{"id":8602,"date":"2018-03-23T11:11:07","date_gmt":"2018-03-23T18:11:07","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=8602"},"modified":"2018-03-20T11:10:56","modified_gmt":"2018-03-20T18:10:56","slug":"home-buying-process-for-beginners","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/","title":{"rendered":"Home Buying Process for Beginners"},"content":{"rendered":"<p style=\"text-align: justify;\">Buying a home can be a complicated task if you don\u2019t know where to start.<\/p>\n<p style=\"text-align: justify;\">This will help walk you through the basics of home buying so you get a solid understanding of what it takes to complete the purchase process.<\/p>\n<p style=\"text-align: justify;\"><strong>What Can You Realistically Afford?<\/strong><\/p>\n<p style=\"text-align: justify;\">Before you start visiting every open house that you see and looking to seek out a designated moving company like North American Van Lines, you\u2019ll want to get a firm grasp on how much you\u2019re willing to spend on your future home. Furthermore, this ties in with your mortgage commitment \u2013 as well as how much the lender is willing to offer you.<\/p>\n<p style=\"text-align: justify;\">Seek out a realistic budget that you can work with. Or, you can contact a financial professional and have him or her crunch some numbers for you. By doing so, you\u2019ll have a true estimate of what you can afford and what\u2019s way beyond your price range.<\/p>\n<p style=\"text-align: justify;\">Plenty of buyers overstep their financial boundaries and find themselves in a predicament down the line. Remember to consider every factor, as a home will undoubtedly be the biggest purchase that you\u2019ll make in your lifetime.<\/p>\n<p style=\"text-align: justify;\">Once you have a good understanding of your budget, it\u2019s time to think about the down payment that you\u2019re going to make. Today\u2019s home buyers are saving at least 20% (minimum) for the down payment and another 3 to 5% for closing costs \u2013 which is a whopping amount if you think about it. However, by taking this route, you\u2019ll avoid having to purchase private mortgage insurance \u2013 we\u2019ll talk more about insurance in a bit.<\/p>\n<p style=\"text-align: justify;\"><strong>Take a Look At Your Mortgage Options<\/strong><\/p>\n<p style=\"text-align: justify;\">If you\u2019re for the entirety of your home upfront in cash, you\u2019ll likely be pulling out a mortgage.<\/p>\n<p style=\"text-align: justify;\">Starting this process involves finding a trustworthy mortgage lender that\u2019s easy to communicate with. They will provide you with detailed information and options and can answer every one of your questions in detail \u2013 which I assume that if you\u2019re a first-time home buyer that you\u2019ll have plenty.<\/p>\n<p style=\"text-align: justify;\">To break this down in a simple manner, there are two primary options that you\u2019ll be choosing from. The first is known as a fixed-rate mortgage, which keeps your approved rate steady throughout the duration of your entire loan. The second is an adjustable-rate mortgage, which tends to fluctuate based on the market. Both have their pros and cons, so speak with your mortgage lender about the what\u2019s best for you and your financial situation.<\/p>\n<p style=\"text-align: justify;\"><strong>Leave No \u201cStone\u201d Unturned<\/strong><\/p>\n<p>You\u2019ve finally reached the point where you get to shop around for homes.But wait, before you start submitting offers, one thing you might want to consider is conducting a home inspection.<\/p>\n<p style=\"text-align: justify;\">An inexpensive service that measures the overall quality of the home, conducting an inspection can be worth its weight in gold. While you might visualize a gorgeous interior, do you really know what\u2019s going on behind-the-scenes? There could be potential pipe issues, weak support beams, and even termite damage that could endanger you and your family.<\/p>\n<p style=\"text-align: justify;\">You can start this process by speaking with a certified home inspector. Someone that\u2019s well-respected within the industry and has performed countless inspections much to the content of the buyers. After all, you\u2019re investing a significant sum of money into a home, you might as well avoid getting a lemon for the price that you\u2019re going to pay.<\/p>\n<p style=\"text-align: justify;\"><strong>Submit Your Offer<\/strong><\/p>\n<p style=\"text-align: justify;\">If everything checks out, submit an offer. Depending on the overall status of the home combined with the knowledge of your real estate agent, you could be getting your home sooner than you think \u2013 and at a reasonable rate.<\/p>\n<p style=\"text-align: justify;\">By now, you\u2019re probably in the stages of finalizing the paperwork, ripe with the eagerness to move into your brand new home.<\/p>\n<p style=\"text-align: justify;\">The only thing left on your list would be to choose a reputable moving company. And believe me, this is more important than you might think. The wrong company could turn your joyous day into an insufferable nightmare filled with angry back-and-forths between the company along with a load of regret.<\/p>\n<p style=\"text-align: justify;\">Take the time to research the company before you commit to the contract. Experienced businesses can help make the final stages of your move-in process that much easier \u2013 not to mention freeing. By taking the time to do some basic research on the Internet, you could be saving time, money, and most importantly, unnecessary stress.<\/p>\n<p><a href=\"http:\/\/realtybiznews.com\/home-buying-for-beginners-what-you-should-expect\/98747516\/\" target=\"_blank\" rel=\"noopener\">Home Buying for Beginners What You Should Expect<\/a> by Jamie Richardson | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a home can be a complicated task if you don\u2019t know where to start. This will help walk you through the basics of home buying so you get a &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-8602","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Buying Process for Beginners &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Home Buying Process for Beginners &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Buying a home can be a complicated task if you don\u2019t know where to start. This will help walk you through the basics of home buying so you get a &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/home-buying-process-for-beginners\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/home-buying-process-for-beginners\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Home Buying Process for Beginners\",\"datePublished\":\"2018-03-23T18:11:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/home-buying-process-for-beginners\\\/\"},\"wordCount\":772,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/home-buying-process-for-beginners\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/home-buying-process-for-beginners\\\/\",\"name\":\"Home Buying Process for Beginners &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-03-23T18:11:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/home-buying-process-for-beginners\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/home-buying-process-for-beginners\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/home-buying-process-for-beginners\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Home Buying Process for Beginners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Home Buying Process for Beginners &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/","twitter_card":"summary_large_image","twitter_title":"Home Buying Process for Beginners &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Buying a home can be a complicated task if you don\u2019t know where to start. This will help walk you through the basics of home buying so you get a &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Home Buying Process for Beginners","datePublished":"2018-03-23T18:11:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/"},"wordCount":772,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Real Estate"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/","name":"Home Buying Process for Beginners &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-03-23T18:11:07+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/03\/home-buying-process-for-beginners\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Home Buying Process for Beginners"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=8602"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8602\/revisions"}],"predecessor-version":[{"id":8603,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8602\/revisions\/8603"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=8602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=8602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=8602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}