How To Buy a House

How To Buy a HouseYou might think buying a house is as simple as finding a home you want and putting in an offer. But it's really so much more than that. Homebuying starts far before the actual offer. It even starts before looking at homes. But, you've probably already started to look at homes and that's natural. It's exciting and sometimes that's where the entire prospect of moving into a new home starts. You might not even be thinking about moving until you find an amazing house and then the real work begins.

What is the first thing you should do before looking at homes (or even if you've already started)

One of the very first things you should do is think about financing. Are you buying a house with all cash? Financing it? Not sure? Need to sell a house before buying another? All of these questions need to be answered before settling on a home. It's important to know how you're going to pay for the house before you actually make an offer. Sellers want to know you are serious about buying and that means knowing your financial status and doing your financial homework ahead of time.

Get preapproved

Getting preapproved is the first step when financing a new house. This is not simply using a mortgage calculator to find out how much your monthly mortgage payment will be or the price range in which you should start looking. Getting preapproved is different than a simple prequalification. You might have great credit and can afford a certain amount each month, but without sitting down with the lender and getting numbers in writing, you may not qualify when the time comes.

Getting preapproved means finding a lender either a credit union, mortgage advisor, or your bank, and presenting all of your financial documents including proof of income, debts, liabilities, assets, and downpayments. From there, a lender will be able to determine how much of your income can be utilized for mortgage payment. This will be calculated to find out exactly how much home you can afford. This will give you the price range in which to start looking. Once you are preapproved, your lender can offer a letter of preapproval which can be submitted with the offer stating that you've already done the financial homework necessary and can actually afford the home you're making an offer on.

Use your own agent.

We cannot stress this enough. While you can buy a house from just about anyone including the seller, no one is representing you except for a buyer's agent. An agent that is solely on your side, working on your behalf, making sure your needs and terms are met, is crucial to the home buying process and really getting what you want. If you conduct a transaction with just the seller or even to the listing agent, you are not the priority… The seller is. A buyer's agent makes the buyer the priority. They work only for the buyer and make sure the buyer's needs and rights are protected and the best part about it, a buyer's agent costs a buyer nothing. It's completely free to use your own agent. The agent will receive part of a commission from whichever home you buy so it really benefits you to have your own agent and representation throughout the process.

Start looking at homes.

Yes, it really isn't till about now that you should look at homes. But we know, you've probably looked at them for a while now and have narrowed down a few that you like. Depending on the market, you may need to jump on a listing quickly, or you might have some time to think about it but your buyer's agent will be able to tell you the current market climate and how you should make an offer and win.

Make sure you know what you want.

One of the most frustrating things in agent hears from a buyer is "I'm not sure what I want but I'll know it when I see it". This could literally mean any house. Let's start with the basics:How To Buy a House

  • How Big?
  • How Many Bedrooms and Bathrooms?
  • Fenced?
  • Two Story or One?
  • Yard?
  • Acreage?
  • Condo?
  • Low Maintenance?
  • Schools?
  • Amenities?
  • Gated?

You can see that this list could be exhaustive but if we start here, we have a better idea of what it is that you're looking for and can start sending you properties that might meet your search criteria. From there, take a look at a few of them, drive by, see if you like the neighborhood or commutes, and then when you're ready, schedule a showing to see more.

Buying a house is really exciting and there are a lot of steps to buying a house but with a buyers agent, you can sail through these steps with ease and confidence. Buyer's remorse is a real thing and we don't want you regretting your decision so using an agent that is familiar with the market, understands the process, and can hold your hand and guide you throughout the entire transaction means that you won't have to worry about buyer's remorse. Welcome home!


