Buying real estate isn’t only possible for the “rich and famous!” Most of us just don’t have the kind of cash it takes to buy a home outright! I can help you find a lender to help make your residential purchase happen though. That’s actually the first step in our 6-step buying process.
Buying Real Estate as a 6-Step Process
1. Financing and Loan Programs
Most real estate professionals and mortgage lenders recommend pre-qualifying for a loan before selecting a home to purchase. This process will help you:
-Determine the price range you can afford.
-Understand the types of loans you qualify for.
-Determine what your monthly payment will be.
-Estimate the down payment and closing costs.
A member of our team is a mortgage lender! Raquel Cooley would be a great resource.
Contact Us to get started!
2. Find Your Home
Helping you find the perfect home based on criteria that we establish together will require a little effort, but will be very rewarding.
I will apply my knowledge of the community and professional resources to research available properties to show you homes that best meet your needs.
Let me know if you find a property that interests you through the Internet or your own research so that I can arrange a showing.
Your criteria may change as you view different properties. Open and direct communication between us will be a key element in a successful property search. Please tell me what you’re thinking!
3. Offers & Negotiations
My team and I will do all the necessary research to help you structure an effective offer once you have found the home that you wish to purchase. This is where my negotiation skills come into play.
The seller will have the option of accepting, rejecting or counter-offering when our offer is made.
I will negotiate the best possible terms for you, draft the purchase agreement, advise you of protective contingencies, customary practices, and local regulations.
Home warranty, title and escrow arrangements will be detailed in the offer. Although I will give you advice and information, it is your decision as to the exact price and terms that you wish to offer.
When the purchase agreement is accepted and signed by all parties, I will open escrow for you and your earnest money will be deposited.
The escrow is a neutral third party that will receive, hold, and distribute all funds associated with your transaction.
5. Inspections & Appraisal
Your lender will arrange for an independent appraiser to look at the property and require certain inspections by third party specialists.
I will coordinate your home inspections (termite and roof), attend the inspections with you, and help you obtain a Home Warranty if you wish to purchase one.
You will review the Seller Property Disclosure Statement & Insurance Claim History. I’ll help you obtain any additional inspections besides those required by your lender.
We will review the inspection reports together and I’ll help you execute your parts of the Buyer Inspection Notice and Seller Response.
You will sign your loan documents and closing papers when all of the conditions of the purchase agreement have been met.
Then you’ll deposit the balance of your down payment and closing costs to escrow and your lender will deposit the balance of the purchase price.
The deed will then be recorded at the County Recorder’s office and you will take ownership of your home with the keys in your hand.
That’s going to be an amazing feeling. Buying real estate will likely be one of the most satisfying things you ever accomplish!
As your REALTOR® I will then also become a valuable source of helpful tips for planning and coordinating your move.
Contact Us to get started!