the mortgage/ lending industry. We suggest you consult with multiple lenders to get quotes on interest rates, programs provided, and then ultimately, your Pre-Approval.
Time to start looking!
As you begin to look for a home that you want to buy, you’ll undoubtedly end up looking online as well as through homes we’ll send you from the Multiple Listing Service (MLS). We’ll start scheduling appointments to view and tour these homes and help you narrow them down to your final list of favorites.
Find “YOUR HOME”
We've found it! The house that you’ll want to call home. Now it’s time to get
strategic and get started with the purchase process. We'll begin to discuss the process of making an offer.
Once you determine which home you want to make an offer on, we will help you
with comparable homes that have sold in that neighborhood within the past 6-12 months. We want to help you make an educated and informed buying decision, and feel confident in the offer you're making.
The Offer to Purchase
We’ll write an offer to your approval. Once you have signed and initialed the offer, we’ll submit to the Seller or Listing Agent of the property.
We will negotiate all of the terms of the contract with the Seller, and when we come to
an agreement that you're happy and comfortable with, you’ll sign the negotiated “final” sales contract.
Send the contract to your Lender
We'll send a copy of the contract to your lender so they can begin the mortgage process.
We'll help you choose a home inspector and schedule the actual inspection. The inspector will generally provide a thorough report with the results of his inspection. When the report comes back, we’ll typically go over the results with you and you’ll decide on your repair requests (if any). Repair requests typically have to be provided in writing to the seller within a specific timeframe from the effective date of the contract. Once all repairs have been agreed to, it's time to proceed.
Once we’ve completed negotiation of any repairs and you are satisfied with the
condition of the property, your Lender will then order the appraisal. This process usually takes 5-7 business days. Once the appraisal is in, your lender will notify you of the results and if there are any issues with the report that need to be addressed.
Owner’s Title Insurance and Wood Infestation Inspection Report (a.k.a. termite
At some point during the process of buying a home, your lender will usually order the title work and depending on the market, the listing agent will order the termite letter.
You will want to go ahead and start calling for homeowner's insurance quotes. The
data sheet for the home can be provided to you for this as you'll most likely need square footage, age of roof, etc.. Once you have a quote you like, you'll choose your insurance company and they will provide the information needed to your lender.
Before the date of closing, you should arrange for electricity, etc. to be
transferred into your name on the date of possession.
Settlement Statement/ Closing Disclosure
At least 3 days prior to closing, you will receive a copy of the Closing Disclosure from either your lender or the settlement agent/ closing attorney. You should review it and contact us with any questions or concerns.
Final walk-through prior to closing
This can be scheduled anywhere from several days prior up to the day of closing.
Funds needed to close
At this time, you will be notified of the amount of money that you need to bring to closing. Funds needed at closing must be in the form of a MONEY
ORDER or CASHIER’S CHECK. Personal checks are not accepted at closing. Do not
bring cash to closing.
It’s closing time!
Attend closing at the schedule date and time. What to bring: Your
government issued form of identification, usually your Driver’s License.
You'll sign your closing documents, get your keys and become the proud owner of your new home! Congratulations!!My Home Tracker - Want to get emails showing all the new homes for sale that meet your needs? Sign up for the free My Home Tracker today and you'll get results sent straight to your inbox!