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Browse the Area's Newest Listings - Less than 3 days on the market October 6, 2022
245
Listed
1
Avg. DOM
$197.26
Avg. $ / Sq.Ft.
$320,000
Med. List Price
245 Properties
Page 1 of 16
Open 10/9
479 Cheshire Ct Newport News, VA 23602
$310,000
Neighborhood: Lansdowne
4
Beds
2F11/2
Baths
1,668
Sq.Ft.
1972
Year Built
1
Day on Site
10459604
MLS
There is so much to talk about when it comes to this house! When you pull up, you are greeted with a beautiful brick exterior and a large, fully fenced backyard with a gazebo and large shed, both of...
$735,000
Neighborhood: Fords Colony
4
Beds
3F21/2
Baths
4,606
Sq.Ft.
2003
Year Built
1
Day on Site
10459246
MLS
Superb construction in this custom-built home by Jeff Fisher located on a quiet cul-de-sac and backing to wooded privacy in Ford s Colony. Unique floor plan includes 4,606 SF w/ 4 bedrooms plus bonus...
$600,000
Neighborhood: Fords Colony
3
Beds
2
Baths
2,535
Sq.Ft.
1994
Year Built
1
Day on Site
10459339
MLS
Tranquil cul-de-sac property backs to golf course where nature abounds. Bright and open great room with fireplace, skylights, and dining area leads to fabulous, tiled sunroom overlooking the...
$220,000
Neighborhood: Buckner Woods
2
Beds
2F11/2
Baths
1,202
Sq.Ft.
1998
Year Built
1
Day on Site
10459618
MLS
WELCOME HOME TO 3861 LASALLE DR UNIT #109! THIS SINGLE-OWNER HOME HAS BEEN METICULOUSLY CARED FOR, IS FRESHLY PAINTED WITH NEW LAMINATE FLOORS AND CARPET, AND IS READY FOR A NEW OWNER! OTHER...
$515,000
Neighborhood: Upton Farms
4
Beds
2F11/2
Baths
2,750
Sq.Ft.
1993
Year Built
1
Day on Site
10459407
MLS
This stunning home is move-in ready. Located in a sought after neighborhood in the Hickory school district. Open floor plan, neutral colors throughout, and tons of natural light. New paint, carpet,...
2
Beds
2
Baths
1,363
Sq.Ft.
2018
Year Built
1
Day on Site
10459483
MLS
Natural light floods this 2nd flr corner condo in the desirable community of The Promenade @ John Tyler. Community is conveniently located in Williamsburg w easy access to shopping, restaurants, the...
$200,000
Neighborhood: Washington Square
3
Beds
1F11/2
Baths
1,054
Sq.Ft.
1971
Year Built
1
Day on Site
10459489
MLS
Affordable opportunity to live in Washington Square with great schools and superior shopping, just a few miles to the oceanfront. Newer Stainless Steel appliances. Newer siding and HVAC. New owner...
$275,000
Neighborhood: Brentwood
4
Beds
2
Baths
1,800
Sq.Ft.
1959
Year Built
1
Day on Site
10459387
MLS
Welcome home! Take a look at this beautifully updated 4 bed, 2 bath ranch style home. This home features stainless steel appliances, a large open floor plan and a massive fenced back yard, with a...
$200,000
Neighborhood: All Others Area 106
4
Beds
2
Baths
1,429
Sq.Ft.
1925
Year Built
1
Day on Site
10438483
MLS
GORGEOUS HOME READY FOR NEW OWNERS. THIS HOME WAS TAKEN DOWN TO THE STUDS AND HAS ALL NEW, WINDOWS, DOORS, FLOORING, PLUMBING, UPGRADED ELECTRICAL, INSULATION, FIXTURES, HVAC AND ROOF. NEW LUXURY...
$1,100,000
Neighborhood: All Others Area 62
8
Beds
7F21/2
Baths
6,000
Sq.Ft.
2002
Year Built
1
Day on Site
10426870
MLS
This listing is one of a kind! This gracious custom built residence is elegantly appointed with unmatched craftsmanship, exceptional designer details and is situated at the end of a long driveway...
Open 10/8
3845 Clearwood Ct Virginia Beach, VA 23453
$285,000
Neighborhood: Green Run
3
Beds
2
Baths
1,300
Sq.Ft.
1981
Year Built
1
Day on Site
10453017
MLS
Don't miss out this adorable ranch in a well-established quiet neighborhood. Being just minutes away from all your shopping and entertainment needs has never been better. The home has an open floor...
$470,000
Neighborhood: Brandywyne
3
Beds
3F11/2
Baths
2,238
Sq.Ft.
2003
Year Built
1
Day on Site
10459525
MLS
Location, Location, Location! Two minutes to I64 and Camp Peary and walkable to the Historic area. Well built and maintained home in the village like community of Brandywyne at Williamsburg. Wood...
$290,000
Neighborhood: Lynnhaven
4
Beds
2
Baths
1,805
Sq.Ft.
1955
Year Built
1
Day on Site
10459560
MLS
This adorable, turn-key ranch is nestled on an almost quarter acre corner lot. Just before hitting the market, the entire interior of the home received fresh paint along with new carpet in each of...
$220,000
Neighborhood: All Others Area 111
4
Beds
2
Baths
1,425
Sq.Ft.
1995
Year Built
1
Day on Site
10459584
MLS
4 Bedroom, 2 Full Baths, 1 Full bath downstairs, 1 bedroom downstairs, 3 upstairs. Lot size is 1.7 acres. Full size garage under the house. The home is raised.
Open 10/7
2617 Harling Dr Chesapeake, VA 23325
$384,900
Neighborhood: Plymouth Park
5
Beds
3
Baths
2,200
Sq.Ft.
2022
Year Built
1
Day on Site
10459626
MLS
Complete, gorgeous open 5 bedroom 3 full bath new construction home in desirable location of Chesapeake. kitchen with lots of counter and cabinet space that looks into the family room. Huge master...
Open 10/15
312 Plover Dr Portsmouth, VA 23704
$240,000
Neighborhood: Shea Terrace
4
Beds
2
Baths
1,436
Sq.Ft.
1943
Year Built
1
Day on Site
10459068
MLS
Impressive move in ready Cape Cod! This four-bedroom home features brand new windows, a new HVAC system, and new carpeting throughout the second floor. Not only does it provide a massive backyard;...