Buying a home is no small matter. Besides being the largest financial transaction you may ever undertake, it's probably also the most complex. There are many good reasons to work with a qualified real estate professional—especially a trained professional who has earned the Accredited Buyer's Representative (ABR®) designation, representing best-in-class buyer services.
When you look for an ABR® before you look for a home, you'll be served, not sold. Your interests become their interests. And you'll be working with someone who has gone the extra mile by completing specialized training in delivering the best in buyer-representation services. Plus, a REALTOR® who has an ABR® designation also has an established track record, with proven experience in representing the concerns of homebuyers.
The ABR® designation is awarded through the Real Estate Buyer's Agent Council, or REBAC, which was founded in 1988 to promote superior buyer-representation skills and services. REBAC is an affiliate of the National Association of REALTORS® (NAR).
2. Assess your finances and credit. If you require a mortgage to purchase property, you'll need to have a handle on your finances. In particular, your credit score, your monthly debt owed, your savings or liquid funds balance, and how much money you have for a down payment and closing costs.
3. Get a pre-approval from a lender. Ask your lender for her best referrals of tried and true loan officers who know the job and work hard for their clients to give them the best mortgage product and deal.
4. Assess your needs and wants in your home or property purchase.
5. Search for your home.
6. Make and offer and negotiate terms.
7. Obtain a mortgage.
8. Go through the process on your home purchase contract.