THE BUYING
PROCESS
Whether you’re a seasoned investor or first time home buyer, we’re here to help you accomplish your goals.
01. Consultation
The first step is getting to know your goals for your home and how you envision yourself living in it. We will ask questions to help you uncover the specifics behind your dreams and clearly articulate your priorities with your next home.
02. Pre-Approval
Before you start looking at properties, it’s critical to meet with a lender to determine your budget. They will look at your income, debts and savings for a down payment. The lender will be able to show you how your monthly mortgage payments might add up and how your finances could look as a homeowner.
03. Home Search
We’ll start with a broad search to make sure we don’t miss anything. Our search tools include the MLS, private coming-soon groups and brokerage-only listings. When you’re ready to see a home, we’ll make an appointment and tour. We will discuss your feedback after each showing.
04. Make an Offer
When we’ve found “the one,” it’s time to write an offer. This is where we set terms with the seller: price, contingencies, closing date, Earnest Money etc. We’ll work with you and your lender to craft the strongest offer possible, then negotiate on your behalf.
05. Under Contract
When your offer is accepted, the clock starts ticking on your next steps: Earnest Money, loan application and inspections. Both Earnest Money and inspection costs are paid by you before closing. We’ll help you set up an inspection and discuss the results.
06. Inspections
Inspections typically include a home inspection, radon test, and termite inspection. The inspector will thoroughly examine the property, from the roof to the crawl space, noting any defects or safety issues. We'll meet the inspector at the end of the inspection to review the report and address any questions you have.
07. Appraisal & Title Search
Your lender and title attorney will be working on your behalf as well. The lender will order an appraisal while your title attorney performs a title search to ensure there are no liens or problems that might prevent a title from being clean, keeping you from closing on the home.
08. Closing Day
We’ll meet at your title company to sign paperwork for the lender, title and deed. Your lender or title company will notify you of the exact amount 72 hours before closing and your title company will send you wiring instructions. Congratulations–you’re a homeowner!
09. Beyond the Closing Table
Closing on your new home is just the beginning. We're here to help you with anything you need, whether it's answering questions, connecting you with contractors, or hearing about the exciting updates you've made to your home.
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A lender will need information from you in order to get you pre-approved and through the home buying process. Here are a few things to have ready for them:
Monthly payment amount that you feel comfortable with
Amount of cash you are willing to put down
Credit Score
And the paper trail:
W-2 or 1099 forms from the past two years
Pay stubs from the past 30 days
Federal tax returns from the past two years
Proof of other sources of income
Recent bank statements
Details on long-term debts such as car or student loans
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A relationship in which an agent represents and advocates for the buyer's interests, helping the buyer find and procure property, negotiate terms, and ensure their needs are prioritized.
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Transaction charges that the buyer will pay at the end of the contracting period to transfer title. An additional amount to the purchase price that the buyer will need to have set aside for closing. Usually 3-6% of the purchase price.
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We sure can. From your agent to your lender to your title company, we’re all here to help you accomplish your goals. It’s your team; you get to choose the lineup. We're happy to make some recommendations.