Most homebuyers will need to make a down payment, which is typically 5% to 20% of the home’s purchase price. Saving for a down payment can take time, so start early and be sure to have enough funds set aside to cover this cost.
Your credit score is a major factor in determining whether you’ll qualify for a mortgage and what interest rate you’ll receive. Check your credit score and make sure it’s in good shape before applying for a mortgage.
Before you start house hunting, it’s necessary to get pre-approved for a mortgage. This will give you a better idea of what you can afford and help you stay within your budget. We will assist you in finding or locating a mortgage lender to get pre-approval on the home purchase.
Research the neighborhoods you’re interested in and make sure they have the amenities and features that are important to you. Consider factors such as school districts, commute times, and whatever is important to you.
A good real estate agent can help you find the right home, negotiate a fair price, and guide you through the buying process. Our strong reputation and experience in the area set us apart.
1. Earnest money:

Identify the amount of earnest money you feel comfortable sharing with the seller to prove you want to buy their home.
2. Money for a down payment:

Work with your mortgage lender to determine what the best down payment is for you.
3. Money for closing costs:

It’s helpful to remember closing costs are 1% to 4% of the loan amount. Sometimes these costs can be negotiated into the sales contract.
4. Money for inspections:

Work with a home inspector to determine if there are any serious problems with your home before buying.
Determine your needs
Discuss agency agreement
Discuss financing
Find the right loan and lender
Get a pre-approval letter
Complete the loan application
Look at homes based on your criteria
Evaluate each property
Select the right home
Review comparable properties, market trends, and area statistics
Determine an offer price
Decide on terms (inspections, special agreements, possession date, etc.)
Prepare earnest money deposit
Complete financing
Review seller’s disclosures
Negotiate terms and possible counteroffers
Arrive at an agreed sales contract
Deposit earnest money
Verify insurability and arrange for hazard insurance
Review the preliminary title report
Obtain and review a survey
Obtain inspections|
Remove any remaining contingencies
Arrange for a home warranty
Arrange for a moving company
Final walk-through of the property
Arrange for a closing and signing of documents
Loan funding
Obtain keys and Move in!
1608 S LINDBERGH BLVD ST. LOUIS, MO 63131
1608 S LINDBERGH BLVD ST. LOUIS, MO 63131
