Buyers

The Home Buying Process

Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide will help reduce the stress of buying a home and help you enjoy the journey as much as possible.

Step 1: Analyze Your Needs in a Consultation

What is your life plan for the next three to five years? This will directly impact your search and selection of properties.
Develop a “Needs List” vs. “Want List”- Prioritize.
Loop in our Lender so you can better understand the actual numbers and be comfortable with your monthly housing payment.

Step 2: Obtain Financial Pre-Approval

It is smarter to start the process with a budget.
A Pre - Approval letter must be submitted with any offer.
Being prepared allows you to take advantage of a hot property.

Step 3: View Properties and Refine Your Focus

Experience your Neighborhoods of Interest- Take a walk, go to brunch, grocery shop, get dinner.
Evaluate the selected properties with your goals and financials in mind.

Step 4: Decision To Purchase... Submit an Offer

We provide an analysis of comparable properties to determine market value.
We will advise on market trends in your specific neighborhood.
We review and draft the offer for your signatures.
Initial earnest money deposit due (usually a check around $1k to $2k).

Our goal is to provide you with the most personalized service that is designed to help you buy your dream home.

Schedule A Consultation

Step 5: Negotiation Process

Develop a strategy together.
It is our place to find out as much as possible about the seller’s motivation to ensure the most effective offer.
Our depth of experience allows us to “read” the situation and help craft the appropriate responses.

Step 6: Offer Accepted and Contract Signed... Executed Offer

Step 7: Kicks Off – Due Diligence

Inspection by licensed home inspector.
Attorney review and approval of contract.
Review HOA docs and financials (for condos and townhomes).

Step 8: Complete Mortgage Application Process

You will work with lender to promptly provide all documentation in order to complete loan process.
Appraisal is ordered.

Step 9: Balance of Earnest Money is Due

As per terms of the contract, can be up to 5% of the purchase price.

Step 10: Attorneys Coordinate Closing and Title Documents

Step 11: Secure Homeowner’s Insurance and Schedule Activation of Utilities and Change of Address

Step 12: Lender Issues Clear to Close

Step 13: Wire transfer Remaining Funds due to Title Company

Step 14: Final Walk-Through of the Property

Ensure that the property is in the same condition as when the offer was submitted.
Test all appliances to ensure that they are all in working order.
Make sure any repairs that were negotiated during attorney review, were completed.

Step 15: Closing

You go to the title company and sign all lender documents, the signed package is sent to the lender and once approved, closing is complete.
You get the keys to your New Home!

Buyer's Guide

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Our goal is for you to enjoy your new home and the process getting there. Let us be your guides, we’ve been down that road before, we got you covered.