Critical Steps to Buying a Home

Purchasing a home is likely to be the largest investment that a person makes in their lifetime. Therefore it is critical to be aware of the steps a purchaser should take when buying a home.

Be Credit Worthy

Chances are that you will have to depend on a loan to purchase your new home either in Eastlake, Fairport Harbor, or Grand River. For this reason, it is important to make sure that your credit is in good shape. A lender makes their decision to finance in a large part upon a borrower’s credit score. This will also impact the interest rates a lender is willing to offer which affects the monthly payment and the overall amount that you will have paid for the home.

Save Some Money

You should also be aware that most lenders require some type of down payment. Most financial institutions will not lend 100% of the purchase price so a home buyer will need to save at least 3% to 5% of the sales price unless a gift from family can be obtained for the down payment. A lender usually likes to see some type of money in the bank as reserves so a new homeowner is not strapped with an unexpected expense.

Get Professional Help

Working with a Realtor® is crucial when it comes to purchasing a home. Realtors® are well aware of the current real estate market and they will help not only find the right home for the right price but they will assist throughout the home buying process. This will save a home buyer a lot of time and money.

These critical steps should be taken into consideration when deciding to purchase a home. They will save you time and money and ensure a favorable outcome!

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Joseph A. Zingales is a Broker in the State of Ohio, a Broker in the State of Florida, the Principal of The Zingales Team and has been a licensed Real Estate Agent since January 1998.

Licensed/Certified: Broker, Realtor®, Appraiser, and Home Stager.

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Address: 7466 Auburn Road Suite A, Concord, Ohio 44077


Office: 440-296-5006


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