1. Buy vs. Rent
Determine whether buying or renting is your better option. Considerations include your financial situation/circumstance; your current circumstances (an impending marriage; potential job promotion; change in family size; desire for additional home, etc.); the proposed length of time at the new home; and the condition of the current housing market.
2. Determine Finance Method
You will decide whether financing the purchase with a mortgage product or paying cash is the better option for you at this time. Should you decide to finance the purchase with a mortgage, meeting with your mortgage provider to determine the mortgage product or type is the next step. If you do not have a mortgage lender, I will refer you to several reputable local mortgage lenders who have a proven track record of providing excellent service.
3. Meet with Me
The first thing we will discuss is who represents who in a real estate transaction and the benefits you will receive with me as your buyer’ agent (advocacy, advice, counsel & negotiation). We will walk through the buying process specific to you and your circumstances and goals. We will determine your needs and wants (for the new home & timeline) and comprise a game plan that will best serve you.
4. View Homes
We do what you have been wanting to do since step one: look at homes!
5. Choose a Home and Tender an Offer
You will choose a property to become your home and we will draft and tender an offer that best suits you. The offer will contain the price you are willing to pay for the property and the other terms of the purchase agreement (method of payment, good faith deposit amount, closing date, inspection contingency time frame, etc.). In my 21 years as a full time Realtor© I have successfully negotiated offers ranging from private sellers to bank foreclosures, Fannie Mae/Freddie Mac/HUD owned properties, short sales, estates and multiple offer situations. So, regardless of what may present itself during your negotiation, I have the experience to successfully navigate whatever might arise.
6. Inspect Home
Now that you have a fully executed purchase agreement, it is time to have your private home inspection. The purpose of which is to gain valuable insight into the home’s condition from an expert in the field. This critical step provides another layer of protection for your investment.
7. Process Mortgage
Upon a successful home inspection, you move to processing the purchase including the mortgage (if you have chosen a mortgage as the method of financing). Other items addressed at this time are obtaining title insurance, city inspection (if required) and home owner’s insurance.
We close the purchase. At this time all conditions of the purchase agreement have been met and the funds are handed from you to the seller. We will review, prior to closing, the documents you will sign and confirm all the monies are accurate.
9. Move In
You take possession and move in to your new home!!!