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Looking for a home? Below is a guide to help you understand the buying process.

Our goal is to find you the best possible home at the best possible price.

So why do you need a REALTOR®?

  • We know every aspect of the entire process from finding the right home and all the other steps along the way to the closing.
  • We will set up a special search program and web page just for you which will only display available properties which fit your desired criteria.
  • We help you negotiate the lowest possible price!
  • We know specifically which forms are needed and the correct way to fill them out.
  • Once the contract is signed, we monitor the mortgage company, the inspectors, and work in conjunction with your lawyer. If each step isn’t completed at the right time, your closing will be delayed! We see to it that everything runs smoothly.
  • We make sure that all interested parties (lawyers etc.) get all the needed documents in a timely fashion.

The buying process

The first step is to get preapproved with a lender. homebuyers have a wide variety of options to help them get into a home—both those available to any purchaser, including Federal Housing Authority (FHA)-backed mortgages and those geared especially to novices. Many first-time homebuyer programs offer minimum down payments as low as 3% to 5% (vs. the standard 20%). Don’t be bound by loyalty to your current financial institution when seeking a pre-approval or searching for a mortgage: Shop around, even if you only qualify for one type of loan. Fees can be surprisingly varied

Find the dream house

The second step is to figure out your wish list for a house. The more specific the list is, the better the results will be. Besides a price range, we need to know the number of bedrooms and bathrooms desired. Do you want a garage or a basement? What towns, geographical areas, or in which parts of the city do you want us to start looking? That is just a partial list. Almost anything can be put on the list.

Take advantage of all available options for finding a home on the market. Use a real estate agent, search for listing online, if you see a for sale sign on a home you may be interested let your realtor know. Go to open houses but make sure to mention you have a real estate agent.

Make an offer

Your real estate agent will help you decide how much money you want to offer for the house, along with any conditions you want to ask for. Your agent will then present the offer to the seller’s agent; the seller will either accept your offer or issue a counteroffer. You can then accept, or continue to go back and forth until you either reach a deal or decide to call it quits

Home inspection

Performed the 1st week or so after the contract is accepted.

A home inspection is an all-encompassing examination of the condition of a home. The home inspection process is often but not always performed at the time of the sale of the home.

A professional home inspector is a professional who will conduct an inspection of the general condition of the home. A good home inspection will assist a buyer in understanding exactly what they are about to acquire. A home may look move in ready, but an inspector will cover features of the house such as electrical wiring, plumbing, roofing, insulation, as well as structural features of the home and may unveil issues that are not noticeable to the buyer’s eye.

If the home inspection reveals serious defects that the seller did not disclose, then you’ll generally be able to rescind your offer and get your deposit back. Alternatively, you can negotiate to have the seller make the repairs or discount the selling price.

If you’re able to work out a deal with the seller—or if the inspection didn’t reveal any significant problems—then you should be ready to continue and move forward.

Closing

Typically four to six weeks after you sign the purchase contract the last step in the process is called the closing. This is when you finalize all the details of the transaction. Knowing what’s expected of you and understanding key homebuying terms can make the process smoother.

Your mortgage closing will likely be held at the office of the title company or attorney office. You will bring along with any down payment or other prepayments related to your home purchase, you’ll likely pay closing costs, which usually total between 3 and 5 percent of the loan amount.

Once all documents are signed and you’ve secured the mortgage the closing is officially complete. You now receive the keys to the property.

Still have questions? Write us.

Email us with your questions. We will get back to you within 24hrs.