Choosing to buy a home is one of the biggest decisions you’ll make in your life. It is a complex process so why go at it alone? Instating the help of a knowledgeable REALTOR® will make the process run smoothly. Here is a general overview of what to expect and prepare.
Get Your Finances in Order
It is so important to get Pre-Approved with a Mortgage Specialist. If you’ve ever fallen in love with something only to realize that its way out of your budget, you’ll understand why a Pre-approval is so important. Determine the price where you're comfortable, regardless of how much you are approved for.
Meet with Your Realtor
It’s important to partner with a Realtor you feel completely comfortable with. I can help you find a home that meets your needs and budget. With me, you can discuss your needs vs wants, important things like nearby schools and neighborhoods and discuss any questions or concerns you might have. Everything you tell me is held in the strictest confidence so don’t hold back, the more I know about you and your situation, the better job I can do for you. I will set up viewing appointments, share my knowledge and expertise with you and help bring clarity to the complicated process of buying a home. I work in your best interest above everyone else’s. As a buyer, my compensation is paid by the seller, so there is no out of pocket cost to you, for me to assist you with the biggest purchase of your life.
Buying a home is not a process of selection, it’s a process of elimination. We will look at homes on the internet and in person to eliminate homes that aren’t right for you until we have it narrowed down to the best one!
Once we have it narrowed down, I will help you prepare an offer to purchase and negotiate on your behalf. The offer is a legal binding contract and is to protect all parties involved. Here are some terms that every offer will include:
a. Purchase Price – the amount being offered by the buyer to the seller for the home and attached goods
b. Possession Date – the date the buyer takes legal ownership and of a property
c. Chattels – the attached and unattached goods that the home is being sold with
d. Buyer Conditions – Due diligence on the buyer’s side. These are items that are to protect the buyer. If these conditions are not satisfied the contract does not move forward.
e. Seller’s Conditions – Due diligence on the seller’s side.
f. Additional terms – These are items that both parties have agreed will be completed before legal transfer of the home.
An accepted offer is usually accompanied by a deposit. The amount can vary and is held in trust and out towards the purchase price of the home. Once we have an accepted offer, we will typically have 10 business days to fulfill our side of the conditions. Typical conditions would include financing and Home Inspection. Once we have done our due diligence and are comfortable, we would waive those conditions. Once our conditions are waived, all your paperwork is sent to your Lawyer. They will do the final signing with you.
Move in Day!
The final step is the move in day (the most exciting day of all) Your move in time will typically happen between 12-2 once the funds have been transferred. I will meet you there with the key to your new home and we will celebrate!