The Home Buying Process
It is good to start educating yourself prior to reaching out to an agent, the process consists of 10 Steps;
01
Interview & Consult a Realtor
It is an important part of the process to find an experienced Realtor that can help you write strong and competitive offers, knows the market well and is familiar with the area you wish to buy. An experienced agent will also have great vendor partners to help ensure you have a smooth transaction.
Interview & Consult a Realtor
It is an important part of the process to find an experienced Realtor that can help you write strong and competitive offers, knows the market well and is familiar with the area you wish to buy. An experienced agent will also have great vendor partners to help ensure you have a smooth transaction.
02
Get Pre-Approved for a Loan
Unlike pre-qualification, pre-approval is a more specific estimate of what you could borrow from your lender and requires documents such as your W2, recent pay stubs, bank statements and tax returns. The lender will then use these documents to determine exactly how much you can be pre-approved to borrow.
Get Pre-Approved for a Loan
Unlike pre-qualification, pre-approval is a more specific estimate of what you could borrow from your lender and requires documents such as your W2, recent pay stubs, bank statements and tax returns. The lender will then use these documents to determine exactly how much you can be pre-approved to borrow.
03
Start Your Home Search
If you are early in your home buying timeline, it is good to start out by visiting open houses. This will give you an idea of your wants, needs and must haves. It will also allow you to tour neighborhoods and communities. Once your timeframe gets closer, we will start touring homes as they come on the market until we find your dream home!
Start Your Home Search
If you are early in your home buying timeline, it is good to start out by visiting open houses. This will give you an idea of your wants, needs and must haves. It will also allow you to tour neighborhoods and communities. Once your timeframe gets closer, we will start touring homes as they come on the market until we find your dream home!
04
Prepare Your Purchase Offer
Once you find your dream home, we will work together to write a strong and competitive offer. We will advise you on how to write the best offer for our market.
Prepare Your Purchase Offer
Once you find your dream home, we will work together to write a strong and competitive offer. We will advise you on how to write the best offer for our market.
05
Ratify Your Contract Purchase
Once your offer is accepted, it is called "ratified". Congrats! All of the contingencies in the contract will go off of this date.
Ratify Your Contract Purchase
Once your offer is accepted, it is called "ratified". Congrats! All of the contingencies in the contract will go off of this date.
06
Perform Inspections
You will most likely perform a thorough home inspection, a wood destroying insect inspection and a radon inspection. Visit epa.gov for more information on radon. These inspections must be paid when the service is completed and will cost approximately $450-$800 depending on the size of your home.
Perform Inspections
You will most likely perform a thorough home inspection, a wood destroying insect inspection and a radon inspection. Visit epa.gov for more information on radon. These inspections must be paid when the service is completed and will cost approximately $450-$800 depending on the size of your home.
07
Finalize Your Financing
Your lender will ask you to submit many documents including bank statements, W2, tax returns. This is part of finalizing your loan to ensure you can afford this additional debt.
Finalize Your Financing
Your lender will ask you to submit many documents including bank statements, W2, tax returns. This is part of finalizing your loan to ensure you can afford this additional debt.
08
Prepare for Settlement
Once you have reviewed the home owners documents, had the appraisal completed, finalized your loan, changed your address and set up your new utility accounts - you will be ready for settlement!
Prepare for Settlement
Once you have reviewed the home owners documents, had the appraisal completed, finalized your loan, changed your address and set up your new utility accounts - you will be ready for settlement!
09
Perform a Final Walk-Through
We will perform a final walk through of the home prior to you signing your documents. We want to ensure the home is in the same or better condition than when you first saw it or did your inspection.
Perform a Final Walk-Through
We will perform a final walk through of the home prior to you signing your documents. We want to ensure the home is in the same or better condition than when you first saw it or did your inspection.
10
Settlement or Closing
Once the lender give us "clear to close", and you have done your final walk through, you will go to the settlement office to sign your paperwork. You will need to bring certified funds or wire your funds in advance to the title company. Once you sign, you will receive your keys! Welcome Home!
Settlement or Closing
Once the lender give us "clear to close", and you have done your final walk through, you will go to the settlement office to sign your paperwork. You will need to bring certified funds or wire your funds in advance to the title company. Once you sign, you will receive your keys! Welcome Home!