Determine How Much You Can Afford

After you’ve made the choice to purchase a home in Commerce Township, it’s crucial to assess your affordability. Start by using resources such as the Zillow affordability calculator or mortgagecalculator.org to gauge how much you can comfortably afford.

Define Your Search Preferences

Clarify your search criteria by outlining your preferences. Consider factors such as desired school districts, preferred cities, and the number of bedrooms or bathrooms you require. Determine if you prefer city water over well water, and whether amenities like a garage or basement are essential. By focusing on properties that meet these criteria, you can gain valuable insights into specific areas, properties, and pricing trends.

Obtain Pre-Approval from a Lender

Securing mortgage financing is essential for most homebuyers. A pre-approval shows sellers you’re serious. To get pre-approved, a lender checks your credit and financial info. Once approved, you’ll receive a letter stating the loan amount. Remember, approval doesn’t mean you must spend that amount. Review your budget to decide what works best.

Choose a Excellent Real Estate Agent

This step is straightforward; you’ve already discovered one!

Begin Exploring Properties

Now, the exciting part begins—visiting properties in person! If you already have specific properties in mind, I can arrange tours for us to view them promptly. Alternatively, if you’re open to options, I’ll curate a selection of properties from the MLS that align with your search criteria, and we can start exploring from there!

Submit Your Offer!

Together, we’ll craft an offer tailored to your needs and designed to maximize your chances of acceptance.

Secure Your Mortgage

After receiving an accepted offer, the next step is to apply for a loan and secure your financing. You can opt to work with the lender who provided your pre-approval letter or explore other options. It’s advisable to obtain multiple quotes to compare interest rates and fees, ensuring you select the lender offering the most favorable terms.

Arrange for a Home Inspection

Many offers include an inspection contingency, providing the opportunity to withdraw from the deal if any issues arise during the inspection. Ensure to select a reputable home inspection company with positive reviews to conduct a thorough examination of the property.

Obtain Insurance and Arrange Utility Transfers

Obtain quotes from at least three insurance companies to secure the best rate. Transferring utilities is a straightforward process—contact the utility company and arrange for the transfer of services into your name on the closing date.

Complete Your Purchase in Commerce Township!

It’s closing day! Today marks the official purchase of your Commerce Township home. During the closing, the buyer, seller, and title company will convene to sign the required paperwork. You’ll sign numerous documents, primarily concerning your mortgage. Once all the paperwork is signed, the house officially becomes yours!