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Buyer's Guide

A Step-by-Step First Time Buyer's Guide

Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by your agent will help reduce the stress of buying a home and help you enjoy the journey as much as possible.

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Step 1: Research

Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching. In addition to looking for homes that interest you, also take note of any changes in asking prices. This could give you valuable insight into housing trends in specific neighborhoods and help you when the time comes to make an offer.

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Step 2: Decide on Your Budget

Notice I said to decide on your budget—not determine how much the mortgage company will give you. In many cases, a mortgage company will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home. If you’ve lived in an apartment or with roommates, you may overlook new expenses like garbage, water, or HOA fees that could easily blow your budget.

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Step 3: Get Prequalified

Just because you think you can afford a certain payment every month doesn’t mean the mortgage company will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you get your heart set on a home, talk to a mortgage professional to find out what amount you can qualify for. This will also be an advantage when you make an offer on a home, as some sellers won’t entertain offers from those who aren’t already prequalified for a loan.

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Step 4: Choose a Real Estate Agent

Can you shop for, look at, and ultimately make an offer on a home without a real estate agent? Technically, yes, but why would you when it costs you nothing for an agent like me to take much of the stress off your shoulders? Not only will I help identify properties you might be interested in, arrange showings, and ultimately handle the offer process, but I also have a knowledge of the market that you don’t possess. Finding the perfect home can be a daunting task, and this is where my expertise and wealth of knowledge come into play. Let me show you around some homes that meet your dream home criteria so you can find the one that's right for you.

Passion & Expertise

My goal is to provide you with the most personalized service possible, meticulously designed to help you navigate the process of buying your dream home. I am dedicated to understanding your unique needs and preferences, ensuring that every step of the journey is tailored to achieve your ultimate home-buying aspirations.

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Step 5: Find the Right Home

This should be the most enjoyable step of the entire process (other than moving in!). I will arrange showings of homes you’re interested in that are within your price range. Take notes about what you like and don’t like, and make sure to pay attention to details. Turn light switches on and off, open and close doors, and run the faucets in various rooms. Don’t limit your inspection to the home itself. Make sure to take time to explore the neighborhood and keep an eye on traffic at certain times of the day, the parking situation, and how close it is to necessities like schools and grocery stores.

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Step 6: Make an Offer

Once you have selected the perfect home, work with your agent to craft a fair offer based on the value of comparable homes on the market. Depending on what the home is listed at and whether the current environment is a buyer’s or seller’s market, your offer may be below, at, or even above the asking price. I will be able to help you negotiate if you receive a counteroffer and reach an agreement. At this point, the house will go into escrow.

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Step 7: Have the Home Inspected

In most cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. I can help you arrange this, and you can schedule it within days of making an offer. If there are no major issues, the process goes to step eight. If there is, you can renegotiate your offer based on what needs to be fixed, or you can withdraw it.

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Step 8: Select Your Loan

Now is the time to go back to the mortgage lender who pre-approved or pre-qualified you and choose your mortgage. You will be presented with various options based on your unique financial situation, including fixed-rate, variable-rate, 15-year, 30-year, or special programs such as VA loans or FHA loans. Work with your mortgage lender to select the option you feel the most comfortable with.

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Step 9: Get a Home Appraisal

Your lender will have your new home appraised so they have their independent value of it. The appraisal is to ensure that all parties involved are paying a fair price for the house.

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Step 10: Finish Paperwork

No one looks forward to all the paperwork involved in buying a home, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and title company and, when you’re finished, you’ll know you are the legal owner of your new home.

Congratulations!

After signing the final paperwork to complete the purchase, you are now the owner of a new house. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the home of your dreams. 

