WAKE UP
STOP DREAMING
OWN YOUR DREAM
We are taking the confusion out of buying a home. Follow the steps to own your dream.
Some Fun Facts
37%
OF BUYERS ARE FIRST TIME BUYERS
35
IS THE MEDIAN AGE
7%
TYPICAL DOWN PAYMENT FOR FIRST TIME BUYERS
4
YEARS IS THE AVERAGE AMOUNT OF TIME FIRST TIME BUYERS PLAN TO STAY IN THEIR HOME
STEP 1:
What's holding you back from buying?
There are many things that can hold potential buyers back from buying a home. Many young people today have expensive student loan payments or damaged credit scores. Some don't have the money for a down payment and others are not ready to settle down in one place. No matter the obstacle you may face, we have some helpful tips and solutions to walk you through the process.
Learn more about what's holding you back.
STEP 2:
Why is getting on pre-approved so important?
Getting pre-approved is one of the most important steps in buying a home for a variety of reasons. By going through the mortgage process up-front, you will know exactly how much house you can afford. Getting pre-approved makes you "ready to buy" and will allow you to write a confident offer on a listing when you find one you want to purchase. It also prevents you from falling in love with a home you can't afford and can even give you leverage should you enter a multiple offer situation where you will compete with other buyers for the same home.
During this process, the lender will start by pulling your credit report. You can get started now by gathering your W-2 wage statements, 1099s, recent pay stubs, bank statements, and statements from Individual Retirement Accounts and 401(k)s and other assets that show you have the resources to buy a home.
Find out how much house you can afford with this mortgage calculator: PrimeLending Mortgage Calculator
To get pre-approved, contact one of our mortgage lenders at PrimeLending.
STEP 3:
Find a REALTOR®
It's important to find the right REALTOR® at the beginning of the process. After all, you wouldn't go to court without a lawyer! Your REALTOR® will be there to walk you through every step of the way. They will work to find the right home for YOU and will negotiate on your behalf. Oh, and did we mention the paperwork? You will find that buying a home comes with loads of it and your REALTOR® will help you fill it out correctly. The best part is, as a buyer, it doesn't cost you anything. REALTORS® work on commission and will get paid out of the fees the seller pays to sell their home.
Want to learn more? We highly recommend asking your REALTOR® to do a buyers' presentation and workshop with you. This presentation will show you in more detail what you can expect throughout the home buying process.
STEP 4:
Begin Your Home Search
This is undoubtedly the most fun part of the process, but at times it can be a little overwhelming and even a bit frustrating. Writing down a list of priorities in a home before you start looking can keep you focused during the search.
You can find homes for sale in Ohio by going to ColdwellBankerIsHome.com.
STEP 5:
Offers and Negotiations
Write an offer
Once you have found "the house," you will want to write an offer quickly (this is another reason why it's important to be pre-approved!) Your REALTOR® will help you with all the details.
Negotiations
There may be some back-and-forth offers between you and the seller before you come to an agreement. Negotiations cover items such as the selling price of the home, whether or not closing costs will be paid and what items will stay with the home such as window treatments or appliances. This can be an exciting, yet stressful time and requires some patience.
An Accepted Offer
An accepted offer means you are officially "under contract" for the home. The good news is, at this point no one can buy the house out from under you! However, it's not a done-deal yet...
STEP 6:
Inspections
It is recommend you hire an inspector to point out any current (or future!) problems with the home. This can save you a lot of money and headaches later on. Certain loans may even require you to get an inspection.
- Whole-house inspections cost around $400 so keep this in mind when planning your savings budget.
- More specific inspections, such as roof, foundation, or fireplace will be an additional cost to keep in mind.
Any problems needing to be fixed will need to be negotiated with the seller unless you're buying a home being sold "as is." (Often this includes HUD or short sale homes.)
STEP 7:
Closing
Once the closing is finalized, you will officially be a home-owner.
Congratulations!
Use this moving checklist to wrap up loose ends.
What to do after buying your home:
Be sure to check out our Concierge list of recommended professionals for a variety of problems you may run into, or updates you want to add to your home such as remodeling, flooring, painting, etc.
CONTACT
We like to help people buy homes. Feel free to say hello.
Our Corporate Office
Address: 4060 Executive Drive, Dayton, OH 45430
Phone: (937) 985-1004
Email: dream@coldwellbanker.com
Our Local Offices
Address: Find Our Nearest Sales Office
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© 2024 Coldwell Banker HERITAGE, HERITAGE HOME SERVICES LLC
© 2024 Dayton Area Board of Realtors. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Dayton Area Board of Realtors and the Broker Reciprocity Program. Real estate listings held by brokerage firms other than Dayton Ohio MLS (DTON) - 48 - OH are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Richmond MLS of the Indiana Board of REALTORS®.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the West Ohio Board of REALTORS®. The information is being provided by CincyMLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2023 CincyMLS. All Rights Reserved.
© 2024 Coldwell Banker Heritage - (937) 429-4500.
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4060 Executive Dr, Dayton, Ohio 45430
Phone: (937) 429-4500
Licensed Real Estate Broker
State of Ohio
© 2024 Coldwell Banker Heritage. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Heritage fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
