VanderZicht Real Estate, Inc. | Whitinsville Real Estate, Uxbridge Real Estate, Sutton Real Estate


When you decide that you want to buy a home, you probably hope it will all happen overnight for you. There’s some bad news though. It can take between 6 weeks and 6 months to buy a home! It could take even longer if you face a few roadblocks or inventory happens to be low in your area. There’s so many variables when it comes to getting a place to live that everyone has a different experience during their home buying process. 


A Long Road


Even if you decide to buy a home today, and find a home you love tomorrow, there’s a bit of a “grace” period before you actually get to own the home. There’s many different steps that you’ll need to complete in order to successfully secure a home.  


Pre-Approval


The first step that you need to complete when you want to buy a home is that of getting pre-approved. The lender will look at your debts, income, and credit history in order to get a complete financial snapshot of you. With this information, the lender will be able to tell you just how much house you can afford. This will be given to you in the form of a maximum loan amount. If your loan amount is $300,000, you can’t be shopping for $400,000 homes. The pre-approval process generally only takes a few days, but everyone’s circumstances are different.


Get An Agent


Before you even start on the house search, you’ll need to find a real estate agent who can help you on your home search and knows how to secure the home transaction. Do a little research on agents in your area. You can also ask around amongst your family and fiends to see if they have recommendations. Who you pick for your agent can have an impact on how smooth your home search process and transaction will be. 


Start Searching For A Home


Start your home search online. With today’s technology, online home searches save those shopping for a home a lot of time. By simply looking at details and listing descriptions, you can narrow down the number of homes you‘d like to see in person. The online home search is a way to screen homes and eliminate the ones that you have no interest in. 


It never hurts if you are driving around and see a “for sale” sign. You can take down the address and look it up later. If you’re interested, you can always set up an in-person showing with your realtor.               


How Much Time Should You Expect To Spend? 


When it comes to how long you’ll be searching for a home, you’ll need to be realistic. If you’re only doing casual weekend searches, it could take a bit more time than if you have a bit more flexibility in your schedule. Then, you have the final steps to look forward to which include:


  • Negotiations
  • Mortgage underwriting
  • Escrow
  • Closing


All of these final steps can take varying amounts of time from a few weeks to a few months to complete. Patience and diligence are indeed requirements when it comes to buying a home.


When you’re shopping for a home, there’s so much to consider. Between the questions of what neighborhood you should live in and what style house you like, you need to think of the most important thing: finances. When you think that you’re financially ready to buy a home, you often will get the notion that it’s a good time to just start shopping. There’s several steps that you must take first before you start shopping for a home. One of the first steps you should consider taking before you make the leap into home ownership is to get preapproved. While buyers still tend to skip the preapproval process, doing this can help you immensely throughout the home buying process. While it may seem an insignificant and kind of boring step, getting preapproved is important for your finances. It may even help you to land in a home that you love faster. It’s actually detrimental to make an offer without a preapproval, because some lenders won’t accept an offer without one. Many realtors verify and require that offers come along with the stamp of preapproval. What Does Getting Preapproved Involve? You may have heard of a prequalification. This is much different from being preapproved. Prequalification involves buyer provided information, just to get a sense of how much they can spend on a home. Preapproval involves credit scores, bank statements, tax returns and more. This process states exactly how much lenders will be willing to give to the borrower. All of the documents needed for preapproval are the same exact documents needed for a mortgage. This helps you as the borrower prepare ahead of time as well. These are some of the kinds of documents that you’ll need for preapproval: Pay stubs W-2s from the previous year Federal tax returns from the past two years Two Months of Bank Statements from all of your accounts A credit report While a preapproval is only one step in the long process of buying a home, it speeds up the later steps of securing a mortgage. The process also helps buyers face their financial reality. Don’t put off the important process because you fear that you won’t be approved for the amount that you need. It’s also common for buyers to assume that because someone they know has been approved for a certain amount of money that they will be able to get that same loan amount as well. This isn’t always the case and another great reason to get preapproved. Errors On Credit Reports Often, there are errors on credit reports. That’s why you need to check them often. If you have some errors on your credit report, getting preapproved is a great way to check if there are any errors and give you time to fix them before you apply for a mortgage.

Saving money is never an easy task. And saving money for a down payment on a home is especially difficult. Between trying to pay down debt, whether it is student loan or credit card debt, a car loan, insurance, rent, spending money and trying to save for retirement and your emergency fund, how does that leave any money left to save for a down payment? Let’s take a look at a few smart ways to save for a down payment. First things first: how much you are able to spend? This will determine how much you need to save— 20% of the total home cost. Once you have that figured out you can begin to plan what it will take to save that amount. It should be your goal to save 20% or more, although there are ways around that number. Cut expenses: Cutting expenses is one of the ways to start saving more money. First, take a look at the things that you spend money on each month that you don’t necessarily need. Do you buy groceries and then go out to eat 3 or 4 times week? Cutting down to only going out once a week will save you some big bucks at the end of the year. Can you cut down on any of your utilities such as cable and Internet? What about your rent? Could you get roommates to alleviate the cost of rent or move to a lower cost apartment? Invest: Investing your money, smartly, is the quickest way to increase your money and build your down payment amount. Investing, in general, will not make you crazy amounts of money really quickly (unless you’re one of the lucky few) but it does add up faster than money sitting in your savings account or under your bed. Consider opening up a CD, an IRA account (there are restrictions), or investing in the stock market. It will take a couple of years for this to really build, but the returns will be worth the wait. Be sure to read up on the best option for you and keep an eye on the market if you are planning on investing in an IRA account or stocks. Automate Savings: If you have the funds but just aren’t the best saver then the easiest way to save more money is to automate it, either through your work or bank. Automating your savings will make it seem like that money was never there, therefore making it easier to forget about it and keep it in savings. You’d be surprised how quickly your money can add up. Additional Income: If you really want to speed up reaching your savings goal then you may want to consider adding another source of income. There are so many ways to earn more money such as selling your crafts online, blogging, a second job, etc. Saving all of the money you earn will expedite your savings. There are also other sources of income such as a bonus, or tax return that are not a part of your regular income. These types of income should also be saved towards your down payment to reach your goal sooner. If purchasing a home is of utmost importance to you, but you are lacking the down payment then it is extremely important to make saving a priority. As detailed above, there are many ways in which you can accelerate the process of earning and saving more money.

