• Greater Binghamton Office
    (607) 757 2100
  • Penn Yan Office
    (315) 536 7456

The Buying Process

The Buying Process

Homeownership is one of the fundamental components of the American Dream. When you are ready to make that dream a reality follow the steps below to find an investment that accumulates wealth for the future while enjoying the benefits of a residence that you can use, improve and love!

  • Are you ready to become a homeowner?

How much home can you afford? Review your income, savings, and debt to figure out how much home you can afford. Use our real estate calculators to help determine what you can afford.

  • Get a Realtor®

When you choose a CENTURY 21 Sbarra & Wells agent, you're dealing with a knowledgeable professional who understands your concerns and will provide you with the personalized service that makes all the difference. Your agent will help you identify homes that meet your criteria, set up property showings and guide you through every step of the buying process.

  • Get a mortgage pre-approval

Most buyers need to finance their home purchase, and a consultation with a mortgage lender is a crucial step in the process. Find out how much you can afford before you begin your home search. Ask your sales agents for recommendations for mortgage lenders and brokers.

  • Look at homes

A quick search on our site will bring up thousands of homes for sale. Educating yourself on your local market and working with one of our experienced Realtors can help you narrow your priorities and make an informed decision about which home will be a good fit for you.

  • Get funding

The cost of financing your home purchase is usually greater than the price of the home itself (after interest, closing costs, and taxes are added). Get as much information as possible regarding your mortgage options and other costs.

  • Make an offer

Your CENTURY 21 Sbarra & Wells agent will guide you through this process to make it as simple as possible. Your real estate agent will help you find out what other homes have sold for in the area, and how much money you might have to put into repairs or renovations. While much attention is paid to the asking price of a home, a proposal to buy includes both the price and terms.

  • Inspection & insurance

Your agent can give you a list of area home inspectors that will provide a thorough home inspection. Plan to accompany the inspector and bring a list of questions and concerns so you are educated about any potential problem areas in your new home.

Mortgage lenders require that you have homeowners insurance. This will protect your investment in the event of fire, theft, or other potential liabilities.

  • Closing

In general, ownership of the home is officially transferred from the seller at the closing meeting. Most of the people involved with the purchase of your home will attend your loan closing.

Contact us today to get started on your home buying journey!