Tips on Buying a Home:

With the considerable financial investment of owning your own home it is wise to understand the process of buying a home and what it takes to close a real estate transaction.

Secure a Loan - The first step to home ownership is finding out how much home you can afford.  Visit a mortgage company or your bank and get pre approved to purchase a home.Doing this step first will put you in better purchasing power later.  Discuss with your loan officer the different types of loans you qualify for and the upside and downside of each of them.

Home Search - Now you know how much home you can afford start searching on the web for a home in the area you wish to live in.  If you have children research schools in your area to insure that they are going to get the best education.  Our website allows you to save a list of favorite homes that are on the market, give this list to your agent so that they can help you setting up times to get access to the home.  Be open minded your agent might find the home that you are looking for using the tools he is provided.

Make an offer - When you find a home that you really like have your agent make an offer on the home.  You and your agent will determine the right price to ask for and if the appliances stay or a carpet allowance is needed.  Negotiate once you place an offer on the home be ready to negotiate on the home and be prepared to be flexible.

Inspection - Your agent will advise you to have the home inspected you can find a home inspector or your agent will have a home inspector that you can use.  Read and understand your inspection report if there is something major you can adjust the cost of the home to cover the repair or you can have the seller fix the problem before the purchase.

Closing - At closing you should receive these documents.

  • Closing and mortgage settlement costs
  • Purchase Agreement
  • Title or Deed

What you will need to supply:

  • ID
  • Certified Funds (down payment and closing costs)
  • Proof of loan
  • Homeowners' Insurance

After you sign the necessary documents and the funds of the purchase are made available to the sellers you will get the keys from your agent and you can now move in.

Call: 206.546.5722

Fireside Homes Real Estate LLC • 18110 Midvale Ave. N. Suite 200 • Shoreline, WA 98133