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| Buying a home is a major investment and can be very stressful. Read this page to make you aware of the complete process and be sure to click on the links to view brochures and get familiar with the forms involved with a Real Estate Purchase...then call RENEE to get started! BUY YOUR NEXT HOME WITH ME AND RECEIVE A 1 YR BUYERS HOME WARRANTY! |
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(PRINT COUPON) Getting Started Renee is involved in the entire process when you purchase a home through her. She will assist you in gaining a clear understanding of the home buying process and she will work with you to understand your criteria and special needs. Renee will provide information regarding location, community and schools to help make your home buying experience informed and pleasurable. As a homebuyer you have the right to have a professional real estate agent represent you and serve your best interests.
Before you begin going out to look at homes to purchase, you need to be pre-qualified or pre-approved. Sometimes this can be done with a simple phone call. An offer to purchase and contract carries more weight when you have a letter of pre-approval.
Selecting a Lender There are hundreds of lenders available offering an endless number of loan options. Upon request, Renee can provide suggestions to assist you in this process. You will want to determine how much you can afford to borrow based on your personal financial situation. Mortgage bankers and brokers will likely ask you to document your income and debt.
When you purchase a home through Renee, you can expect her to listen to your specific criteria and special needs to help you select the perfect home for you and your family. Renee is knowledgeable about the neighborhoods and communities throughout the You may find a home being sold by its owner without the benefit of being listed with an agency. We endearingly call these FSBO´s. You may request that Renee contact the owner to view the home. Often, the home´s owner will allow this and pay the selling side of the commission to your buyer´s agent! This is when you are most likely to need Renee´s help the most. Buying Your New Home This is the one! You have found the perfect home for you and your family. Now, with Renee, you will review the listing price and decide what amount you would like to offer for the home. Renee will help you prepare an offer to purchase and contract, including any appropriate addenda. Your offer must be accompanied by earnest money, which is considered a deposit made in good faith to show that you are serious about purchasing this particular home. Renee must present your offer immediately. In a perfect world your offer would be accepted immediately, but in reality, you can expect a counter offer ? unless you have offered to pay the asking price. These negotiations are usually done verbally or in writing. This often takes a few days. Keep in mind that homes in this area normally sell between 94-97% of list price (per MLS data) so if the offer that you have decided on is extremely low be prepared for a definite counter or a possible rejection. Once you have agreement on all terms of the contract, you will be ready for the final steps: Inspections Renee will recommend different types of inspections for your protection. Inspections are performed at the buyer´s expense. These are not required unless specified by your lender (i.e. termite inspection), Renee or the Closing Coordinator will help you set up the necessary inspections.
Well & Septic ? If applicable, it will verify the quality of your water and identify any need for repairs or cleaning of the septic system. Repairs that are identified as a result of these inspections are negotiable with the seller. Please be cautious not to confuse required repairs with cosmetic repairs. Sellers are not required to make cosmetic repairs unless otherwise agreed upon in the original contract. *Sellers have the option of refusing to make any repairs and if this happens you have the right to terminate the contract or accept as is. Your lender will order an appraisal as part of the loan process. A house will most likely always appraise for the contract price, or possibly slightly higher. In the unlikely event that it does not appraise for the sale price, you may choose to re-negotiate your contract or withdraw your offer. Walk Through As the new homebuyer, you are entitled to a walk through prior to closing. This is where you ensure that the home is in the same or better condition than when you originally selected it. This also provides the opportunity to verify that all requested repairs have been made. This extremely important since a closing constitutes acceptance of the property in its current condition. One week prior to closing you need to make arrangements for utilities to be transferred into your name and verify that your homeowner insurance is ready to take effect on day of closing. Closing The real estate closing attorney that you have selected will review the final numbers with you prior to the closing. You will sign the necessary paperwork that is provided to your attorney by your lender. Please remember to bring personal identification with you so that the attorney can notarize your signatures. Congratulations! This is where you get the keys to your new home and you can move in unless you and the seller have negotiated otherwise in advance. Now you can celebrate!
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