Buying Real Estate
Buying a home is the largest financial decision many people will ever experience. For both buyers and sellers there are many complicated factors involved in this important process. Working through the details of such an important transaction can often be confusing, time consuming, and overwhelming when going through the process on one's own. Enlisting the professional help of a Realtor® makes a complicated experience easier and more satisfying for everyone involved.
Here at The Lachicotte Company, we have many Realtors® who are ready to assist you in this journey. Please contact one of our professionals about beginning this process and to find out how to start.
THE HOME BUYING PROCESS:
Step One - Loan Approval
You've probably heard about pre-qualification and pre-approval for a loan, but did you know there is a difference between the two? Pre-qualification is where you have an informal meeting with a lender and tell them about your income and your debts and how much money you have available for a down payment and the lender will tell you what loan amount you should qualify for based on what you told them. However, in a pre-qualification they do not verify any of the information you give them so there is no guarantee you will be approved for the loan. On the other hand, with a pre-approval the lender verifies your employment and credit history, verifies that you have the necessary cash required for closing and can give a commitment to lend you a specific amount based on the verified information. This gives you significant buying power with a seller, as your offer would be stronger by having the pre-approval than a similar offer that did not have loan pre-approval.
Step Two - Work With A Professional
Select an experienced Lachicotte Company Sales Professional to guide you through the process of locating your South Carolina home, making an offer, reaching an agreement with the seller, and taking care of the details to complete the transaction and close the sale. If you have worked with us before please look up your associate. If you haven't worked with us yet, let us help you find the right professional.
Step Three - Find Your Home
Work with your sales professional to determine your specific lifestyle and home requirements. Narrow down the choice of neighborhoods and homes that will meet your criteria and view the homes that fit your needs the best. Once you find the perfect home, make your offer!
Step Four - Finalize your Mortgage Loan and Work Toward Closing
Your lender will require an appraisal of the South Carolina property and you will need to have several home inspections which your sales professional will work closely with you to get completed. If there are any issues resulting from the inspections, they will also help you work through the details to get the issues resolved and move toward closing.
