To the uninitiated, the homebuying process can seem daunting. For first time homebuyers, it can be like learning a whole new language: what's PITI? (principal, interest, taxes, and insurance) How about an ARM? (adjustable rate mortgage), what does DOM mean? (days on market). People living in the Washington D.C. area with the abundance of government employees and military may be used to acronyms and abbreviations, but real estate truly has many of its own.
Even those who have bought and sold homes before may not remember all of the steps in the sometimes lengthy process.
To make things easier, I have created a graphical representation of the home buying process which I explain thoroughly to all of my clients at our initial meeting. My wife loves flowcharts and I think it helps to explain the process in an sequential, organized fashion. I've known many of my clients to take this flowchart and post it up on their fridge so they can follow along as they move down the path to purchasing a home.
To discuss your home search, give me a call at 703-626-0715 and I'll help you move along the flowchart towards finding and purchasing your new home.
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