledgeable professional makes sense. First, our team guides you through every step of the home purchase. Next, from finding a home to making an offer and closing, we work tirelessly behind the scenes. As a result, your homebuying experience becomes enjoyable and stress-free.
3. Get a mortgage pre-approval
Most first-time buyers need financing. Thus, a consultation with a mortgage lender is crucial. Additionally, in a competitive market like Nashville, pre-approval gives you an advantage. Next, click here to see our preferred local lenders and determine how much you can afford before you start searching. This is an essential step to be ready to buy your first house.
4. Look at homes
This is the fun part! First, a quick search on our site shows thousands of homes in the Greater Nashville Area. Our home search engine connects directly to the local MLS. Additionally, Realtracs offers a user-friendly app, HomeSnap, with updated listings on your phone, tablet, or laptop. To save time, schedule a free buyer consultation with David or his Team. Then, we’ll help you narrow priorities and make informed decisions.
5. Choose your first house
No one can predict housing values. However, buying a home that meets your needs and priorities ensures you’ll enjoy living there for years.
6. Get funding
Financing your home often costs more than the home itself, including interest, taxes, and closing costs. Therefore, gather information on mortgage options and related costs. Additionally, current low rates may surprise you. The David Fountain Team works with top local lenders offering loans with closing cost assistance and no money down. Ultimately, your financial situation and goals determine the best loan. As a result, we guide you to the right lender and loan choice.
7. Make an offer
Buying a home involves both price and terms. In fact, terms can add or save thousands of dollars. Therefore, David and his Team guide you to negotiate the best price and maximize your savings.
8. Get insurance
No one drives a car without insurance, so homeowners shouldn’t skip coverage either. Specifically, home insurance protects against disasters and satisfies lender requirements before closing. Additionally, we help you find the best local insurance with competitive rates. As a bonus, lower insurance costs reduce your monthly mortgage.
9. Closing
Closing, also called settlement or escrow, now uses automated processes. In practice, it brings together all parties involved in the transaction. Moreover, David and his Team connect you with top Title Companies in the Nashville area.
10. What’s next?
You’ve done it! You’ve viewed properties, made an offer, secured financing, passed inspections, cleared the appraisal, and closed. Finally, your first house is yours.
