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Buyers Guide

Most buyers who begin the process of looking for a home begin the journey filled with excitement and a bit of trepidation. This is understandable when you consider that purchasing a home is one of the biggest financial decisions you will make during your lifetime. Not only do we understand this, we believe that home ownership is something you can be proud of. We believe, it’s an honor and privilege to ensure that the home buying process is the most pleasurable experience possible.

Let’s get started on the journey of getting you the home you want!

STEP
1
MORTGAGE
PRE-APPROVAL
STEP
2
REFINE
SEARCH CRITERIA
STEP
3
MAKING AN
OFFER
STEP
4
UNDERSTANDING
THE TIMELINE

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STEP 1

PRE-APPROVAL FOR THE HOME MORTGAGE

Now that you know you want to buy a house, how do you know how much you can afford and if you can qualify for a loan? The way to get started is to go through the pre-approval process with a lending specialist.

What Factors Affect What I Can Afford?

There are three factors that affect how much you can afford when you decide you would like to buy a home.

  1. The down payment – do you have enough liquid cash to make a down payment?
  2. Your ability to qualify for a loan – as mentioned earlier this is determined during the Pre- Qualification & Pre-Approval Process
  3. The associated closing costs on your home.

A loan pre-approval process can take as little at 30 minutes. Ask us about our list of preferred lenders to help you get pre-approved for your new home!

STEP 2

REFINING SEARCH CRITERIA

After searching for a few homes, you will be able to get a good idea of what you are looking for in your new home. It’s important to take note of things that are most important to you and prioritize those items on your list. Most homes will not meet every item on your wish-list but there are things that can be easily changed.

Aesthetics Can Be Changed – flooring, light fixtures, plumbing, paint colors and wallpaper can all be changed. Don’t let the lime green wallpaper turn you off of your potential dream home. Think of how much fun it will be to make a home yours!

Sometimes, narrowing down the search can be difficult, but it is important to focus on what matters most to you. This will help you to find that one home that stands out over all the rest!

See what we can do to help you find the home of your dreams!

STEP 3

MAKING AN OFFER

Once you’ve narrowed in on a single home, you are ready to make an offer! Your agent will assist you with choosing the right price to go in at by preparing a CMA (Certified Market Analysis). The CMA will show you all the comparable homes that have sold recently to help you make an informed decision.

Don’t Wait! Too often, we have seen home buyers fall in love with a property, wait a few days to make a decision because they are nervous, and the home that they fell in love with SOLD! If you love the home, don’t wait for someone else to live in YOUR home – be prepared to write an offer!

Making an offer is just the first step on the road to purchasing your home. Once a price is agreed upon, it will be up to the attorneys on both sides to draft up a final version of the legally binding contract.

STEP 4

UNDERSTANDING THE TIMELINE

In the contract, there are a list of deadlines that will need to be met in a timely matter. It will be important to keep to those deadlines so the deal does not fall through!

Some key deadlines in the transaction are:

  1. The Deposit
  2. The Inspection Contingency
  3. Mortgage Contingency (Includes an application, appraisal, etc.)

Once all of the contingencies to the contract have been met and title clears, the house is yours! Congratulations on your new home.

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