FIRST TIME HOME BUYER

A SUCCESS CHECKLIST

3-Phased Approach to Success for First Time Home Buyers

Looking to buy your first home?  Use the resources in the First Time Home Buyer Checklist to help you plan.  Start the home buying process with confidence with Spotlight by your side.

 

Expert advice lights your way through one of the most exciting times in your life.  Exceptional services leaves you feeling relieved that you are in the right hands.  Expect more with Spotlight.

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PLANNING

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TOURING

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BUYING

PHASE I, PLANNING

In Phase I we will focus on establishing what you want in an ideal home, and how much you can afford to spend. 

 

Let's get started!

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Do you want to rent or own? 

Weigh the pros and cons of each with this article.

Rent or Own Guide

SPOTLIGHT SUCCESS RESOURCE

Location, Location, Location

Where do you want to live?  Use the checklist to decide what's important to you.

Wish List Check List

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Wants vs. Needs

Using your wish list check list let's prioritize wants vs. needs

Prioritize the List

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How Much Can You Afford?

Use the mortgage calculator to decide how much house you can afford.

SPOTLIGHT SUCCESS RESOURCE

How Much Does it Cost to Buy a House?

Use the expense sheet to understand costs associated with buying.

Expense Sheet

SPOTLIGHT SUCCESS RESOURCE

When Will I Move In?

Understanding timelines associated with buying.

Buying Timelines

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PHASE II, TOURING

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In Phase II we will meet with a Realtor for the first time and start the process of finding your perfect home.

 

Let's get started!

 

Meet with a Realtor  

Collaborate on a plan to meet your needs and find your home

CONTACT SPOTLIGHT

Meet with a Mortgage Broker

Get pre-approved for a mortgage to establish your budget.

Preferred Lender List

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Tour Open Houses

See what's out there and start the search!

Why Open Houses?

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Realtor-Guided Home Tours

Tour with an experienced expert who can help guide your decision.

Things to Look for on a Tour

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Make an Offer

With the support of your Realtor, make an offer

What's Included in an Offer?

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PHASE III, BUYING

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In Phase III we will lock in the sale on your new home!  This is when inspections and the mountains of paperwork you have heard about happen.

 

Let's get started!

 

Formal Mortgage Application  

Meet with your lender to formalize your application

Preferred Lender List

SPOTLIGHT SUCCESS RESOURCE

Complete Home Inspections

With the support of your Realtor, complete your home inspections

What to Expect

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Home Inspection Negotiations

Do you want problems fixed? Or price reductions? Or maybe something else...

Negotiation Guide

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Meet with Your Lawyer

Your lawyer will meet with you to prepare house title transfer documents

Preferred Lawyer List

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Appraisal & Survey

Your lender will schedule a home appraisal and survey

What to Know

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Mortgage Commitment

Your lender will approve you for the purchase and provide any conditions you must meet

What's Involved?

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Utilities Transfer

Reach out to utility providers to put them in your name and schedule them to turn on.

Utility Check List

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Pack Your Bags! (And Boxes, And Pets, And Kids...)

Get ready to move!

Preferred Mover List

SPOTLIGHT SUCCESS RESOURCE

Closing Documents

Your lender will provide final costs and will tell you what to bring to settlement

Settlement Check List

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Clear to Close

Mortgage funds will be available as soon as you sign

Mortgage Timelines

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Settlement & Closing

Meet at your lawyer's office with the sellers to sign documents and get your keys!

What to Expect

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Move In!

You did it, congratulations!

Moving Guide

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Housewarming Party

Once you are settled time to party! Cheers!

Local Catering Guide

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CONTACT SPOTLIGHT
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302-234-1888   //   Coldwell Banker Preferred

5349 Limestone Rd, Wilmington, DE 19808