5 Steps to Buying a House in Utah

5 Steps to Buying a House in Utah
5 steps to Buying a House in Utah There are 5 steps to buying a home today without stress and worries.
First, make the decision that you want to own a home. Whether it be that you are tired of renting and want to paint your home without someone’s permission, or if first time home buyer and want to take advantage of the low prices and rates. Decide that this is what you want to do and do it.
Second, look at your finances and determine what you can afford to pay each month for a mortgage. Then go to a mortgage professional and do a full pre-qualification. This includes pulling your credit. This may sound painful, but it is important to see how your credit is doing and what needs to be fixed. Even if you are considering buying months from now, have your credit checked now. That way, if there is a problem then there is time to fix it. Understand, that you are trusting the lender to help you get a loan, so make sure they close loans on a regular basis and have plenty of experience. This may not be the time to ask cousin Joe if he still does loans.
Third, understand the process of buying a home. What is a short sale, what is a HUD home, what are foreclosures. This includes getting a copy of the real estate contract we use to purchase homes and reading it. It is a very powerful contract for buyers and allows you to cancel for three different reasons.
Fourth, start looking at homes available and have a professional that represents you show you the homes (there is no cost for this). Often people start with this step and then worry about financing or the process. But believe me it is worth waiting to get your ducks in a row. Finally, inspect the home for any major errors or defect. There is no perfect house, but you definitely want to know if there are any major issues. Once this is done, then review the loan and final steps with your loan officer and real estate agent. After an appraisal and final underwriting, you last stop is to sign the final loan papers and the house is yours.


Realty Experts,
Realty Experts Inc
1539 E 8730 S
Sandy UT 84093
(801) 449-1004 Mobile
Contact@UtahHomeListings.com http://www.UtahHomeListings.com
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Press This Twitter Facebook Like this: Like Be the first to like this. Posted on February 7, 2013 by realtyexpertsutah. This entry was posted in buying a home in utah, homes in utah, houses in utah, hud homes, real estate utah, utah homes, Utah Housing and tagged buy a home in utha, buy a hud home, foreclosures in utah, homes in salt lake, real estate utah, utah housing, utah real estate.