In Part 1 of A New Home for the New Year we looked at the first 4 of 8 steps to get you ready to buy a home this year. Now, we take a look at the last four steps which take place after you find your dream home. Eight Steps To Buying a Home (Part 2) Step 5: Make an Offer Once you find the house you want, your real estate agent will help you write an offer. They should also explain the home buying process to you. Your offer will include the price you want to pay along with any concessions or special provisions you might ask for. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale. Step 6: Get a Home Inspection Your offer should be contingent on a home inspection. You will have a certain number of days, called an option period, during which time you should schedule your inspection. A licensed inspector will conduct a visual examination of the home and tell you about the condition of the home to help you avoid buying a home that needs major repairs. Step 7: Shop for Homeowners Insurance Homeowners insurance helps protect your investment while, at the same time, protecting the lender from loss if you have a mortgage. So, your lender will require that you have homeowners insurance. Be sure to shop around for the coverages and premium that are right for you. Step 8: Sign Closing Documents Once all contingencies are met and due diligence has been conducted it will be time for closing. This is the part of the process in which you will sign many documents to finalize your purchase. One of the most important documents you will sign is the Settlement Statement, or HUD-1. You will need to review this document, and all documents for that matter, before you sign. Buying a home can be an exciting, yet overwhelming, process. If you are planning to buy a home this year in the League City, Friendswood, Pearland, Seabrook, Clear Lake or Houston areas, give me a call so that I can help guide you though the home buying process.