The Home Buying Process
The Home Buying Process
Meet with a Real Estate Professional – Discuss the type of home you are looking for, including style, price and location. (The Buyer’s Advantage – As the homebuyer your agent’s commission is paid by the seller of the home in almost all circumstances. This means your representation costs you nothing!)
Get Pre-Approved – You will need pay stubs, W2s, and bank statements. Knowing what you can afford is critical to a successful home shopping experience.
Search for Homes – The fun part! I will schedule showings and help you find the perfect home.
Advanced Search – Not all real estate websites are the same. My RE/MAX site has the tools and systems to ensure you see every available home that meets your criteria.
Make an Offer – I will prepare the offer based on the price and terms you choose.
Negotiation and Contract – It may take a few tries to get it just right, but hang in there. You’re on your way!
The Contract – in most cases the contract provides you with a timeline to obtain financing, as well as time to inspect the physical condition of the home. I will inform you of all your rights and responsibilities related to the contract.
In Escrow – You and the Seller have agreed to the price and term. The home is effectively held for you until closing.
Final Details – Perform due diligence, order the appraisal, conduct an inspection, and review terms with the lender.
Preparing for Closing – You will be finalizing your loan, reviewing documents, and discussing the findings from the inspection. As your agent, I will be managing this entire process for you.
Closing – This is the transfer of funds and ownership. A title company or an attorney typically acts as an independent third party to facilitate the closing.
CONGRATULATIONS!
You are a New Home Owner!
Source: Breakthrough Broker
Have a Great Day!
Larry and Ann
As always, for all your Real Estate needs, call or text Larry @ 941-993-3125
or
Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
