Buyers

Whether you are a first-time home buyer or a seasoned expert, purchasing a home can be a complex process.
 For this very reason, We are here to assist you each step of the way. Through every important stage, we will navigate the real estate market together to help lead you to your dream home.
Not sure what you’re looking for? Our detailed understanding of housing trends, local neighborhoods, and financial resources
allows us to give sound, experienced advice to so you feel secure in your investment.

 

The Buying Process

We believe that the more informed you are the better your experience will be. Our team of Realtors ar
e passionate about having the most current market knowledge so they are equipped with the resources to guide you through the home finding process. Providing you with detailed property searches, neighborhood information, and a solid understanding of your options throughout the buying process is what we strive for.Preview Changes (opens in a new window)
Below, is a general checklist of the homebuying process and we are here to help you every step of the way!

 

1. Determine your needs and budget

Before the search begins, it’s a good idea to define what type of house, neighborhood, and location best suits your needs and lifestyle and budget. Have fun with this! Have you always wanted a wood fireplace? Is a large yard important to you? I recommend imagining your dream home while taking into account your financial considerations.
Once you’ve determined these details, let us know what you’re looking for and we will offer our professional experience to develop a plan that works toward your goal. You may want to prioritize what specifications you are looking for in a new home to offer some flexibility when scouting for houses. Every home is unique!

 

2. Get pre-approved for a loan

Meeting with a loan officer is one of the first steps along the way. Sharing income and financial information will give you a price range for which you are qualified.

  • Get Pre-qualified
  • Obtain a pre-approval letter
  • Obtain a “Truth in Lending” letter explaining the costs of borrowing money
  • Learn about the many loans available to buyers in today’s market
  • Learn about closing costs

3. House search!

This is the fun part! With your specifications in mind, we scout the marketplace with resources that keep usup to date on homes just hitting the market. When we find options that meet your criteria, we review them and schedule a tour at your convenience.

  • When possible, all decision-makers should visit the various homes
  • Always be candid – being upfront helps fulfill your particular needs

4. Prepare the offer

Once you have found a great home to call your own, we determine an appropriate offer price by reviewing market trends and similar home sales. With your input, a written offer is drafted outlining price as well as the responsibilities of both parties in preparation for the transaction. If the seller accepts the offer, it becomes a binding contract. It is imperative that you carefully review the contract and clarify any aspects that are not clear to you prior to offering.

  • We will go through the contract together and complete your offer
  • When negotiations are necessary, we work to ensure that you and the seller agree on all terms
  • All documents will be sent to the title company where a file will be opened and the title commitment and property tax information are or
  • dered

5. Make your loan application

  • Give your loan officer a copy of the contract and apply for the loan

6. Inspect the property

In order to ensure your safety and the value of your investment, it is important to have the proper personnel thoroughly inspect the house after the offer and loan terms have been finalized.

  • Select an inspector and arrange for both a general inspection and comprehensive pest inspection
  • Depending on the property and location, we provide additional information about other environmental assessments

7. Appraisal and survey of property

  • The lender and title company will make arrangements for the property appraisal and survey
  • Buyer will be provided a copy of the Title Commitment Letter
  • Buyer will make arrangements for homeowner’s (hazard) insurance, and arrange for the insurance agent to talk with the closing officer at the title company

8. Seller’s closing is also arranged

  • Buyer receives a copy of the closing statement for review prior to closing
  • Buyer does a final walk-through inspection of the property
  • The REALTOR arranges a closing date and time with the buyer and title company. Seller’s closing is also arranged
  • Buyer brings a cashier’s check for all closing costs and the balance of the down payment

9. After closing

The Realtor prepares the necessary documents required for closing such as title examination, payoff statements and deed. On the closing day you will sign all documents. The seller will be paid and you will receive the keys.
Congratulations, you just bought a new home!