The 7 Step Process to Home Buying in Nashville
Congratulations on your decision to Buy a Home in Nashville. We've outlined the 7 major steps of the process, to give you insight on what's up ahead.
Step 1: Create a Home Wish List
Answer these questions: What is important in a neighborhood to you? What is important in a home?
Step 2: Get Prequalified Or Preapproved.
Your preapproved status lets the seller know:
* You have gone through an extensive financial background check.
* A lender is willing to do business with you.
* The likelihood of unexpected obstacles regarding financing is minimal.
Step 3: Let The House Hunting Begin!
Now you are ready to embark on your Nashville home search! During this step, you will further refine your wish list, wants, and needs in a home and neighborhood.
Remember to bring a notepad, pen and camera to help you remember details of each property.
Step 4: Make An Offer.
When you're ready to make an offer on a home, KPG will help you determine the offer price by reviewing recent sales of homes similar in size, quality and amenities.
Step 5: Strike A Deal.
Sometimes, you get lucky and the seller accepts your offer as is. However, in most instances, the seller will make a counteroffer. This is where KPG experience in negotiations will be invaluable.
Some of the items you may negotiate:
Financing | Closing costs and concessions
Repairs and Upgrades | Appliances and Fixtures
Landscaping | Painting | Move-in date
Step 6: Prepare For The Closing.
When an offer becomes a binding agreement, Kirkwood Property Group will help you tackle the checklist of action items that you, as the buyer, have agreed to perform prior to closing. Depending on how the responsibilities are divvied up in the agreement, this is typically when you will:
* Conduct a home inspection.
* Get an appraisal and finalize your financing.
* Secure title and home insurance.
Step 7: Close The Deal.
The moment you've been anticipating has arrived. The closing is where home ownership is legally transferred from the seller to the buyer.