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Homebuying Process

Your Capstone Realty agent will help lead you through the entire homebuying process, but here are a few things that you can expect:

Before You Start Looking For Your New Home
  • Check your credit rating. Straighten out any errors before it is too late.
  • Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
  • Find a loan program that meets your needs and get pre-qualified (preferably pre-approved).

Searching for Your New Home
  • Choose an agent that you trust and who understands your needs.
  • Determine what neighborhood best matches your needs.
  • Identify important features you need your new home to have and communicate these needs and desires to your agent.
  • When possible, make sure that all decision-makers are present when looking at the houses.
  • Give feedback to your agent so they can refine the home search.

Preparing an Offer and Preparing to Buy Your Home
  • Work with your agent to create an offer, making sure that the offer will not exceed what you can afford.
  • Your agent will help you go through the negotiation process, ensuring that you receive the best price possible.
  • Once an offer is accepted, you will begin the closing process.
  • Apply for your loan.

Closing Costs to Expect
  • Lender fees include charges for loan processing, underwriting, preparation and establishing an escrow account.
  • Third-party fees include charges for insurance, title search, and other inspections such as termites.
  • Government fees include deed recording and state & local mortgage taxes.
  • Escrow and interest fees include homeowner's insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.

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