Buying a Home - A Path from Getting Started to Closing
||The path to your new home involves a lot of activity. 25% of the journey is to find a home that best suits you. 75% of the journey is to get the property to the closing table. This path may help you understand the proper steps to take in your home purchase.
1. THINKING ABOUT BUYING A HOME
Buying a home is probably the biggest financial investment you'll ever make. It's not just a dollars-and-cents investment; it's an investment in your life. It creates a sense of stability and identity for you and your family. Regardless of how times change, owning a home remains the cornerstone of the American dream.
- Is it time for a different home? Do you need more space for a growing family? Do you need less space now that the kids are grown? Do you want to travel and not worry about keeping up a yard?
- Is it time to stop renting and to buy your own home? Do you have the financial resources to purchase a new home?
When the benefits of owning a home align with your current lifestyle, we ask you to begin your home buying process with Semonin Realtors. Let our hundreds of agents and thousands of hours of experience make your home buying process easier and fun.
2. USE SEMONIN FOR INFORMATION AND RESEARCH
If you need information about real estate, Semonin is the right company. We have hundreds of knowledgeable agents ready to help with any question you have about buying real estate property. Our website has many different ways to search for homes currently on the market. We also offer market updates on our blog site. Let Semonin be the place for your information needs.
Search homes for sale on Semonin.com. We have many different ways to search for homes and we have thousands of homes to view. All brokerage offered real estate listings in our marketplace appear on this website when sellers desire their homes to be viewed on the internet. We are a total inventory brokerage company. Below are some of the search methods available.
- Use our quick search feature located on most non-property pages of our website. Search by address, county, street number, street name, zip code, MLS number or Hotline number.
- Click on FIND A PROPERTY in the menu at the top of every page to begin our area searches. We ask you which market you want to search: Elizabethtown/Fort Knox area, Greater Louisville area, or Southern Indiana area. Once selected... you are off to start your home search.
- Our website offers many of the standard tools which let you search by Map, by Subdivision, by Radius, or by MLS #. Once you begin a search you will see the menu tabs for all of these searches.
- Try our unique "Search by Payment" tool which lets you enter mortgage parameters first, calculate a price range next, then add the rest of your criteria like beds, baths, and other features.
- We have made finding open houses easy. We display upcoming open houses on our home page. We have made a special search called Open Homes and have also placed a checkbox on the other search options that will find just open houses.
Use Semonin's "Property Watch" notification/shopping cart system to keep you updated on homes that meet your criteria. Click here to begin using your personal "Property Watch"
Visit our blog site at blog.semonin.com to find out information about our local market.
3. THINK FINANCING AND CONTACT A MORTGAGE LENDER
When you are a serious buyer you need to get serious about financing the purchase of a new home. You may be able to pay cash and not worry about a mortgage. Most people are not able to do this. The sooner you meet with a mortgage lender, the sooner you will feel confident about making offers on homes that match your lifestyle and meet your financial parameters.
Mortgage consultants can look at your income and finances and provide you with knowledge to move forward with confidence. You may need to spruce up your credit rating by paying off some items. You may have something appear on your credit report that you were completely unaware was there. Mortgage consultants can help you prepare your finances so when the time comes to make an offer on the house you really want, you can sign with confidence.
Click Here to review our Affiliated Business Arrangement Disclosure
||for HomeServices Lending our affiliated mortgage lending company.
||to answer a few more questions about how much you can afford.
||to answer some questions about costs and financing.
4. READY TO GET STARTED WITH A SEMONIN BUYER'S AGENT
When you are ready to buy, we are ready to help. It makes sense to connect with a Semonin agent that is trained to represent you in the buying process. Your Semonin agent will help your home search go more smoothly by using their experience to find information on properties, communicate with the listing agent, and help negotiate the purchase contract. Why not get assistance early in the process? Get the most value and start working with one of our agents as soon as you can.
Did you know the seller pays the commission for both the buyer's agent and the seller's agent? The real estate commission is paid to the listing company which then pays the buyer's agent's company at closing. Semonin agents are ready, willing and able to assist you in finding your next home or parcel of land.
||if you are a first time home buyer. Semonin has seminars especially for you.
||if you have a few more questions about working with a Semonin agent.
5. FIND THE HOME OF YOUR DREAMS
There are many choices to make when you are looking for a new home. Some of the first choices involve finding information. Websites are great but real estate agents are even better. They know things that do not show up on websites. When you are working with a Semonin agent, they can look out for those extra special features you desire, want or need.
Our agents can set up search criteria in our real estate systems to keep you updated and make appointments with listing agents to get you into the houses for a showing.Semonin agents working with buyers can work with any real estate agent in the marketplace. We can help you see any home listed by one of our Semonin agents or any other agent.
6. MAKE AN OFFER WITH EXPERIENCE BESIDE YOU
At some point, maybe after seeing just two homes or maybe after many home visits, you will find the home or land parcel that fits your lifestyle and your finances. At this point, you make an offer to the seller. When you work with a Semonin agent, we are right there with you to create the offer to purchase. We help you note the terms and conditions you would like to make in the offer.
In most anything we do each day there is nothing like experience. We know you do not buy homes everyday. The thing is... Semonin does buy and sell homes most every day. Let our hundreds of agents and thousands of hours of experience work for you.
||to find out some more information about negotiating the purchase of a home or parcel of land.
7. HOME INSPECTIONS, COUNTER OFFERS AND MORE
Most of the time an offer to purchase will involve a home inspection. Just think about the average house and all the items behind walls, up in attics, and down in crawl spaces. Your dream home may pass with flying colors but many times the inspectors recommend repairs or adjustments. If your offer to purchase states it is based upon a home inspection, repairs might need to be made.
You also have counter offers from the seller to review. They may not like the price you offered and ask for more. They may not want to leave the washer and dryer behind. Negotiations are what realtors do every day. Semonin agents work with many different groups of people to keep the home buying process moving.
8. PROTECT YOUR INVESTMENT: HOME WARRANTIES & INSURANCE
If you have not thought about a home warranty on your home purchase now is a good time. A Semonin agent will discuss the home warranty when you make an offer. Sometimes the seller has purchased a home warranty and offers it with the sale of the home. The warranties come in different varieties and are offered by different companies. Just know this is a good item to have in your possession when you purchase a new home.
Home insurance is very important to protect your investment. If your home is getting bigger, your policy should grow with the size of your home. You also want to review the value placed on the contents of your home.
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||to view more information about HomeServices Title insurance.
9. CLOSING ON YOUR HOME & BEYOND
At some point in your future you will close on the home where you meet with the seller(s), attorney, and real estate agents. You will have lots of paperwork to sign; after the closing, remember to keep all those papers in a place you can find later. You will need them for home warranty issues and for filing taxes in some cases.
After the closing, you get to move into your new place. Remember to contact the utility companies, post office, friends and family, and all the individuals and entities that knew you by your old address.
Welcome to your new home!