The Home Buying Process
The well-prepared home buyer is able to take advantage of any market conditions. My role is to help you be one of the best-prepared home buyers so that when you do find the right home, you are able to move quickly and present a strong offer. Being prepared is the key to successfully purchasing your next home. As an added advantage, your agent's commission is paid by the seller of the home in almost all circumstances. This means my buyer services cost you nothing!
Below is a brief outline of the home buying process.
1. Buyer Consultation
We will meet to discuss the type of home you're looking for, including style, price, and location. I also will take the time to go over the entire buying process, legal forms, and types of agency available. You'll also have some homework to complete after our meeting that will help you prepare for buying a home.
2. Get Pre-Approved
You will need pay-stubs, W2s, and bank statements. Knowing what you can afford is critical to a successful home shopping experience and I don't recommend even beginning to look until you know what you can afford. Nothing is more disappointing than finding your dream home and then learning you cannot afford it. So let's start off looking in the right price range, which begins with your pre-approved loan amount.
3. Search for Homes
The fun part! I will set up search alerts so that you are immediately aware of any homes that hit the market with your desired size and budget. I will schedule showings for homes that you like and help you find the perfect home.
4. Make an Offer
I will prepare an offer based on the price and terms (part of the homework earlier) you choose.
5. Negotiation and Contract
In most cases, the contract provides you with a timeline to obtain financing, as well as time to inspect the physical condition of the home. I will keep you informed of all your rights and responsibilities related to the contract. Coordinating all services and vendors as you choose.
6. In Escrow (Under Contract)
You and the Seller have agreed to the price and terms. The home is effectively held for you until closing.
7. Final Details
During this time you will also perform any and all inspections according to the terms you chose in the purchase contract. You will also be finalizing your loan, reviewing documents, and discussing the findings from the inspection. There are many deadlines and notifications to keep. Don't worry, I will manage this process to assure everything goes as smoothly and timely as possible.
This is the transfer of funds and ownership. A title company or an attorney typically acts as an independent third party to facilitate the closing.
Are you ready to start the process of finding your new home? Begin today by completing my Buyer's Questionnaire and scheduling your Buyer Consultation.
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