Mel Coker, Columbia Realtor BUYER'S GUIDE
Columbia, South Carolina Real Estate
Mel Coker
Realtor, CRS, ABR, GRI, SRES
RE/MAX Metro Associates
Go To: Buyer's Guide Home Page | Columbia Real Estate | Columbia "A to Z" | Columbia Blog

Home Buying Steps (Chapter 10)

Read the Full Nine Step Report Here

1. Planning Stage - Decide on your moving or relocation timeline. Think about your home search criteria and areas of town or neighborhoods that interest you. Do you have enough money for a down payment and for home inspection fees? If you have really good credit scores, you may be eligible for a no down payment or low down payment (3%) program.
Home Search Criteria Form: Web page or PDF

2. Find and Work with a Qualified Realtor (Buyer's Agent) - Your choice of a real estate sales agent is very important! Buyer representation is FREE. A buyer's agent is an advocate for the buyer in a real estate transaction.
Mel Coker - Columbia Buyer's Agent

3. Get Mortgage Prequalification - This is a very important step. This will be an assessment of your credit and finances. With a pre-qualification or pre-approval in hand, this can be submitted with an offer on a home. It will make your offer stronger.
Recommended Mortgage Contacts

4. Find a home – Mel Coker will assist you with selecting appropriate listings from the local Multiple Listing Service. Focusing on your home search criteria will make this process easy with your Realtor's access to this computerized database of all homes available in the local market. With home search criteria defined and MLS listings pulled, an appointment is set and then the fun part starts... viewing homes.

5. Negotiate Contract Terms - Once you find the home you wish to purchase, you will write a contract offer with your real estate agent. Your agent should pull the property disclosure report(s), tax record and comparables for you. This information will help you make an offer that is appropriate.

6. Home Inspections - Contract terms allow you to have a home inspection completed within 10 business days of contract acceptance. I highly recommend this for a resale home and sometimes it's not a bad idea for a new home. Unanticipated issues arising from a home inspection may be negotiated with the seller for correction. You will also have termite and HVAC (heating and air) inspections completed prior to closing. Mel Coker will assist you with these inspections.

7. Prepare for Closing - Your buyer's agent will assist you with all closing matters. When the contract is finalized you will need to select a closing attorney, and your agent will supply the attorney with a copy of the final contract. You will also need to finalize your selection of a mortgage professional and make a formal loan application (within 5 business days of contract acceptance).

8. Closing - On the day prior to closing, you should be told by your closing attorney or Realtor of the amount to bring to closing. These funds will need to be in the form of a cashier's check or certified check and made payable to the closing attorney. Your Realtor will review the HUD-Form 1 settlement statement prior to closing for accuracy and the closing attorney will review this most important document with you at the closing table.

9. Move and Celebrate! - The negotiated contract states when you get possession of the home and can start moving in (usually the day of closing). The moving part can be mildly stressful, but you now OWN your home! You have achieved the American Dream! You've made a smart move financially! Congratulations!

Home Buying = Wealth Building Columbia Homebuying

Previous | NEXT | Home Search Criteria Registration Form | Buyer's Guide PDF format

Chapter 1 - Introduction | Chapter 2 - Searching for a Columbia area home | Chapter 3 - Mortgage Information / Pre-qualification | Chapter 4 - Columbia (SC) area information and links | Chapter 5 - First-time Homebuyer information and benefits | Chapter 6 - Lake Murray Information / Golf Course Communities | Chapter 7 - About Mel Coker / Your Choice of a Realtor IS Important | Chapter 8 - Retirement in the Columbia area | Chapter 9 - Schools, Cost of Living, Average Prices, Taxes & More | Chapter 10 - Home Buying Steps | Chapter 11 - An Internet Special for working with Mel Coker - Receive a Lowe’s Gift Card

Robert Mills House
Robert Mills House (built 1823) - Downtown Columbia

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Columbia, SC blog

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"Selling Columbia, Northeast Columbia, Lexington
Lake Murray, Chapin and Irmo!"

Mel Coker
RE
/
MAX Metro Associates
All offices are independently owned and operated
690-B Columbiana Drive
Columbia, SC 29212

Office: 803-223-6214
Direct: 803-388-8011

e-mail: melcoker@remax.net

Columbia SC

Lake Murray SC

Columbia, South Carolina Real Estate and homes
Mel Coker, Realtor - RE/MAX Metro Associates
Columbia Homebuyer's Guide * How to Buy a Columbia SC home
Columbia SC Realtor * Find an Agent in Columbia SC * Columbia Homes * Columbia Real Estate