Home-buying process

Whether you already live in the Albuquerque or Santa Fe area, you’re relocating or retiring, or buying a second home, the steps below will help you gain an understanding of the home buying process. If you have any questions, feel free to email or call one of the Brokers at Talia Freedman & Co., to discuss your thoughts, questions, or plans. We’re always here to help and it’s never too early to get started.

Check out this great video for home buying tips.

Home Buyers’ Step-by-step instructions

• Pick a Realtor (one of the wonderful Brokers at Talia Freedman & Co of course! )
• Sign a Buyer/Broker Agreement
• Pick a Lender (You can also start with a lender and then find a Realtor. Ask us for a recommendation!)
• Get approved for a loan if needed
• Find a home
• Write an offer
• Negotiate the contract
• Get offer accepted
• Get insurance
• Complete inspections
• Negotiate repairs
• File change of address – 1 week before signing
• Jump through last minute underwriting hoops – 1 week before signing
• Change utilities (gas, electric, cable, phone) – 3 days before signing
• Get final dollar amount needed for signing – 2 days before signing
• Do walk-through – review repairs list if any – 1 day before signing
• Get cashier’s check or set up wire for signing – 1 day before or day of signing
• Go to signing and sign lots of papers (takes about an hour) Bring a cashiers check made out to the title co and Driver’s License
• Get keys – Day after signing, sometimes 2
• Alert people to address change: banks, credit cards, subscriptions, schools…
• Change the locks
• Deep clean
• Move in
• Have house warming party and invite your Realtor, lender, insurance agent and mover (or anyone who you would refer to your friends in the future)