Find your dream home

Buying a home isn't just about bedrooms and bathrooms; it also involves deciding what kind of lifestyle you want to live. Do you want to take public transit to work? Walk to neighborhood shops and restaurants? Live near a park? Start by exploring neighborhoods. This will help you get a feel for the specific community and pinpoint the areas you like. Our neighborhood information gives you lifestyle information including walkability and transit scores, dining rates, commute time, as well as housing information. We invite you to contact a Lyon agent who can walk you through the process, step-by step, and help you find the home that's right for you.

Home Buying Process


Get pre-approved for a mortgage
Step 1 — Get pre-approved for a mortgage

Once you're ready to buy a home, it's essential that you first get pre-approved for a mortgage loan. Going through the pre-approval process means your lender has reviewed your financial status by verifying your income and debt status. Once you've completed the pre-approval process, your lender will be able to tell you with confidence just how much house you can afford to buy based on the loan amount for which you qualify. Don't confuse the pre-approval process with a pre-qualification, which will simply ballpark how much you can you afford to spend based on unverified income and debt estimates.

HOW TO DETERMINE YOUR OFFER PRICE AND TERMS
Step 2 — HOW TO DETERMINE YOUR OFFER PRICE AND TERMS

Everyone wants the best possible terms when purchasing a home. However it's not always easy determining how much to offer, especially in the face of constantly changing market conditions. Your agent can help you craft a reasonable offer because he or she lives and breathes real estate and knows what it will take to get your offer accepted. In addition to sticking to your budget, your Realtor will review a range of factors including the number of for-sale homes competing for your offer, the terms sellers look for in a clean offer, and any additional terms that are likely to appeal to a specific seller. Whether the market favors buyers or sellers, there will always be comparable market data and fluctuating contractual terms that your agent will be able to analyze in order to help you craft and submit the winning offer!

SUBMITTING AN OFFER
Step 3 — SUBMITTING AN OFFER

A real estate purchase offer is a legally binding contract that a homebuyer uses to make an offer on a property. It is a document that contains information about the purchase transaction and the homebuyer's rights and obligations. The primary elements of the purchase offer include the offer price, down payment, earnest money deposit, and contractual dates that stipulate when the transaction will close and how many days the buyer has to meet certain conditions including the property inspection, appraisal and loan periods. Within the purchase offer, you will also commit to various additional details including escrow costs, real estate transfer taxes and if any local point of sale ordinances will be paid. Once your agent makes an offer to the seller's agent, you may need to negotiate counter offers to reach final agreement.

The Closing Process
Step 4 — The Closing Process

Once your offer has been accepted and your inspections completed, you will need to attend the closing, or settlement. The closing is the legal transfer of ownership from the seller to you. The title or escrow officer will prepare the HUD-1 Settlement Statement, which outlines all of the costs for both the buyer and the seller. You and your agent should schedule a walk-through of the home 24 hours prior to closing to ensure that any agreed-to repairs have been made and that the home is in the condition outlined in the contract. If the property does not meet the agreed-to terms, your agent can delay the closing or request money from the seller to fix any issues. Once the property meets with final approval, the buyer obtains the keys to his or her new home!

Get Pre-Approved


For many, purchasing a home can feel like a daunting prospect, but it does not have to be. VITEK Mortgage Group is committed to simplifying the loan process and helping guide you through a smooth transaction.

Our mortgage partner VITEK Mortgage Group offers the power and resources of a mortgage banker with in-house underwriting and funding, plus the product diversity of a broker. Each Lyon office has a VITEK loan consultant onsite, making it easy to meet and move forward with financing your home. Click below to find out more about home loan options or to get pre-approved.

Get pre-approved today

Find the Right Agent


Search for an agent

Buying a home is probably one of the most significant investments you'll ever make, and it's important that you hire a knowledgeable Realtor to guide you through the process. Friends and family can be good sources to refer their trusted real estate advisor. It's a good idea to interview at least three agents; you will be spending a fair amount of time with your Realtor, so it's important that you pick an agent with whom you feel comfortable and who you trust. Extensive knowledge about local market conditions and about the local community are important. But it's also important to be represented by an agent who will educate you about the process if this is your first home, and to be available to show you homes and provide advice.

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