A complete guide about buying a home and the process

1. Coldwell Banker Homebuyer Guide
®
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2. Finding and Financing A Home Made Simple
Buying Your New Home
When using a Coldwell
Banker® Sales Associate,
you can be confident your
search for a new home will
be successful.
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3. The Financing Process

Determine your budget and
how much you can afford.

Get pre-approved for a
mortgage.
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Gather the documents
you’ll most likely need.
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Two most recent pay stubs.
W-2 forms for the past two
years.
Federal tax returns for the
past two years.
Last two months bank
statements.
Long-term debt information
such as credit cards, auto
loans etc.
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4. Getting Approved
A lender will check your credit to see if you’re a good candidate for a
loan.
If your credit rating is poor, there are things you can do to improve it.
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Make sure the report is correct.
If not, call to fix it.
Begin to pay your bills on time.
Use two to four credit cards so you
can keep track of them.
Keep a separate checking and
savings account.
Keep the same job for a few years
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5. Pre-Approved vs. Pre-Qualified

Pre-Approved: confirmation the
lender will give you a commitment
to support your purchase.

Pre-Qualified: an estimate of what
you can afford.
Being pre-approved makes you a
more attractive candidate to the
seller when making an offer.
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6. Deciding On A Mortgage
Fixed Rate Mortgage:
The interest rate stays the same for
the entire term of the loan.
Adjustable Rate Mortgage:
The interest rate is linked to a
financial index and may fluctuate
with market conditions. As such,
payments may vary over the life of
the loan.
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7. Calculating Your Budget
To estimate your budget, add up your
total financial worth and then subtract
all the cost in the purchase.
Some expenses you may carry:
 Down payment
 Mortgage
 Insurance
 Taxes
 Points
 Attorney’s fees
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8. The Fun Begins
Things to consider:
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Size of property
Type of neighborhood you desire
Quality of school system
Nearby public transportation
Urban or suburban
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9. Multiple Listings, Open Houses & Special
Features
As your Coldwell Banker®
Sales Associate, I can show
you every home available
on the market that meets
your specific needs.
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10. Online Access
coldwellbanker.com provides
access to over 2 million properties.
You can also find properties on
your smart phone or iPad via our
mobile site or apps
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11. Online Resources – coldwellbanker.com

Home File:
Quickly and easily save listings, get
email alerts, run automated
searches, and more.

The Learn Section:
Helpful articles, tips and tools for
buyers such as guidelines for
inspections and home maintenance
costs.

Neighborhood Information:
Learn the details of any
neighborhood that interests you
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12. Writing the Offer
Once you’ve found the perfect
home, I will write up the offer
and ensure all paperwork and
activities are completed so you
can close on your property.
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13. The Closing
This is the meeting where
the transaction is finalized. I
will guide you through all
closing procedures to make
your home officially yours.
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14. Enjoy Your New Home
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15. ©2013 Coldwell Banker Real Estate LLC. A Realogy Company. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is
Independently Owned and Operated. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Each agent and broker is responsible for complying with
any consumer disclosure laws or regulations.
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