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Buying A Home

THE BUYING PROCESS

We invite you to call on us to assist you. We’ll help you step-by step through the buying process, to find the home that’s right for you.

For some people, purchasing a home can often be an intimidating process, but, it doesn’t need to be. Below, please find some steps that we can help you with in your quest to find and secure your dream home.

Real Estate Buying Process

When buying a home, the first step is getting a pre-approved amount from your lender that indicates what you can afford for your mortgage. The lender will use your financial status (your income and debt position) to determine the maximum, pre-approved mortgage amount available to you.

Preapproved

Once you know this figure then you can begin the search for your new home.

You’ve found the home of your dreams. . . now you must make an offer and create the terms of the sale. With constantly changing market conditions, we can help you create a reasonable offer, help you stick to your budget and look for any terms or suggestions that might appeal to the seller resulting in  yours. . . . .being the winning offer.

Submit Offer on home

The “Offer” to purchase real estate is a legally binding contract. This document contains specific information about the purchase transaction along with the home buyer’s rights and obligations. These elements include: price, down payment, Earnest Money Deposit (It tells the seller you’re a committed buyer and helps fund your down payment) and dates that stipulate when the sale will close.

In addition, it states how many days the buyer has to meet certain conditions like a property inspection, an appraisal, the loan period, commitment to escrow costs and real estate transfer taxes. If for any reason the seller does not accept your offer you may need to negotiate a counter offer, as well.

Making and offer on your new home

When your offer is accepted and inspections are completed, the closing (or settlement) date will be set. This is when you sign the legal transfer documents of ownership, from the seller, making the property yours. At the closing, the title or escrow officer prepares the official paperwork that outlines all of the costs for both the buyer and the seller. A walk-through with us will be scheduled, prior to the closing, so that any agreed upon repairs and the condition of the home outlined in the contract have been made.

If any of these terms or issues have not been met, we can delay the closing or request money from the seller to fix these issues.

Closing procedures on your new home

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