THE STAGES OF PURCHASING
Find Your Perfect Home
No matter where your budget stands, I’ll find you the right home. As a certified Real Estate Agent, I’ll be with you every step of the way; from helping you narrow your search to guiding you through the negotiation process.
If you are interested in narrowing your search now, you can look at the available properties.
Below is an outline to a standard real estate purchase:
Determine your budget and financing
Assess your financial situation and establish a budget for buying real estate. Consider your down payment, mortgage options, and closing costs. Be sure to get pre-approved for a mortgage if you plan to finance the purchase. If you need help getting pre-approved, reach out to me here.
Determine your property requirements
Determine your needs and preferences for the type of property you want to buy. Consider factors such as location, size, amenities, and any specific features you desire. I can help narrow your search down once you know what your must-haves are.
Find a real estate agent
You've already completed this step! I'm here to help you find suitable properties, guide you through the process, negotiate on your behalf, and provide valuable advice.
Search for properties
Working together, we will search for properties that meet your criteria. I can provide you listings, schedule property viewings, and help you assess each property's suitability.
Conduct due diligence
Once you find a property you are interested in, we will conduct thorough due diligence. This includes reviewing property disclosures, obtaining a home inspection, evaluating the neighborhood, and researching any legal or zoning issues.
Make an offer and negotiate
If you're satisfied with the property, we will be able to submit a written offer to the seller. The offer will include details such as the purchase price, contingencies, and proposed timelines. We will be able to negotiate with the seller until both parties reach an agreement.
Secure financing
If you require a mortgage, finalize your loan application with a lender. Provide the necessary documentation and complete all the required paperwork to secure your financing.
Complete the purchase agreement
Once the offer is accepted, you and the seller will sign a purchase agreement. This legally binding contract outlines the terms and conditions of the sale.
Conduct additional inspections and appraisal
We will be able to arrange for any additional inspections or appraisals required by your lender or desired by you. This may include a termite inspection, structural inspection, or property appraisal.
Review and clear contingencies
We will review and clear contingencies, if any, specified in the purchase agreement. This may include resolving issues found during inspections, obtaining necessary documents, or securing homeowner's insurance.
Closing preparations
We will coordinate with your lender and title company to ensure all necessary documents and funds are prepared for the closing. We will review all closing documents, including the settlement statement, to ensure accuracy.
Closing
We will then attend the closing meeting held at the title company. You'll review and sign all the required documents, including the mortgage, deed, and other legal paperwork and then pay the closing costs and the down payment.
Recording and possession
After the closing, the deed and mortgage documents will be recorded with the county. Once recorded, you become the official owner of the property. We'll then arrange for the transfer of keys and then you'll take possession of the property.
It's worth noting that real estate transactions can vary depending on individual circumstances, the specific property, and the parties involved.
Want to know more? Contact me here!