Buyer's Guide

A STEP-BY-STEP FIRST TIME BUYER'S GUIDE

Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by your agent will help reduce the stress of buying a home and help you enjoy the journey as much as possible.

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STEP 1: RESEARCH

Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching. In addition to looking for homes that interest you, also take note of any changes in asking prices. This could give you valuable insight into housing trends in specific neighborhoods and help you when the time comes to make an offer.

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STEP 2: DECIDE ON YOUR BUDGET

Notice I said to decide on your budget—not determine how much the mortgage company will give you. In many cases, a mortgage company will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home. If you’ve lived in an apartment or with roommates, you may overlook new expenses like garbage, water, or HOA fees that could easily blow your budget.

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STEP 3: SELECT YOUR LOAN

Now is the time to go back to the mortgage lender who pre-approved or pre-qualified you and choose your mortgage. You will be presented with various options based on your unique financial situation, including fixed-rate, variable-rate, 15-year, 30-year, or special programs such as VA loans or FHA loans. Work with your mortgage lender to select the option you feel the most comfortable with.

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STEP 4: GET PREQUALIFIED

Just because you think you can afford a certain payment every month doesn’t mean the mortgage company will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you get your heart set on a home, talk to a mortgage professional to find out what amount you can qualify for. This will also be an advantage when you make an offer on a home, as some sellers won’t entertain offers from those who aren’t already prequalified for a loan.

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STEP 5: CHOOSE A REAL ESTATE AGENT

Can you shop for, look at, and ultimately make an offer on a home without a real estate agent? Technically yes, but why would you when it costs you nothing for an agent like me to take much of the stress off your shoulders? Not only will I help identify properties you might be interested in, arrange showings, and ultimately handle the offer process, but I also have a knowledge of the market that you don’t possess. I may be able to steer you away from certain homes or neighborhoods, suggest hidden gems, or give you pointers that will help you find your dream home for the right price.

MY GOAL IS TO PROVIDE YOU WITH THE MOST PERSONALIZED SERVICE THAT IS DESIGNED TO HELP YOU BUY YOUR DREAM HOME.

Schedule A Consultation
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STEP 6: FIND THE RIGHT HOME

This should be the most enjoyable step of the entire process (other than moving in!). I will arrange showings of homes you’re interested in that are within your price range. Take notes about what you like and don’t like, and make sure to pay attention to details. Turn light switches on and off, open and close doors, and run the faucets in various rooms. Don’t limit your inspection to the home itself. Make sure to take time to explore the neighborhood and keep an eye on traffic at certain times of the day, the parking situation, and how close it is to necessities like schools and grocery stores.

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STEP 7: MAKE AN OFFER

Once you have selected the perfect home, work with your agent to craft a fair offer based on the value of comparable homes on the market. Depending on what the home is listed at and whether the current environment is a buyer’s or seller’s market, your offer may be below, at, or even above the asking price. I will be able to help you negotiate if you receive a counteroffer and reach an agreement. At this point, the house will go into escrow.

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STEP 8: HAVE THE HOME INSPECTED

In most cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. I can help you arrange this, and you can schedule it within days of making an offer. If there are no major issues, the process goes to step eight. If there is, you can renegotiate your offer based on what needs to be fixed, or you can withdraw it.

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STEP 9: GET UNDER CONTRACT

  • Pay Earnest Money Deposit
  • Agent will inform the lender to have you commit to the loan.
  • Agent will help arrange a title company to start the title search.
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STEP 10: SELECT HOME INSURANCE

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STEP 11: FINISH PAPERWORK

No one looks forward to all the paperwork involved in buying a home, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and title company and, when you’re finished, you’ll know you are the legal owner of your new home.

CONGRATULATIONS!

After signing the final paperwork to complete the purchase, you are now the owner of a new house. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the home of your dreams. 

MY TESTIMONIALS

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Peter P.

There are a million real estate agents out there and it is hard to find a good one. Most are going to run through the usual channels, go by the playbook, and hope for the best. A first-time homebuyer with only 3% to put down on...
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Laurie S.

Davian may be a relatively new Realtor®, but he worked tirelessly to help determine what I was looking for, and to tailor my searches accordingly. He set me up with alerts, kept his ears and eyes open, and also coached me, and ...
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Raithier F.

We moved 6 people from Colorado to Maine, and we're looking for a Realtor® that was not only knowledgeable about Maine, its districts, the housing market, and lifecycle, but also able to help us understand how best to do an ent...
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Lucy T.

Davian Akers is a very professional Realtor®, who is dedicated to his work and is always there for you whenever you need help. He answers all your questions and sends documents to you in a timely manner, with follow-up calls to...
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Rochelle W.

Davian was easy to work with, very responsive, gave us space to view properties, and would immediately get on the phone with seller agents to answer our questions or concerns, always available and gathered information prior to ...
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Hassan A.

Davian was easy to work with, very responsive, gave us space to view properties, and immediately get on the phone with seller agents to answer our questions or concerns, always available and gathered information prior to our vi...
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Charlotte F.

I highly recommend Davian Akers of Keller Williams Realty for all your real estate needs. He looks out for your best interest from start to finish. Davian took every step necessary providing me with all the right information un...
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Sierra S.

Davian was so essential in helping us buy our first home. He was always responsive and answered any questions we had throughout the buying process. He went out of his way to get answers to our more complicated questions. We use...
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Anna & Steve P.

Davian was such a joy to work with. He coached us through the entire process. This was a big journey for us to be buying a second home and it had been over 20 years since we purchased real estate. Davian was informative, gentle...
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Buyer

My Realtor® Davian Akers was great and knew exactly what I was looking for. Davian helped me find a home and he is very knowledgeable about the Maine market and surrounding areas. I cannot express how impressed I was with his s...
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Buyer | Seller

To start, Davian is a great guy, has tons of local knowledge and his energy immediately caught my attention at an open house he had organized. I was just in the process of looking for something a bit more out of the box, and Da...
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Mark G.

I worked extensively with Davian in locating a house to purchase. He is well-versed in the process and was able to find several houses for us to inspect. He was able to work with us to devise a strategy to beat out other buyers...
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Jessica B.

I've worked with Davian multiple times at Black Point Title and he sets the bar extremely high! Davian is knowledgeable about the market and a seasoned negotiator. He takes great care of his clients and is so easy to work with!...
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Steven E.

As another agent, Davian Akers was great to work with. He's very responsive, professional and a person that defiantly knows how to negotiate for his clients. If you're looking for a Realtor® that goes above and beyond he's the ...
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Cody D.

Davian was a pleasure to work with. He was responsive, caring, and worked to make sure we closed on time while I was halfway across the country! We ran into a few hiccups along the way, but Davian was able to work with me to fi...
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Ryan S.

Davian was fantastic to work with! We were the lender on a transaction and he was super responsive and represented his buyers extremely well! Look forward to working with you again!
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Buyer | Seller

Great quality working with Davian. Always made himself available and worked efficiently. What a great experience gaining our new place of living!
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Eric P.

Davian helped me through a white elephant of property and his connections were key. We closed the deal together and I can't thank him enough.
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Kelly G.

Davian was very professional with all the correct answers, he made selling my house a pleasant smooth transaction I highly recommend him.
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Shawn M.

Davian followed up after the sale to check in on me and made sure all of my questions were answered.
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Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.

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