Buying A Home
jesspacatc
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Explain this to me like I'm 5....
My Realtor explained the process again to be today, but my 33 week old brain couldn't retain it.
Look at house > crunch numbers with realtor > make offer > inspections > contract does that sound right?
Re: Explain this to me like I'm 5....
Basically.
I'd only point out that you would make an offer, get accepted, then do inspections and then close. Once the offer is accepted, you are in contract.
Good luck!
Lighthouse State Beach, Santa Cruz.
I would say...
Get preapproved > look at house > crunch numbers with REA > make offer > sign P&S > officially apply for loan > inspection > ask for repairs, if needed > wait for final approval.
Well sort of. I HIGHLY recommend you start with your financial situation and figure out how much you WANT to spend each month for housing (recommend amount is 25-28* of your TAKEHOME pay for mortgage+PMI+taxes+insurance+utilities+HOA - 30-35% if you are in a HCOL area) then go to a reverse calculator or lender or realtor to have that translated into a mortgage amount allowing for your downpayment and closing costs.
THEN - look at houses in your target range. Place off/negotiate price, when in agreement then then you have a contract followed by inspection (more negotiation if needed due to inspection results ), get mortgage and then close .