Choose A Real Estate Expert
Designed to maximize ROl. Every detail is intentional and informed, whether addressing today's priorities or planning for next years purchase.
Buying a home should be 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 homebuyer’s guide created by your agent will reduce the stress of buying a home and help you enjoy the journey.
Designed to maximize ROl. Every detail is intentional and informed, whether addressing today's priorities or planning for next years purchase.
The first step to buying a home is to understand your buying power and establish a price range. A licensed lender can help evaluate your financial standing and provide a pre-approval. They will review your income and credit history to determine how much the bank will lend you, which will help you determine the price range for your search. Having a pre-approval letter in-hand can also increase the attractiveness of your offer, particularly when a seller has multiple offers to choose from.
Concerned you might not be able to move quickly on an offer because you need to sell your current home first? Bridge Loans are a simple solution to bridge the gap between the home you have and the home you want. Re-cast loans and more.
You can start your search for the perfect home with up-to-date MLS listings in your favorite neighborhoods. Create your free account to save your favorite properties, request showings and more! As your REALTOR®, I will also search for homes on your behalf. When you find a home that you like, we'll schedule a showing tour for you to preview the property in person. Makes the process so convenient.
When you're ready to move forward with a purchase, I will advise you on constructing the strongest offer possible. Then I will draw up the necessary paperwork on your behalf. There is a lot to consider when making an offer. We'll discuss the purchase price, the closing date. sale contingencies and any special stipulations for your particular purchase. We will work with you to develop and execute a negotiation strategy. Once an offer is submitted, the seller may accept, reject or counter the offer. Sometimes we go through several rounds of negotiation and sometimes there are multiple, competing otters. Once you and the seller reach terms that are agreed upon and all parties sign the contract documents, then you will have an executed contract.
If your offer is accepted, you will be officially under contract. The purchase will not be complete until closing, but the home cannot be sold to anyone else while the contract remains in effect. At this point, it will be time to deposit earnest money and option fee with the title company. If you are obtaining financing, then you will also need to engage your lender to start the process. Lenders offer a wide range of loan programs, so it's important to work with a lender vou trust to neo vou determine the best loan for your specific circumstances.
Inspecting the physical condition of your next home is a vital part of the home-buying process. licensed home inspector will conduct comprehensive evaluation of the entire property and report any problems with the condition of the home's structure or systems. There are also other inspectors who can investigate potential Issues such as pest intestations or mold. Depending on the contract, we may enter additional rounds of negotiation to resolve any problems discovered during the inspection.
The appraisal ensures that you are paying a fair price for the house. Your mortgage provider will hire an appraiser to inspect the property and offer an independent opinion of its value. Sometimes, appraisals may come in too low, which can impact the amount of money the bank is willing to lend. In this case, your agent can help you determine next steps and navigate the appeal process.
Prior to closing, we may conduct a final walkthrough of the home to ensure that all negotiated repairs have been completed, and that the home is in the same (or better) condition as when the original offer was made. It is usually just a quick check before you go sign the closing paperwork. Depending on the contract, you may sign a document confirming that the walkthrough is complete, and the condition of the home is acceptable.
Time to celebrate! Your lender will provide a final closing disclosure that summarizes the loan terms, monthly payments, taxes, and other costs associated with the closing. They will also confirm that you are clear to close, and you will sign all of the paperwork required to complete your purchase and loan agreement. Once the paperwork is signed by all parties and your loan is funded, you will receive keys, and you'll be ready!
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