Buying A Home

Purchasing a home is one of the biggest decisions most people will make in their life. It involves a long-term commitment financially and emotionally, but it can also be a very exciting and rewarding experience.  Here’s the process.  Let’s get started!

Build your team — Key Players first

  • Prepare Yourself — attend consultations with a Realtors and Lenders; ask questions; get educated; commit to the process
  • Find a great local Realtor — experienced; knows the market; cares about you
  • Get Pre-Approved with a Local Lender — experienced; knows the process/programs; cares about you
  • Your Realtor will be able to refer you to Home Builders, Inspectors, Title co. and many other players

Find a home you love and can afford

  • Discuss your “must haves” and your “wish list” with your Realtor
  • Consider location, size, condition, amenities, price range and financing
  • Creation of auto-MLS search and preview properties online
  • Visit homes with your Realtor—including MLS listings, New Const., Open Houses and fsbo’s

Write an Offer — Negotiate a Contract

  • Compare comparable sales and discuss strategy with your Realtor
  • Make a written offer to the seller; provide written documentation, i.e. Preapproval Letter and copies of Earnest Money and Option Fee checks
  • Your Realtor will negotiate the Contract with the seller or their agent — protecting your interests
  • Once under contract — copies go to Lender and Title company.
  • The checks for Earnest Money and Option Period are delivered
  • Lender prepares and provides a Closing Estimate of your closing costs and loan payments. Sign this and return to lender as soon as possible!

The Transaction

  • Option period begins and inspections are ordered (home, termite, insurance, etc.)
  • Negotiate repairs, if necessary, and sign an amendment with the seller
  • Title Company performs Title/ Deed research, writes Title Policy.
  • The Lender will order the appraisal
  • A survey is ordered
  • Appraisal report is competed
  • Survey is completed
  • Make arrangements for utilities on your new home.  Your Realtor can help you with contacts
  • Final Walk Through – revisit the home prior to closing

Closing

  • Lender prepares Closing Disclosure 3 – 5 days before closing. Sign as soon as possible and return to the lender!
  • Lender and Title Company prepare the closing and final loan documents
  • Your realtor will schedule and coordinate a closing appointment for you
  • Buyers and Sellers go to “closing” and documents are signed
  • Documents are sent to the lender for review and the transaction is “funded”
  • You Get The Keys!!

Welcome Home!