Tolland First Time Buyer Guide to Buying a Home in Tolland, Connecticut

Buying a home for the first time can seem like an overwhelming task. You're making the biggest financial decision of your life, and there is so much to consider. It helps a lot to understand the process from beginning to end. In this article, I'll walk you through the entire process of buying a house in Tolland so that your entire home buying experience will go more smoothly. Step #1 - Getting Your Mortgage Pre-Approved As we both know, lenders aren't nearly as lenient as they used to be. It's important to find both a good lender and a good loan officer to handle your loan, preferably before you even go out to see properties. Ask about FHA mortgages loans, they are a very popular option for first time buyers right now in Tolland. The loan officer will talk with you about your job, what money you have available for a down payment, what your credit is like. Step #2 - Finding a Home You Like The next step in the process is to find a home in Tolland that appeals to you. Make sure you see a good number of houses before you make your decision, so that you know what the options are. Step #3 - The Offer and Negotiation Process Crafting a good offer is vitally important. It's important to work with a real estate agent who understands how to choose the right contingencies clauses, the right amount to offer and has good negotiation strategies. Once you've made your offer, the seller will usually try to negotiate with you. It's rare that the seller will accept your offer up front. Once you both come to an agreement on the price and terms, the contract becomes binding. Step #4 - Completing the Home Purchase Once the contract has been agreed on, then you must complete the home inspection and the seller will make any agreed and necessary repairs. You will make formal application for your loan. The house will be appraised to make sure that it is worth what you are buying it for. Once that is completed you will receive commitment for your loan. Finally, closing is where all the documents are signed, the deed and title are signed over, the seller is paid and the keys are handed over. In brief, that is what the home buying process looks like in Tolland. There is a lot of free information available to you about buying real estate in Tolland. For complete information about the Tolland real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Tolland real estate, at CTHomesPlus.com