Darin Rich, Realtor
RE/MAX Realty Group
6 Montgomery Village Ave
Gaithersburg, MD 20879
you're a first-time buyer, a move-up buyer, downsizing or relocating
from out of state, the process of buying a home can be overwhelming. My
goal is to take the fear out of the home-buying process and the best way
to do that is by sharing my knowledge and offering exceptional customer
Here is my step-by-step process of buying a home;
Step 1: Get Prequalified By A Lender
you start looking at properties, you'll need to know how much you
can actually afford. Many buyer's visit open houses or have a Realtor
show them properties before even talking with a lender which could
potentially lead to a missed opportunity. Being financially prepared
puts you in a better position to successfully negotiate a winning
contract. I was a residential loan officer for fourteen years prior to
becoming a Realtor in 2009. My extensive knowledge of the lending
industry has proven to be a valuable asset for my clients. If you don't
have a lender or you need a recommendation, I can put you in touch with
lenders that meet your specific needs.
Be sure you talk with
the lender to understand all the costs involved with the transaction so
there are no surprises. Closing costs can include (but are not limited
to) property inspection fees, appraisal fees, down payment, title
fees, attorney fees, and lender fees. Often times a seller closing cost
credit can be negotiated in the contract to help minimize your out of
pocket expense. Again, this is something I'm well-versed in and I'm able
to guide you through the whole process.
Step 2: Prepare For The Property Search
your wish list of everything you want and need in your new home; i.e,
many bedrooms and bathrooms, how big do you want the kitchen to be? Do
you want a finished basement? Do you need a big yard for your kids
and/or pets to play in? Jot down everything that's important to you.
Once you've made a list of your must-have's, think about the kind of neighborhood you want, schools in the area, the length of your commute to and from work, and the convenience of local shopping. Consider taking a drive through neighborhoods in areas you're interested in. Knowing where you want to be and where you don't helps you narrow down your search.
Step 3: Scheduling And Touring properties
you're first starting out there may be a large list of potential
properties for you to consider. I always suggest taking a little extra
time to read through all the features of the property listings and view
the property photos for obvious reasons you may want to remove a
property from your list. This will help you be more efficient with your
time. If possible, try and limit touring no more than four properties at
a time. Features of the properties tend to run together if you see too
many during an outing.
Step 4: Writing An Offer
Once you find that perfect property it's time to prepare an offer. The terms of the offer will be unique to your personal needs. Deciding on the appropriate offer price is important so understanding current market conditions and values are necessary components. I spend a lot of time keeping up with market trends and monitoring values so I can confidently guide you through the process.
Please contact me for more information regarding the buying process. I'm here to help!