Checklist for Buying a Home - Utah County Real Estate

Real Estate Broker/Owner with Home Buyer Realty Utah 5705835-PB00

The largest personal finance transaction a person makes in his/her life is purchasing a Home.  It is crucial that you make the right preparations and do the proper research.  Regardless of the unique situations and special circumstances, there are a dozen things that you should do.

Understand the Home Buying process

Study the home buying process, this will allow you to make better decisions and act confidently.  The home buying vocabulary is an important part of this; make sure you understand all the terminology that is used.

Obtain your Credit Report

Get a copy of your credit report and review it for errors.  Mortgage lenders will be reviewing your credit very closely; you should do the same, before they do.

Fix Credit Errors

It is important that you find any errors that you have on your credit report and have them fixed prior to submitting your information to a loan officer.  It could take some time to have these errors fixed so should not waste any time on this step.

Debt-to-Income Ratio

Lenders prefer to see your Debt-to-Income ratio at or below 20% of net monthly income.  If your ratio is above 20%, it would be a good idea to pay it down before applying for a loan.

Start Saving Cash

Not only is cash important when making your down payment, lenders like to see some cash reserves on hand.  You may need some extra cash to cover unexpected fees that might arise before closing.


During the pre-approval process the lender will review your credit, finances and debt and will conditionally qualify you a certain amount of mortgage loan.  Sellers take buyers with a pre-approval letter a lot more serious; you are in a much better bargaining position.

Avoid New Lines of Credit

Try keeping your financial situation as stable and as favorable as possible.  The worst thing you can do is take out a new loan or line of credit while in the loan process.

Choose A Realtor

It is very important that you have a professional to help you through the purchase process, especially when you are buying a home.  The agent representing the Seller always has the best interest of his Seller in mind.  Buyer Representation is very important to get an objective view and have someone who will work hard for you.

Validate the Asking Price

It is called the "asking price" for good reason.  No asking price is set in stone, and everything in real estate is negotiable.  So don't accept an asking price as being reasonable until you validate it through careful research.  Your Realtor can provide you with a Comparable Market Analysis to help you with this step.

Write an Offer

After careful evaluation, and checking out all the comparisons available to you, now is the time to make an offer on the home.

Get a Home Inspection

This is a very crucial step.  It is so important to you to use the time allotted for the home evaluation to get a complete Home Inspection.  A home is a sizable investment, and the last thing you want is t find a bunch of things wrong with it after you take ownership.  Inspections are very affordable, and you can't put a price on the peace of mind you will have as a result of your inspection.

Search Utah MLS

Utah County Homes AMP Mortgage Xpress Orem Real Estate Provo Orem Homes Provo Real Estate Utah Realtor Utah Homes Utah Homes For Sale Provo Real Estate WS Orem Real Estate WS Utah Homes 4 Sale Alpine Real Estate American Fork Real Estate Cedar Hills Real Estate Highland Real Estate Lehi Real Estate Pleasant Grove Real Estate Utah County Home Values Utah County Realtor Utah County Realtors Provo Realtor Provo Utah Real Estate Eagle Mountain Real Estate Mapleton Real Estate Payson Real Estate  Saratoga Springs Real Estate Spanish Fork Real Estate Springville Real Estate  Utah Best Rate Utah Home Loans  Franklin D. Hulme, DDS  Orem Real Estate, Provo Real Estate, American Fork Real Estate, Lehi Real Estate, Lindon Real Estate, Pleasant Grove Real Estate, Highland Real Estate, Alpine Real Estate, Eagle Mountain Real EstateSaratoga Springs Real Estate Springville Real Estate, Mapleton Real Estate, Spanish Fork Real EstateCedar Hills Real Estate , Utah County Real Estate , Utah County Real Estate, Utah County Real Estate MLS, Utah County Homes MLS, Prudential Utah Real Estate,  Loans MLS Search, Apply online, Utah County Real Estate Neighborhoods, Utah County Real Estate, Utah County Homes MLS,, Utah County Real Estate For Sale By Owner, Utah County Homes 4 Sale, Utah County Real Estate 4 Sale, Utah County Short Sales, Utah County Bank Owned, Utah County Short Sales UCRE, Utah County Bank Owned UCRE, AMP Xpress, Davis County Real Estate, Chandler Real Estate, Gilbert Real Estate, Mesa Real Estate, Tempe Real Estate, Queen Creek Real Estate, Gold Canyon Dentist, Mark Wilkinson, Tooele County Real Estate, Summit County Real Estate, Wasatch County Real Estate, Washington County Real Estate, Salt Lake County Real Estate, Weber County Real Estate, Springville Real Estate, Lehi Real Estate, American Fork Real Estate, Alpine Real Estate, Pleasant Grove Real Estate, Heber City Real Estate, Midway Real Estate, St. George Real Estate, Cedar City Real Estate, Park City Real Estate, Deer Valley Real Estate, Cache Valley Real Estate, Logan Real Estate, Brigham City Real Estate, Vernal Real Estate, Utah County  Alpine American Fork Cedar Hills Eagle Mountain Highland Lehi Lindon Mapleton Orem Payson Pleasant Grove Provo Salem Santaquin Saratoga Springs Spanish Fork Springville Elk Ridge Davis County Layton Bountiful Farmington Centerville Clearfield Kaysville Salt Lake County Draper Holladay Kearns Midvale Murray Riverton Salt Lake City Sandy South Jordan South Salt Lake Taylorsville Summit County Park City Deer Valley Weber County  Ogden North Ogden South Ogden Eden Roy Wasatch County  Heber City Midway Cedar City Vernal Kanab Nephi Cache Valley Logan Brigham City Tremonton Washington County St. George Charleston

Search Arizona MLS

Posted by

Robert A. Hulme 

Home Buyer Realty Utah, LLC
Principal Broker, Owner, Realtor, SRS, GRI, e-Pro

Utah Mobile: (801) 885-2586
Utah Real Estate Search

View Robert A Hulme's profile on LinkedIn

Comments (0)