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HOMEBUYING 101
What you need to know!
Assess Your Financial Situation
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Review your credit score and report.
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Determine your budget and how much you can afford.
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Save for a down payment and closing costs.
Get Pre-Approved for a Mortgage
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Complete an online-application with Allegiant Mortgage to apply.
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Get a pre-approval letter to strengthen your offer.
Understand Your Different Loan Options
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Research various loan types such as FHA, VA, USDA, and conventional loans.
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Choose the loan that best fits your financial situation and goals.
Find a Reputable Real Estate Agent
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Look for an agent with experience in your desired area.
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Check reviews and ask for recommendations from friends and family.
Research Neighborhoods & Make a List of Must-Haves and
Nice-to-Haves
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Consider factors like schools, amenities, commute times, and safety.
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Visit neighborhoods at different times of the day to get a feel for the area.
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Prioritize your needs and wants in a home.
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Be prepared to compromise on less critical features.
Make a Competitive Offer
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Base your offer on comparable sales in the area.
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Be prepared to negotiate and potentially face a bidding war.
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Remember this is time to ask for max seller-paid closing costs to help with out-of-pocket expenses.
Get a Home Inspection
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Hire a qualified inspector to assess the home’s condition.
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Use the inspection report to negotiate repairs or price adjustments.
It's CLOSING Time!
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Review all documents carefully before signing.
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Ensure all agreed-upon repairs are completed before closing.
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Conduct a final walkthrough to check the property’s condition.
