So you are thinking about buying a new home? Congratulations. This is an exciting time for you and your family, but it is also one of the most stressful experiences you will ever have! As your Farragut TN realtor, Phil Cobble Fine Homes & Land want to make it more pleasant for you. Let’s start by looking at what to expect when you are buying a home. 

Get Your Finances in Order

As your Farragut TN realtor, if I can give you just one piece of advice about buying a home, then it would be this - get your finances in order first! Before you even think about visiting an open house or checking out local listings, find out what a realistic budget looks like for you. What can you actually afford? Make a note of your income and expenditure and look at mortgage calculators to estimate your budget. Your mortgage payment should be something that you can comfortably afford each month, along with your other debts and financial commitments. You will also need a down payment of around 20% and enough money to cover your closing costs.

Meet With a Mortgage Advisor or Lender

Once you have settled on an appropriate budget, your next step is meeting with a lender to discuss loan options and interest rates. It can be helpful to work with a reputable mortgage advisor to find the best deal. When you choose us as your Farragut TN realtor, we recommend some of the top mortgage advisors in the Knoxville area. When you decide on the right loan, ask for a prequalification letter that helps you prove you have the funds to offer a property.

Start Looking For Your Dream Home

Now the fun part starts! Shopping for your dream home. As your Farragut TN realtor, we will ask you to provide a list of your must-have features. For example, how many bedrooms do you need? Do you want a pool? Is there a particular style of home that appeals to you? This will help narrow down the search to only the listings that are likely to interest you. Once you find the right property, your agent will help you to make an offer and, if accepted, walk you through the rest of the home buying process.