7 Home Owner
Steps to becoming a
1Shop for a Mortgage A professional and experienced mortgage broker will help you determine how much you can afford on your new home
2Loan Approval Your mortgage broker will help you get approved by a financial institute . You ’ ll then receive an approval letter , which you ’ ll need to place an offer
3Search for your New Home Find yourself an experienced real estate agent to help you in this important process , especially one who understands your needs , wants and price range .
4Place an Offer Your agent will be able to negotiate the best price possible . Never offer a price that you are not comfortable with
7Close the Deal Closing can be done either in person or via email
Celebrate !
5 Settle on a Price
Seller may accept , deny or counter your offer at a higher price , After agreement you will be able to submit a security deposit and enter into a binding contract
6Due Diligence Ask your realtor to refer you to a certified inspector to conduct a full inspection of the property .
www . reimag . co . za Residential E-Book 2016 9