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The Home Buying Process
Here’s A Proven Path to Success in Buying a Home. Click on each step for further information. Step #1: Step #2: Step #3: Step #4: Step #5: Step #8: Step #9:
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What is a Buyer's Agent? This is a Realtor who is qualified to, and will, represent only you and your best interests – not the seller – unless you specifically agree in writing to dual representation, which is a rare occurrence. It is important that you retain a skilled Realtor who has demonstrated competence in several disciplines including local real estate market knowledge, home loan and transaction processes, and above all, keen skills in negotiation with sellers and their seller agents to help you obtain the best price and terms possible. Doesn't every Realtor offer the same services? - Who is ‘best'? Just as homes are all different, the same is true of Realtors and their services. . Even if they are associated with the same brokerage company, they will have differing personal services from the company. It is best to compare before you select a buyer's agent. Ask for their qualifications. Will they offer written money-backed performance guarantees. Will they thoroughly educate you about the buying process so that you make informed and sound decisions? When you select a partner to advise and protect you, your home shopping and buying experiences will be less stressful, less risky and more rewarding.
By understanding your buying power and home loan options, you gain many important advantages when you shop for and purchase a home. You will avoid the pit falls of either ‘under-buying' or ‘over-buying'. Also, a loan pre-approval letter gives you leverage to get the best price and terms available. You may also be more competitive than another potential buyer even if you offer less for the home. For a limited time, our home loan team members will provide you with a free credit report and home loan pre-approval letter. All you need to do is ask us.
Just imagine . . . no longer having to endure slow, endless hours of web surfing searching for real estate information! Plus, no more Sunday afternoons spent driving countless open houses and having every Realtor in town try to sell you their listing!
With our automated Personal Home Finder service you can say goodbye to all of the hassles and inefficiencies and hello to a better way to shop. You'll always be in control of what you see, and you'll get notifications of any price adjustments as they occur.
While you cannot always judge the inside of a home from the outside, you can determine if the location, site, style and condition of the outside would possibly interest you. Make a list of the homes that you'd like to see from the inside. We will arrange a time with you and the sellers of these homes so that you can have a private showing appointment to find the best of the best.
Now it's time to look at your top choices. Plan ahead and give us a few days notice so that you can look at several homes at one. You should never feel like you need to be in a rush to buy a home. We want to make sure that you are confident that you have found the best home for your needs.
Once you have found a great home, it is time to critically analyze and research it. We'll help you evaluate the home, its site and other details to see if your needs will be met both now and for years to come. We will also suggest inspection services to evaluate any apparent defects and to look for non-apparent defects. Then we will help you verify if the asking price is competitive by performing a multi-approach value assessment.
Based on our review of the property, assessment of the listed price and review of current market conditions, you will be more confident to construct and write an offer to purchase the home that you would like to purchase. We will consult with you about a buying strategy and then write, present and negotiate an offer on your behalf, keeping you informed every step of the way. Based on the seller's response, we will advise you on the next steps as necessary. Sometimes a home can be successfully obtained with a few hours of work. Other times it may take as long as several weeks to reach a definitive outcome. We will work with you until your objectives and goals are met.
Often offers to purchase are made contingent or conditional on factors such as satisfactory inspection reports. If so, pre-negotiated limits of cost for any repairs or replacement may be shared between buyer and seller as agreed in the purchase documents. Until these requirements are met, the purchase is not ‘final'. Sometimes these contract terms are easily satisfied while at other times more work and thought is required to protect your interest and still get you the home you want. We help negotiate, coordinate and satisfy many of these post-acceptance details on your behalf.
After contract contingencies are cleared, it is time for an independent third party, the real estate appraiser to re-verify that your new home is indeed worth what you paid agreed to pay. If there is a question about value we are there to help resolve it, re-negotiate with the seller or to release the agreement and find you another home. After your loan company receives a satisfactory appraisal report, and if there are no further repairs, the title (chain of ownership and legal interests) is inspected and a conditional title insurance commitment policy is issued guaranteeing you clear and marketable title to protect your ownership and investment. If there are title defects which can be cured, we will help coordinate and advise you about the process. Finally, we remain on watch for any potential problems that might adversely impact your closing of your new home, as planned. We will work to avoid or work through situations before they become problems. And we will be there to advise and help you with the work through any unavoidable or unforeseen problems in the best way for you.
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