Ready to buy a new home? Ultimately, there is no shortage of high-quality residences at your disposal.

For homebuyers, you'll likely need to conduct plenty of research to find your dream house. And as you begin your search for the ideal residence, you should consider a house's interior closely. By doing so, you'll be able to determine whether costly, time-intensive home interior repairs will be needed in the foreseeable future.

What does it take to assess a home's interior properly? Here are three questions that every homebuyer should ask when he or she evaluates a house's interior:

1. Does a home's interior match my personal style?

Do you prefer bold, vibrant home interior colors? Or, do you enjoy a subtle mix of light and dark colors? Consider your personal style as you study a house's interior, and you'll be able to decide whether a home's interior complements your individual preferences.

Remember, a home's interior might fail to meet your expectations. But keep in mind that there are plenty of fish in the sea. As such, you can explore a broad array of houses and should be able to find a residence with an interior that will make you smile.

2. Were recent home interior renovations completed?

Learn about any recent home interior renovations that were completed. That way, you can understand how much time a home seller has committed to improving a home's interior.

Also, if a home seller has performed myriad home interior improvements, try to find out when these renovations were finished.

As a homebuyer, information is key. With details about assorted home interior renovations, you may be better equipped than ever before as you decide whether a residence is right for you.

3. Am I comfortable with a home's interior?

A homebuyer should feel comfortable with a home's interior before he or she purchases a residence.

If you fall in love with a house's interior during a home showing, you may want to consider moving forward by submitting an offer on a house. On the other hand, if you find a home requires many home interior improvements, you may want to consider exploring other houses that are available.

For homebuyers who are on the fence about a home, a real estate may be able to help. This housing market professional can offer expert insights into a house that you may struggle to obtain elsewhere, ensuring you can make an informed decision about a residence.

Furthermore, a real estate agent can take the guesswork out of the homebuying journey. This real estate expert will keep you up to date about new homes as they become available, set up home showings for you and even negotiate with home sellers on your behalf. As a result, a real estate agent will make it easy to find a house that will serve you sell for years to come.

Work with a real estate agent, and you can move closer to finding a home that looks beautiful both inside and out.


Purchasing a home should be fun, memorable process. However, many homebuyers struggle with fears as they embark on the process of acquiring their dream homes.

Some of the most common homebuying fears include:

1. I will pay too much for a house.

Overspending on a house is a common fear among homebuyers nationwide.

If you pay too much for a house, you may struggle to afford the monthly payments for the duration of your mortgage. Perhaps even worse, your house may lose value over time. And if you eventually decide to sell your home, you may be forced to accept less than what you initially paid for it.

Ultimately, an informed homebuyer will understand the differences between a buyer's market and a seller's one. He or she will be able to determine whether a home is affordably priced and proceed accordingly.

An informed homebuyer also will know the importance of getting pre-approved for a mortgage. With a mortgage in hand, this homebuyer will understand exactly how much that he or she can spend on a house.

2. I'll wait too long to submit an offer on a residence.

If a homebuyer is uncertain about buying a particular house and waits too long to submit an offer, he or she risks missing out on this residence altogether.

Fortunately, there is a simple way to avoid this problem.

A homebuyer who knows what he or she wants to find in a dream home can narrow a home search. Then, if the homebuyer discovers a home that matches or exceeds his or her expectations, this individual can submit an offer right away.

Don't forget to submit a competitive offer, i.e. one that accounts for the needs of both a homebuyer and home seller, as well. A competitive offer will stand out from other proposals and increase a property buyer's chances of securing his or her dream residence.

3. I'll buy a home that will fail to maintain its long-term value.

What you pay for a home today is unlikely to remain the same over the course of several weeks, months or years. But a homebuyer who employs an expert home inspector can learn about a house's strengths and weaknesses and ensure a property is a viable long-term investment.

A home inspector will conduct an assessment of a house after a property seller accepts a buyer's proposal. At this point, an inspector will examine a house's interior and exterior and identify any potential issues. Lastly, a home inspector will issue a report with his or her findings, and a homebuyer will have a final opportunity to modify or rescind an offer on a house.

For homebuyers, it is important to work with a trusted home inspector – you'll be glad you did. This home inspector will go above and beyond the call of duty to evaluate a house before you finalize a home purchase.

Working with an experienced real estate agent may benefit a homebuyer too. With a top-notch real estate agent at your side, you can get the support you need to acquire a first-rate home that will maintain its value both now and in the future.




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