Buy > Buying Guide
Step-by-Step Guide to Buying
Buying a home brings a lot of moving parts—and big emotions—but it doesn’t have to bring uncertainty. At Danahy Real Estate, we believe that real confidence comes from having a clear plan, honest communication, and a Danahy Realtor® you can count on. Our role is to help you sort through the noise, focus on what matters, and make decisions that feel smart, steady, and right for you. Below, you'll find a clear outline of what the buying process looks like—so you can move forward with certainty, not guesswork.
Meet with us to discuss your goals and create a wish list for your ideal home. Choose a real estate attorney to review contracts and manage the transaction to closing.
We will connect you with lenders to secure a preapproval letter, which will define your maximum buying power.
We will provide available homes that match the items on your wishlist within your desired budget.
Once you find the ideal home, we will help you prepare an offer with a competitive price and terms. We will then negotiate on your behalf iwth the seller's agent to reach an agreement.
Arrange for a licensed home inspector to review the condition of the home you've offered to purchase. We will negotiate for necessary repairs or adjustments based on the inspection findings.
Your contract advises you to be in touch with your loan officer within a few days of going under contract. This is to help you select the best mortgage for your purchase and formally apply for your loan.
The lender will conduct an appraisal to ensure the property's value matches the loan amount. Underwriting involves verifying your financial information and assessing the property's value. DO NOT APPLY FOR NEW CREDIT OR CHANGE JOBS.
Once underwriting is done, you'll get a draft mortgage commitment letter with final conditions. Once these are met, your loan goes to the closing department to be cleared to close.
The final closing date will be determined by the seller, buyer, and bank's attorneys. Once the date is set, you'll receive notice of the final amounts due at closing. Make arrangements for utilites to be transferred on the closing date.
Prepare for a final walkthrough with your agent 24-48 hours in advance to ensure all negotiated contitions are met, and the home is in the same condition as at purchase. Verifiy with us how to obtain keys to your new home.
Attend the closing with your attorney to provide a certified check for all funds due and sign all necessary documents to finalize the purchase. YOU NOW OWN YOUR NEW HOME! Congratulations!