Buying A Home

     

1. Receive Your Buyer’s Packet

Schedule an appointment with me to receive your Buyer’s Packet.

During this appointment I will provide you with an outline of the buying process and examples of all the contracts you can expect to sign. I use this time to get to know you and learn what exactly you are looking for in your new home.

2. Get Pre-Approved

It’s best to meet with a mortgage broker as soon as possible. This will give you an idea of what your budget is and what you can expect your monthly payments to be. Also, how much of a down payment is needed and what your closing costs will be.

3. Start looking

Start looking online and in person at potential properties.

4. Make an Offer

Once you find the house that is right for you we will submit an offer.

Offers are not always accepted right away. The process of negotiating the terms of the contract can take anywhere from a few hours to several days, depending on the circumstances.

5. Getting a House “Under Contract”

Once everyone agrees to the terms of the contract the house is considered “under contract” or “contingent”. At this point your earnest money/deposit will be processed but can still be refunded, depending on the terms of your contract.

6. Inspections

In most cases we will schedule a CL-100 inspection and a Home Inspection. Inspections are usually paid for by the buyer on or before the day of inspection.

7. Repairs

In most cases the buyer has the option to request repairs if there are any issues that appear on the inspection reports.

8. Appraisal

If you are getting a mortgage the bank will typically order an appraisal to assure that you are not paying more for the house than it is worth.

9. Final Walk Through

Before closing we will walk through the house to make sure that all repairs have been completed and that there are no new issues. The seller should be moved out by this point and the house should be free of any personal belongings.

10. Closing

At the closing you will sign all the paperwork necessary to transfer the house into your name. Money and keys will be transferred to the appropriate parties and the house is officially yours!

***The above is an example of the home buying process. Every situation is different. Some of these examples may differ in your situation.