Buying A Home – The Quick Guide

Buying a home can be a fairly complicated transaction, not to mention stressful. So, if you are thinking of buying a home, this quick guide should be very helpful to you. If you want the much more detailed version of this guide, feel free to read the complete guide to buying a home.


complete guide to buying a home in cleveland

7  Step Quick Guide To Buying A Home

1. Initial Consultation – The first step to buying a home is to meet with a real estate agent. We realize it’s much more fun to just go look at houses, but without a plan you will have limited success. This is a great way for you to ask questions and learn about the process. The more you understand, the easier it will be.

2.  Getting Pre-Approved – Many people overlook this very important process, but without having your finances in order, there’s no use even looking at homes. I have personally seen buyers find a home they love first and then try to get their approval, only to find out that they can’t qualify for a loan on the home.  The pre-approval process is fairly simple and free, so do it up front and save yourself a lot of aggravation.

3.  Looking At Homes – Now comes the fun part.  While there are a lot of different sites out there to view homes, the multiple listing service offers the most up to date information. Therefore, it is best to have your agent create a home search for you. Then, you will receive emails on all current listings as they come on the market.

When going out to actually view the homes, we recommend seeing no more than 5-7 at a time.  The easiest thing to do is to eliminate homes from your list. When you do find a home you like, put it on your “like” list and plan to see it again. Overall, it shouldn’t take more than 60-90 days to find a home.

4.    Writing An Offer – Once you find that one special home, it is time to get serious and put together an official offer in writing.  Your agent will assist you with all the paperwork. We recommend reviewing all the documentation in advance as this will make the process run smoother.

purchase agreement


5.  Negotiating – This can be the most stressful part of the home buying process. There are many different strategies used to negotiate on a home. Do you go in strong or do you start real low? A good agent will help navigate you through the entire process and give you tips and advice. One thing we recommend is not letting yourself get too emotional. Focus on what is important here, getting the home you want at the right price, and don’t get wrapped up in the emotionally aspect.

6. After Acceptance – Once your offer has been accepted, the inspection period officially begins. You will have a specific number of days to have all of your inspections performed. Your agent can give suggestions on which type of inspections you should get.  If the inspections are clean, you will be in good shape and ready to move forward. If there are problems, specifically health or safety related issues, than you may have to begin another round of negotiations to have them addressed. Once again, your agent can guide you through this process.

7. Closing and Possession – At this point, your loan has been approved and you are just waiting to get the keys and move in. You should make sure that you have the moving company scheduled way in advance. You will also want to contact the utilities such as gas, electric, and the water company and make sure they are put into your name.

We recommend that you stay in constant communication with your lender, title company and real estate agent as the closing date approaches. Title companies can become very busy so being proactive will eliminate a lot of stress.

There is a lot more to buying a home than we have mentioned here. However, use this as a guideline and with the help of your agent you will have a successful transaction.



About The Authors

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services.

They can be reached at 216-346-3235 or via email, or

The Schumans service the following Cleveland area suburbs: Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

Buying A Home – The Quick Guide is the property of The Schuman Team and may not be duplicated or used without their written consent. ©November,2011

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