"STRIVE NOT TO BE A SUCCESS, BUT RATHER TO BE OF VALUE."
Albert Einstein
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Your first step is to establish a budget for a new home. The best way to do this is to meet with a mortgage professional.
- Getting pre-approved allows you to narrow your home search.
- It also makes your offer stronger when it comes time to buy.
- Your lender will review your, income, assets, and credit history to pre-approve you for a loan.
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Imagine your ideal home then make a list of everything you envisioned.
- Include the number of beds/baths, the style of home, and location in your list.
- Break your list down into high-priority items you can’t live without and lower-priority things that would be an added bonus.
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Once you know how much you can afford and what you are looking for in a home, it is time to begin your search.
- The best place to start is online.
- Consider setting up a MyWindermere account using the button in the top right corner of your screen so you can be notified every time something new comes on the market that fits your search parameters.
- Maria & Jay can also send you potential homes and take you to tour them in person when you are ready. Connect with us here.
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This is likely one of the largest financial purchases you will ever make.
- It is critical to have a full-service pro who understands the market and can expertly navigate you through the intricate buying process.
- Don't hesitate to get in contact them.
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When it comes time to make an offer on a home, we will negotiate on your behalf in order to attain the best terms for you. This can include negotiating the price, repair costs, timelines, and contingencies.
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This is the legal contract buyer(s) and the seller(s) enter into once the buyer(s) offer has been accepted by the seller(s). It outlines the terms and conditions of the sale and is signed by both parties.
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A % of the asking price deposited into an independent account to demonstrate that you're a serious buyer. The seller(s) takes their home off the market. At closing the money is put toward the down payment or closing costs.
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Once the Purchase and Sale Agreement is signed, a home inspector is hired to examine the home’s health, safety, and major mechanical systems. If any issues arise from an inspection, the buyer may be able to renegotiate their offer.
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After your offer is accepted, the next step is to get final loan approval. During this process, the lender will decide if they are willing to approve your mortgage based on things like your creditworthiness, the title history, and the appraisal of the home you want to buy.
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This is a report for you and your lender detailing the history of the home that you are buying to ensure there are no legal barriers to purchasing it.
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Escrow is an impartial third-party process in which documents and funds are deposited by buyers, sellers, and lenders to facilitate the closing of a real estate transaction.
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During this final step of the home-buying process, ownership is transferred from the seller(s) to the buyer(s), closing costs are paid, and a number of documents are signed. After closing is finalized and recorded, the home is yours!
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