The Home Buying Process In Usa: Step By Step

[JANASENA]

Idi naa experience tho nenu rasindi. indulo emanna changes cheyyalantey chepandi and also your inputs are much

appreciated. Hope this will be helpful to others.

 

Steps to buy a Home:

 

1. Get a pre-approval letter from Bank. 

 

Pre-approval Letter:  A lender (Bank) will evaluate whether you qualifie for a loan or how much maximum amount a bank can lend you. It depends on how much pay check you draw monthly.

 

I suggest to approach DCU. They offer cheapest interest rates. Here is the website of DCU: https://www.dcu.org/index.html

 

And also search for local credit unions. Credit unions offer the best interest rates than any other bank but the thing is they will take more time to approve than the banks. But if I am you I will prefer Credit unions.

 

The process to get a pre-approval letter will take nearly from 30 to 45 Days. After you get a pre-approval letter then start looking at the houses. The reason behind this is although you started looking at houses and you liked some of them every seller or property owner will ask you for a pre-approval letter.

 

2.  Hire a realtor who can talk on behalf of you. (If you dont need an agent then you can also get realtor's credit upto 2%)

 

3.  Start you home search. You can search in websites like zillow and realtor.com. 

 

4.  Finalize a property. Before finalizing a property you need to take into consideration lots of things like:

 

Community: What kind of community is it ? I mean evaru untaru community lo ekkuva musalolla, nallolla, tellolla, maccu galla ? community lo crime rate kooda choodali. of course everyone prefers a community with low crime rate. 

 

School districts: The property you are buying should always be near to school districts may be max 5 miles. 

 

Grocery store: At least walmart , target lanti pedda grocery stores lo edokataina mee inti daggirlo undedattu choosuko.

 

Pharmacy: Pharmacy ki kooda daggiralo undedattu choosuko. 

 

Office:  As we are young we can drive to office. so doesn't matter hpow far it is but try to be within 15 miles radius. 

 

5. Home inspection: You have to get inspected your home to be by a licensed inspector. Here in Florida it costs $ 450 and also make sure you do Radon testing. (Radon is a naturally occurring radioactive gas that can cause lung cancer. You can't see or smell radon. Testing is the only way to know your level of exposure. Radon can have a big impact on indoor air quality). Radon testing costs $ 300 more. Home inspection as well as Radon testing is compulsory. After that the inspector will mail you the outcome of both the home and radon inspection. In that report you will see nuvvu konaboye intlo ekkadekkada bokkalunnayani I mean what all needs to be fixed. So offer chesedappudu aa intiki baguchethakaiyye kharchu ni minus chesi offer pettali.

 

5. Make an offer.

 

How to make an offer ? Making an offer on your dream home is not at all a rocket science. Nee inti chuttupakkala area lo recent ga ammina illu entha ki ammaru enti ani research cheyyi like sqft entha , living space entha and enni bed rooms unnayi alantivanni choosuko. Finally anni oka lekka vesukoni offer pettali. Nee Realtor gaadu ninnu force cheyyachu intha offer pedadam antha offer pedadam ani be cautious. 

 

Asking price - (Inspection outcome + Year built) = Offer

 

6. If the seller is ok with your offer then next emundi paper work start cheyyadame. 

 

 

 

[Roger_that]

konesava

[Srimantudu]

gp

[Roger_that]

gp

ela undi kothintlo couch

[Roger_that]

rei apava inka g pagultadi lekapothe

*L({}

[k2s]

Nice
Escrow gurinchi kuda rayi baa

[barney]

Thanks for the info Bro...

 

Oka chinna question: Inspection plus radon testing ki almost 750$ avuthundi kadha...adhi manam ee pettukovala??

 

I mean oka 10 illulu chuste akkade $7500 lechipothundi kadha ani adiga...

home  inspection reports already ready ga vunchutaru sellers..verify chesthe chalemo 

[megadheera]

Thanks for the info Bro...

 

Oka chinna question: Inspection plus radon testing ki almost 750$ avuthundi kadha...adhi manam ee pettukovala??

 

I mean oka 10 illulu chuste akkade $7500 lechipothundi kadha ani adiga...

 

chusina prathi illu inspection cheyanchamu. neeku nachi offer ichina tarvutha seller offer accept chesaka then inspection will come into picture

[Novak_Djokovic]

gp

[JabardasthJakkanna]

Good post. Very useful.

Asking rate deggara chinna doubt undi...
Asking price - (Inspection outcome + Year of built) annav kada can you give an example?

[mettastar]

Good post. Very useful.

Asking rate deggara chinna doubt undi...
Asking price - (Inspection outcome + Year of built) annav kada can you give an example?

asking price.. you can always negotiate... depends on what type of home u r buying.. used home aa new built aa 

negotiation lo mohamatam padakunda beram aadukovali

[Rendu]

Konnava ?! 

[nagivator99]

k gud info raja

[UNITED99]

chusina prathi illu inspection cheyanchamu. neeku nachi offer ichina tarvutha seller offer accept chesaka then inspection will come into picture

 

 

manam offer ichaaakaaa , aftger inspection emaina bokkalu unte ela ?  malli inkoka offer ah

 

offer ichemundhu inspection cheppisthe ?? 

[Balibabu]

good post of the year.