You’ve finally found a piece of Willamette Valley real estate you love! This is an exciting time, but moving can also bring a lot of stress. With all the tumult that comes with homebuying, you may forget a few things you need to do before you can move into your new home. To help ease the load, we’ve put together a list of eight things to check off once you’ve found a home you love.
Contact a realtor
Working with an experienced real estate agent like Rebecca Donaldson will make the homebuying process that much easier. When it comes to Willamette Valley real estate, Salem homes for sale, and Lake Oswego properties, there’s no better realtor than Rebecca to help you out each step of the way.
Keep your options open
This may sound counterintuitive—especially when you think you’ve found your own slice of Oregon Wine Country—but making sure you don’t put all of your moving aspirations onto one property will ease the disappointment if you get outbid by a higher seller. After all, the average homebuyer looks at ten homes before they find the “one,” so keep your options open! Who knows—maybe your dream home is where you least expect it.
Get your finances in order
Once you believed you’ve found your new home, it’s time to get your finances in proper order. Double-check your credit score, make sure you have enough money on hand to cover a 10-15% down payment (and enough cushion for any emergency expenses, including sudden renovation costs), and create a front-end budget that includes the down payment, appraisal fees, inspection feeds, closing costs, and moving expenses—and stick to it! The last thing you want to do is go over budget and end up losing out to another bidder because you can’t make the initial offer. Really determine how much you’re willing to spend—and how much wiggle room you have—and stay within that range.
In a competitive seller’s market like Willamette Valley, it absolutely pays to get a pre-approval for a loan. Pre-approval will not only potentially save you thousands of dollars when you close on an offer, it shows the home seller that you’re serious about purchasing their property. An experienced real estate agent like Rebecca Donaldson can help you choose the right lender with the best rates for your needs.
Make an offer
You’ve found your dream home, got pre-approved, and now you’re ready to sit down with your real estate agent, the seller, and their agent and make an offer! Whether you’re a first-time homebuyer or you’ve (quite literally) been around the block a few times, your offer should be in the form of a purchase and sales agreement that your real estate agent will help you draft up before you sign and submit it.
Do a pre-inspection
Before closing, it’s a good idea to hire a home inspector to see if there are any major flaws that need to be addressed. Potential issues can range from the property’s foundation, plumbing, electrical, or HVAC systems, to fault fire or CO2 alarms. Even the most “perfect” looking home can have faults, so it’s important to get absolutely everything in order before you submit your offer.
Close the deal
The day has finally come! Once the seller signs the purchase and sales agreement, your offer becomes legally binding—which means the property is now in your possession and you’ve successfully closed the deal!
Rebecca Donaldson is your Salem, Oregon go-to realtor
Rebecca Donaldson moved to the Willamette Valley when she was ten years old. Now, she's an award-winning Oregon real estate agent with a leading sales record and a passion for matching people with the perfect home. With properties in numerous neighborhoods all over the Salem area, Rebecca and her team can help you find a home you will be proud to own.