Buyers need a basic overview. This is especially true for first-time home buyers who aren't familiar with the process. Bear in mind that the steps in the home buying process can vary from state to state, depending on local custom.
However, when you strip away all of the crap—which may or may not
happen to you—there are only five basic steps to buying a home. You can
do these five steps in any order you want.
Hire an Agent
You don't have to hire a buyer's agent if you prefer to go to open houses and look through a mumbo-jumbo of homes online, but hiring an agent will save you time. Here's why:
- An agent can send you listings directly from MLS that fit your parameters, and you won't waste time looking at active short contingent listings that are under contract.
- Agents often know of new listings coming up that are not yet on the market.
- You can waste the agent's gas and not your own when you tour homes.
- Some agents will preview homes for you.
- An agent can generally spot overpriced listings and advise you accordingly.
Related Article: Homeowners Insurance Tips
However, when you strip away all of the crap—which may or may not
happen to you—there are only five basic steps to buying a home. You can
do these five steps in any order you want.
Hire an Agent
You don't have to hire a buyer's agent if you prefer to go to open houses and look through a mumbo-jumbo of homes online, but hiring an agent will save you time. Here's why:
- An agent can send you listings directly from MLS that fit your parameters, and you won't waste time looking at active short contingent listings that are under contract.
- Agents often know of new listings coming up that are not yet on the market.
- You can waste the agent's gas and not your own when you tour homes.
- Some agents will preview homes for you.
- An agent can generally spot overpriced listings and advise you accordingly.
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