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Amanda Sheets
REALTOR®
(419) 544-2107
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First-Time Home Buyer Q & A

What do I do first?

The first step in the home buying process is to get preapproved! Go to a lender, whichever lender you prefer, if you don’t know call your realtor (Hopefully me 😊 ) and they will direct you to the best lender for what you are trying to accomplish in your market area. 

Why is getting preapproved important?

Knowing your buying power is essential in finding the right home for you! You need to know what is in your price range, what conditions apply to you for example: loan types/home conditions/down payment requirements/concessions are needed before you decide which homes are worth even looking at. No one is happy if we go and look at a property you fall in love and then we can’t make an offer on it. 

I have never done this before how do I make an offer?

That is a great question! That is what I am here for! I am here to walk you through the entire process! We walk through step by step through the purchase price, we will look at other properties in the area to make sure we are offering appropriately, we will talk about what earnest money is, what title insurance is, what is customary in our market area and how to best move forward. Don’t worry! I am here for your all the way, from start to finish!

What is title insurance?

“Owner’s title insurance provides protection to the homeowner if someone sues and says they have a claim against the home from before the homeowner purchased it. 

When you purchase your home, you receive a document most often called a deed, which shows the seller transferred their legal ownership, or “title” to their home, to you. Title insurance can protect you if someone later sues and says they have a claim against the home from before you purchased it. Common claims come from a previous owner’s failure to pay taxes or from contractors who say they were not paid for work done on the home before you purchased it.

Most lenders require you to purchase a lender’s title insurance policy, which protects the amount they lend. You may want to buy an owner’s title insurance policy, which can help protect your financial investment in the home.”

Source: What is owner's title insurance? | Consumer Financial Protection Bureau (consumerfinance.gov)

What is the typical timeline of the buying process?

Depending on the loan type, the timing of the following can change, but the process is generally as follows… 


Road to Home Ownership PDF

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 12/04/2022. The listing information on this page last changed on 12/04/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NORIS MLS (last updated Sun 12/04/2022 2:19:10 PM EST) or CBRMLS (last updated Sun 12/04/2022 2:19:27 PM EST) or Ashland MLS (last updated Sun 12/04/2022 2:00:13 PM EST) or Firelands MLS (last updated Sun 12/04/2022 2:11:37 PM EST) or MLS NOW (last updated Sun 12/04/2022 2:22:29 PM EST) or Mansfield MLS (last updated Sun 12/04/2022 2:22:12 PM EST). Real estate listings held by brokerage firms other than Haring Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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