Our Buyer's Agents are ready and available to help you with all your buying needs.
- Assure that you see all the properties in the area that meet your criteria.
- Guide you through the entire home buying process, from finding homes to look at, to getting the best financing.
- Make sure you don't pay too much for your new home and help you avoid costly mistakes.
- Answer all of your questions about the local market area, including schools, neighborhoods, the local economy, and more.
- As your agent, we will help you establish specific goals you would like to meet. It is very important to have good communication between yourself and your realtor.
- Check your credit rating. Straighten out any errors before its too late.
- Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
- Find a loan program that meets your needs and get pre-qualified (preferably pre-approved).
- Choose a REALTOR® that you trust and who understands your needs.
- Determine what neighborhood best matches your needs.
- Identify important features you need your new home to have. You may want to make a list or brainstorm about the features and amenities that you find most appealing in a new home.
Starting the Loan Process:
- The "pre-approval" process helps a lender determine the amount of money you can afford for a mortgage.
- Contact a lender. See our preferred list under our Mortgage Center.
- How much money should I put down?
- How is my credit?
- Is this your first home
Receiving a loan requires completion of a loan application and your financal documents including pay stubs, rental checks and/or tax returns. You can receive a loan from commercial banks, credit unions, mutual savings banks, mortgage brokers and more.
- Lender fees include charges for loan processing, underwriting, preparation and establishing an escrow account.
- Third-party fees include charges for insurance, title search, and other inspections such as termites.
- Government fees include deed recording and state & local mortgage taxes.
- Escrow and interest fees include homeowner's insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.
Starting Your Search:
Where do you want to live?
What is the crime rate?
Would I be moving into a good school district?
Are there HOA or zoning restrictions?
How far will I have to drive to work?
What is my price range?
Number of bedrooms and bathrooms that are needed?
What style of house do you like?
- Is there room to expand if we need to do so?
- Selection should be easy once a home falls within your search criteria.
Tell your agent what you like about each house and what you don't like. If it's perfect, say so.
Making an Offer on a Home:
The purchase offer you submit, if accepted, will become a binding sales contract. The contract must include everything from price, closing date, inclusions, inspections and much more. Other items it will contain are:
Address of the Property
Date contract is being written
Seller's promise to provide clear title
Target date for closing
Amount of earnest money deposit that is to accompany the offer
Method by which real estate taxes, rent, etc. are to be prorated between buyer & seller
Provisions about who will pay for title insurance, surveys, HOA dues, taxes
Type of deed to be given
The right to do a final walk-through prior to closing
A time limit as to when the offer will expire
You will have a binding contract if the seller, upon receiving your written offer, signs the offer just as it stands. The offer becomes a firm contract as soon as you are notified of acceptance. If the offer is rejected, that offer expires and the sellers cannot change their minds and hold you to it.
If the seller likes the offer, you may receive a written counter offer with the changes the seller prefers. You are then free to accept or reject it or even make your own counter offer. The offer becomes a binding contract only when one party signs an unconditional acceptance of the other side's proposal.
If your offer says "this offer is contingen upon (or subject to) a certain event" you are stating that you will only go through with the purchase if that particular event occurs. The following are some common contingencies contained in a purchase offer:
Survey or ILC (Improvement Location Certificate)
The closing process is always changing. It is referred to as "settlement" or "escrow" in different parts of the country. Most closings are automated and both parties do not have to be present at the same time to sign.
Closings take up to an hour to complete. It takes longer for the buyer as they have to complete their loan documents as well. The closing process is the transfer of the title of the property from the seller to the buyer. The buyer will receive the keys to the home or the deed to the land, while the seller receives payment for the property.
All that's left is to move in.