The Steps of the Buying Process

GETTING PRE-APPROVED

You need to know how much you can spend before you start looking for a home. Getting pre approved strengthens your position and increases your odds when submitting an offwer.  The Pre-approval typical is valid for 120 days.

TIPS FOR PRE_APPROVAL

1. Have your documents prepared: tax records and income statements are essential items.
2. Consider all sources of funds: rental income, savings, gifts from family.
3. Get your pre-approval in writing
4. Ask us for recommendations: We are  happy to  you with a preferred lender.

COSTS TO BE AWARE OF

It is imperative to know all of the costs to be aware of. When buying a home these costs can add up quickly. We have detailed customary costs for you.

COMMON COSTS

1. Deposit and down payment
2. Closing Costs:  Closing costs can typically be 1-2% of your final purchase, these are additional funds you will need to have for your closing.
3. Legal Fees
4. Transfer Tax
5. Home Inspections
6. Appraisal Fees
7. Insurance

CREATE YOUR wISH LIST

There are anumber of factors to consider when creating your wish list.

WISH LIST

1. Location, Location, Location
2. Age, Beds/Baths, Size of home, Size of Lot
3. Timeline for purchase.
4. Lifestyle

tHE SEARCH PROCESSS

Life can be busy. Our Brand Partners will help streamline the best properties that meet your criteria.  We will help track which homes you view and provide our professional advice on each.

MAKING AN OFFER

Once you have found the right place it is time to make the offer.Our Brand Partners will work you through the best strategies of making the offer that are unique to your goals, the repective propeety and market conditions at the time of your offer. There aremany components to the offer and each situation is unique. 

1. Offer Price.:  starting point or final price?
2. CLauses;: Inspections, contingencies , financing that can protect you through the process.
3. Closing Date
4. Deposit(s): How much, when?
5. Conditions

OFFER  ACCEPTANCE

Once  the offer  has been negotiated and accepted you file for application of your mortgage, place any additional deposits, conduct  any due diligence negotiated in the agreement.  

1. Home Inspection
2. Title review
3. Zoning  Review
4. Survey Review

The sale remains pending after the diligence is cunducted up until the closing.   

CLOSING DAY 

You will work closely with your lawyer or the attorney representing the lender to fulfill all the requirements of closing.  On closiing day you will sign all the nessecary documenst, receive and accept the deed to the property and receive the keys to your new home.   The closicng process can be unique and unpredictable at times.  Our Brand Partners are experienced and have the ability to guide you through the process.

CONGRATULATIONS YOU ARE A HOMEOWNER!!