Our Buyers
Below are some steps to help you with the process.
“Must-have” / Goals
Before beginning your home search, make sure to have idea on what you are looking for, your goals: desired neighborhoods, type of home, must-have amenities, etc. As you get into the market, you may need to be flexible on some of your “must-have” but starting with a best-case list will help with the process.
Finances
It’s important to make sure you know where you stand on your finances. Make sure that you have savings and reserves in place to support your home purchasing goals.
Get Pre-Approved
Pre-approval letter or Proof of Funds (POF) are required when submitting an offer. Finding the right mortgage lender/broker is important. If you don’t have a mortgage lender/broker that you have worked in the past, do your diligence check reviews, ask family, friends, your realtor. Make sure you’re choosing someone with a track record of satisfied borrowers and most importantly that you feel comfortable.
Hire a Real Estate Professional
The real estate industry encompasses a wide range of professionals including brokers, agents, salespeople, property managers, appraisers, and more. It’s important to remember that not all real estate professionals are REALTORS®. Big companies are not necessary the best choice, as you may not get the attention you need. Once again, do your diligence. Referrals are usually the best way to go. However, you must feel comfortable and trust your agent. Trust, they have your best interest at heart.
Make an Offer and Negotiate
Once you’ve found the home you’d like to buy, it’s time to make an offer. Here’s where your agent expertise comes into play.
Don’t get discourage if, sellers don’t accept your offer right away, sellers can counter your offer, inspections can reveal possible repairs, and you can suddenly find your budget at risk and maybe even question if this is the right home for you. Above all, stay calm and continue to communicate with everyone involved.
Close the Deal
The timing for closing can vary, all transactions are different. Typically, within 48 hours prior to closing, you’ll do a final walk-through to check that all agreed-to repairs are completed and that the home is in the expected condition. 72 hours prior to closing date, you will also receive your Closing Disclosure. This document lays out the final details of your loan and closing cost you have agreed to. Review it carefully.
Closing Day
Once you’ve found the home you’d like to buy, it’s time to make an offer. Here’s where your agent expertise comes into play.
Don’t get discourage if, sellers don’t accept your offer right away, sellers can counter your offer, inspections can reveal possible repairs, and you can suddenly find your budget at risk and maybe even question if this is the right home for you. Above all, stay calm and continue to communicate with everyoOn closing day, you will attend the settlement appointment to review and sign the final paperwork. On this day, the ownership of the property is transferred to you, the buyer. This day consist of transferring funds form escrow, providing mortgage and title fees, and updating the deed of the house to your name. Once all documents are signed and funded you are done with everything, and you will be ready to move into your new home!!ne involved.