What My Clients Say

Testimonials

"John helped us buy our first home in Darien, which was recommended to us by a friend. My husband and I would highly recommend John to anyone looking to buy or sell a home. From our initial introductory phone call discussing what we were looking for in a home, to our final walk-through in the home we ultimately ended up buying, John was there with us every step of the way. He is responsive, reliable, knowledgeable, and professional. He clearly did his due diligence and oftentimes knew more about properties than the listing agent. He always had our best interest in mind making sure we knew the pros and cons of every property we saw based on what we were looking for. He also made sure we got the best deal possible during the negotiation process and went to bat for us. He also thinks outside of the box in terms of negotiations and deal-making. This was our first home purchase, and John was extremely patient and explained every step of the process to us, answering my many questions, and always making sure we understood what was going on since we had never gone through the purchase process before. If we ever sell or buy another property, John will be the first and only person we call."
"John helped us buy our first home in Darien, which was recommended to us by a friend. My husband and I would highly recommend John to anyone looking to buy or sell a home. From our initial introductory phone call discussing what we were looking for in a home, to our final walk-through in the home we ultimately ended up buying, John was there with us every step of the way. He is responsive, reliable, knowledgeable, and professional. He clearly did his due diligence and oftentimes knew more about properties than the listing agent. He always had our best interest in mind making sure we knew the pros and cons of every property we saw based on what we were looking for. He also made sure we got the best deal possible during the negotiation process and went to bat for us. He also thinks outside of the box in terms of negotiations and deal-making. This was our first home purchase, and John was extremely patient and explained every step of the process to us, answering my many questions, and always making sure we understood what was going on since we had never gone through the purchase process before. If we ever sell or buy another property, John will be the first and only person we call."
Buyer
"We used John for initially buying our property in 2014, looking at new homes in the area in 2018, and eventually selling our home in 2019. John was a fantastic resource for the local market and was able to identify top neighborhoods based on our description of an ideal environment. Furthermore, John did a fantastic job of managing the process, both in buying and selling, and positioned us as well as possible to achieve the best price and execution!"
"We used John for initially buying our property in 2014, looking at new homes in the area in 2018, and eventually selling our home in 2019. John was a fantastic resource for the local market and was able to identify top neighborhoods based on our description of an ideal environment. Furthermore, John did a fantastic job of managing the process, both in buying and selling, and positioned us as well as possible to achieve the best price and execution!"
Buyer & Seller
"We worked with John for over a year to learn the Fairfield County market and look for a home. Not only is he a highly skilled tactical broker, he also has encyclopedic market knowledge of Darien, Rowayton, Greenwich, New Canaan, etc., and he happens to be a great guy. He is extremely patient, fun to work with, and understands how to counsel different types of buyers and sellers. On top of that, his referrals to attorneys, mortgage bankers, etc. are all spot-on. If you are listing a home or looking to purchase one, we cannot speak highly enough of John. He will guide you through the process and get the deal done!"
"We worked with John for over a year to learn the Fairfield County market and look for a home. Not only is he a highly skilled tactical broker, he also has encyclopedic market knowledge of Darien, Rowayton, Greenwich, New Canaan, etc., and he happens to be a great guy. He is extremely patient, fun to work with, and understands how to counsel different types of buyers and sellers. On top of that, his referrals to attorneys, mortgage bankers, etc. are all spot-on. If you are listing a home or looking to purchase one, we cannot speak highly enough of John. He will guide you through the process and get the deal done!"
Buyer
"Thank goodness for John Bainton! Before we found out about John my fiancé and I spent well over a year looking for our first home. It became so discouraging and at times we had lost hope of ever finding our dream home. All that changed when we met John Bainton. He listened carefully to what we were hoping to find, our likes and dislikes. I can tell you he truly listened, he persevered and shortly after made our dream of owning a home a reality. What I learned about John was he has an enormous amount of integrity, is extremely knowledgeable, takes his job very seriously, is patient, and is truly gifted. This man was with us every step of the way even after we closed he still checked in on us to see how everything was progressing and if we needed any help. I'm honored to have met John and consider him a true friend. If you're looking for a realtor look no further because he truly has a gift!"
"Thank goodness for John Bainton! Before we found out about John my fiancé and I spent well over a year looking for our first home. It became so discouraging and at times we had lost hope of ever finding our dream home. All that changed when we met John Bainton. He listened carefully to what we were hoping to find, our likes and dislikes. I can tell you he truly listened, he persevered and shortly after made our dream of owning a home a reality. What I learned about John was he has an enormous amount of integrity, is extremely knowledgeable, takes his job very seriously, is patient, and is truly gifted. This man was with us every step of the way even after we closed he still checked in on us to see how everything was progressing and if we needed any help. I'm honored to have met John and consider him a true friend. If you're looking for a realtor look no further because he truly has a gift!"
