For most people, buying their house is the biggest financial decision they will make in their lifetime. The process can be long and involved, and it pays to know what the entire process looks like beforehand. In this article, we will walk through step by step what the process of buying a house in [Profile.market2] is like.

The first step is usually to apply for a mortgage. In the process of applying for your mortgage, you will be able to figure out exactly how much you can afford to spend on a house based on your cash on hand and the amount you're willing to spend on a monthly basis. Based on these numbers, you can start looking at houses in your price range.

Sometimes buyers start looking at houses before they've applied for a mortgage. The process could go a little slower this way, but it does work as well. You could even do both simultaneously.

The next step is to take a good hard look at all the houses in [Profile.market2] that interest you. Working with an experienced real estate agent local to the area can go a long way. Remember to look at many houses before you settle on the one that you want to buy.

Once you've found a house you like, the next step is the offer and negotiation phase. Once you make an offer, the seller and their agent will usually make a counter offer. This goes back and forth until an agreement is made.

Finally, the last step of the process is the closing or paperwork step. This is the step in which the seller is paid, the contracts are signed, the loan papers are signed, the deep is signed over, title and title insurance are taken care of, closing costs are paid and real estate agents are paid. Usually in closing keys are handed over as well, although you should change your lock when you move in to your new house.

Alicia Naiman is a CA Realtor® and Real Estate Appraiser specializing in Folsom CA Real Estate.  For complete information about the Folsom, CA real estate market including a free list of current homes for sale, property values and more please visit the most complete website online dedicated to everything Folsom CA Real Estate at http://www.livinginfolsomtoday.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than happy to answer them!

Call me at 916-502-4420 or email me at anaiman@connectrealty.com.

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 Tags: Folsom California Real Estate, folsom ca first time homebuyer, folsom ca agent, folsom ca real estate

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Alicia Naiman

Folsom, CA

Contact Alicia Naiman