How to Stay Organized While Buying a Home
By Mark Simons
marksimons@localigraf.com
Buying and selling real estate involves a considerable amount of paperwork. You need to sign,
store and keep track of many documents. Fortunately, you can find ways to stay organized as
you sell your current place and purchase a new home. Here are some helpful tips from Virtual
Business Solutions to help you get started.
Researching Funding Options
Before you begin looking for a new home, it’s important to research your options and determine
how much you can afford to spend. Many homeowners obtain a mortgage to help them
purchase a home. You can even get pre-approved for a mortgage, which makes buying your
next home easier.
When applying for a mortgage, remember that lenders will review your finances, including your
income, savings, and credit score. They use these factors to calculate your interest rate. You
should also determine the amount you can spend on a down payment and how much you intend
to borrow. In addition, there are programs that can help certain groups purchase homes. For
example, if you are a veteran, you may be eligible for certain government loans.
Purchasing a New Home
Once you figure out your housing budget, you can search for the right property. If you plan to
work with a real estate agent, you can interview several options to find a realtor who suits your
needs. Real estate agents can help guide you through the complexities of the home-buying
process. They can also share their insider knowledge of your areas current real estate market.
After you find the house you want to buy, you can make an offer to the current owners. You may
need to negotiate with the owners to settle on a price. Before finalizing the purchase, ensure the
home is inspected and appraised. Closing the sale involves signing documents to transfer
ownership and setting up your home insurance. Then, you can collect your keys and start
moving in.
Selling Your Current House
Unless you are a new homeowner, you probably need to sell your current residence. A realtor
can help you list your property and find potential buyers. Your real estate agent can also aid you
in displaying and showing your home. Keeping your home tidy can make it more appealing to
buyers. Consider decluttering or moving some of your possessions to a storage unit. Setting a
realistic listing price can help you attract buyers. As you negotiate your homes selling price,
consult your realtor and try not to let your emotions impede the sale of your home.
Organizing Your Documents
Throughout the process of moving from your current place to your new home, you must stay
organized and keep crucial paperwork organized and accessible. If you don’t have a filing
system for paperwork, consider purchasing a filing cabinet or organizer to hold and sort your
papers. You can even create dedicated folders for real estate and mortgage documents.
Alternatively, you may want to consider keeping digital records. In addition, a shredder and
recycling bin can help dispose of any papers you no longer need.
Digital File Organization
You can create digital backup copies of key documents and use an online storage system to
access your files on various devices. You can also use an online PDF tool to alter your files, add
new pages, and access information whenever you need it. If you need to convert other formats
to a PDF, for example, you can do so in moments by clicking this free resource.
From researching mortgages to finalizing the sale of your house, a digital document
organization system can help you stay on top of your paperwork when you move to a new
home. So take advantage of the resources available to you and you’ll be amazed and much
easier and less stressful the process can be!
Virtual Business Solutions can provide you with Transaction Coordinating, Listing
Coordinating, Admin & Marketing, and Graphic Design! Call (972) 540-7745.