Buyer
"John was a pleasure to work with and we highly recommend him. He was very responsive, knowledgeable, patient, and extremely helpful throughout the entire process. Not only is he an expert on Fairfield County, but he also provided sound guidance to help us make the most informed decisions for our family. As first-time buyers, we are very happy with our decision to work with John and we would not hesitate to use him again."
"John was a pleasure to work with and we highly recommend him. He was very responsive, knowledgeable, patient, and extremely helpful throughout the entire process. Not only is he an expert on Fairfield County, but he also provided sound guidance to help us make the most informed decisions for our family. As first-time buyers, we are very happy with our decision to work with John and we would not hesitate to use him again."
Keith B.
"We highly recommend working with John to buy or sell a home. He was a fabulous resource throughout our home-buying process, helping us weigh our options and make informed decisions every step of the way. Not only did he help us find our dream home (which we didn't think existed after searching on Zillow for over a year, attending open houses, and even using a friend's MLS tools), but he held our hands throughout our entire first home-buying process from helping us find and select a lawyer and a mortgage broker to participate in the home inspection process, he did it all. We were also extremely impressed with his negotiation skills. His experience and knowledge of the market helped tremendously in our negotiations with the seller, resulting in an accepted offer within 48 hours that was significantly below the asking price. John is an excellent agent who consistently goes above and beyond to help you achieve your goals. He is incredibly professional, responsive, and proactive and we would highly recommend him!"
"We highly recommend working with John to buy or sell a home. He was a fabulous resource throughout our home-buying process, helping us weigh our options and make informed decisions every step of the way. Not only did he help us find our dream home (which we didn't think existed after searching on Zillow for over a year, attending open houses, and even using a friend's MLS tools), but he held our hands throughout our entire first home-buying process from helping us find and select a lawyer and a mortgage broker to participate in the home inspection process, he did it all. We were also extremely impressed with his negotiation skills. His experience and knowledge of the market helped tremendously in our negotiations with the seller, resulting in an accepted offer within 48 hours that was significantly below the asking price. John is an excellent agent who consistently goes above and beyond to help you achieve your goals. He is incredibly professional, responsive, and proactive and we would highly recommend him!"
Lauren G.
"We had a wonderful time working with John Bainton as our agent. My wife and I have sold many homes over the years and found this to be one of our best experiences. We felt lucky to have someone working as hard as we were to sell our house. John did a great job researching, pricing, and lining up buyers to view the home. We know he has a strong team of people contributing behind the scenes to help make the sale, inspection, and closing go as smoothly as possible. I would not hesitate to recommend his services. The success we had was due in large part to the fact that John sees his work as a profession and not just a job."
"We had a wonderful time working with John Bainton as our agent. My wife and I have sold many homes over the years and found this to be one of our best experiences. We felt lucky to have someone working as hard as we were to sell our house. John did a great job researching, pricing, and lining up buyers to view the home. We know he has a strong team of people contributing behind the scenes to help make the sale, inspection, and closing go as smoothly as possible. I would not hesitate to recommend his services. The success we had was due in large part to the fact that John sees his work as a profession and not just a job."
Patrick L.
"John is great and highly recommended by us. He is always quick to answer any questions and really made our first home-buying process fun. We wouldn't use anyone else!"
"John is great and highly recommended by us. He is always quick to answer any questions and really made our first home-buying process fun. We wouldn't use anyone else!"
Buyer
"We met john when we were looking for an apartment. He was quick to send through options and eager to show us all the options. We slowly, after looking at apartments, realized buying a home was the right option. John helped us through the 8-month search process and was very patient with us in making the right decision. He went above and beyond to help us work through some permit issues and helped us navigate through the process. It was a great experience to have John help us buy a house."
"We met john when we were looking for an apartment. He was quick to send through options and eager to show us all the options. We slowly, after looking at apartments, realized buying a home was the right option. John helped us through the 8-month search process and was very patient with us in making the right decision. He went above and beyond to help us work through some permit issues and helped us navigate through the process. It was a great experience to have John help us buy a house."
Buyer
"John came to me through Trulia for his local knowledge of Norwalk and South Norwalk. He had to think outside the box to find me a property with accessible extra space that I could convert to use as a piano rebuilding shop for my piano business. He found me a property and then managed to make an extremely difficult deal stick and close. Kudos to his persistence and ingenuity!"
"John came to me through Trulia for his local knowledge of Norwalk and South Norwalk. He had to think outside the box to find me a property with accessible extra space that I could convert to use as a piano rebuilding shop for my piano business. He found me a property and then managed to make an extremely difficult deal stick and close. Kudos to his persistence and ingenuity!"
Buyer

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