Buying Your Home
Setting yourself up for success in your home-buying journey.
PLANNING | CONTRACT | DUE DILIGENCE | CLOSING
PLANNING
Pre-Approval
Assess your financial situation, including your savings, income, and credit score. Contact lenders to get pre-approved for a mortgage loan. This information will help you understand how much you can borrow and give you an advantage when making offers.
Buyer Consultation
I’ll work through an initial consultation with you to better understand your home criteria and property investment goals. I’ll personally search for properties that are within parameters, schedule viewings, find comparables for comparison, and consistently stay in contact for feedback and working discussion.
Home Search
I’ll personally search for properties that are within your parameters, we’ll schedule tours, find comparables for comparison, and I’ll be taking your continous feedback into account as we continue to tailor our search.
CONTRACT
Submit Offer
When we find a property you love, we’ll submit a well-researched and informed written offer to the seller.
We will consider several factors, including but not limited to: price, contingencies, special stipulations, and closing date. The supporting terms in a contract can be just as important sometimes as the price.
Negotiate
The offer can be accepted, rejected or countered. If the offer is accepted, we will enter into a contract. If the offer is countered, we will enter into a period of negotiation until an agreement is reached or a counter is rejected.
Contract
Aside from the Purchase Agreement, there are a number of instrumental documents that we’ll discuss and provide. We’ll share the property disclosures, disclaimers, the Buyer Representation Agreement, notifications, etc.
DUE DILIGENCE
Inspection
Once your offer is accepted, an unbiased third-party inspector will assess the property’s condition. Take advantage of the opportunity to ask your inspector questions in regards to their findings as well as guidance on what repairs may need to be completed. These repairs can be shared back with the seller in the form of requests.
Appraisal
Your lender will arrange for an appraisal to determine the market value of the property. This is a measure to ensure the property’s value aligns with the loan amount requested.
Final Walkthrough
A few days before closing, we’ll have a final walkthrough of the property to ensure it’s in the same condition as when you made the offer and confirm that any agreed-upon repairs have been completed.
CLOSING
Closing
Congrats! On closing day you’ll review and sign all the necessary legal documents, including the mortgage agreement, property deed, and insurance policies. You’ll also pay any closing costs and the down payment required. After the closing, the property ownership is officially transferred to you. Collect the keys and celebrate your purchase!