Home Buying Process

1. Select an agent and establish a relationship

I am a full time, professional agent with extensive market knowledge. We will work closely together to find the right home for you.

 

2. Initial consultation with your agent to evaluate your needs and resources

Once I establish your needs, I will provide guidance to financial institutions where you can obtain information in order to get the best financing available. We will meet to discuss your needs and analyze your resources.

 

3. Identify property to buy

I will show you homes based upon the criteria that we establish. The more precise and direct you are with me, the more successful your search will be.

 

4. Determine Seller’s motivation

Once you have found the home that you wish to purchase, I will do the necessary research to help you structure an effective offer.

 

5. Write offer to purchase

I will draft the Purchase Agreement for you, advising you on protective contingencies, customary practices, and local regulations. At this time, you will need to provide an “earnest money” deposit, usually from 1 to 3% of the purchase price (the deposit is not cashed until your offer has been accepted by the Seller).

 

6. Presentation of offer

I will present your offer to the Seller and the Seller’s agent. The Seller has three options: they can accept your offer, counter your offer, or reject your offer. My personal knowledge of your needs and qualifications will enable me to represent you in the best way possible.

 

7. Seller’s response

I will review the Seller’s response with you. My negotiating skills and knowledge will benefit you in reaching a final agreement.

 

8. Open escrow

When the Purchase Agreement is accepted and signed by all parties, I will open escrow for you. At this time, your earnest money will be deposited. The escrow will receive, hold and disburse all funds associated with your transaction.

 

9. Contingency period

This is the time allowed per your Purchase Agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject. Typical contingencies include:  Approval of the Seller’s Transfer Disclosure Statement  Approval of the Preliminary Report from the Title Company  Loan approval, including an appraisal of the property  Physical inspections of the property  Pest inspection and certification

 

10. Homeowner’s Insurance

I will coordinate between your Insurance Agent and the Escrow Officer to make sure your policy is in effect the close of escrow.

 

11. Down payment funds

You will need a Cashier’s Check or money transfer several days prior to the closing date of escrow.

 

12. Close escrow

When all of the conditions of the Purchase Agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow and your lender will deposit the balance of the purchase price. The Deed will then be recorded at the County Recorder’s office and you will take ownership of your home.

 

  •  

Whether you are looking to sell, buy or rent call us let us know how we can help. We want to be your Realtor for Life.

.