The home buying process is complex and can be stressful for some. There are so many moving parts from start to finish. That’s why you need a team with over 100 years of experience in the real estate field on your side. We will guide you through the process every step of the way.
- Initial consultation
- Find the right home for you
- Determining the seller’s motivation
- Writing a purchase and sale contract
- Present the offer
- Seller responds
- Open escrow
- The contingency period
- Obtain homeowner’s insurance
- Make down payment
- Close escrow!
We will meet to discuss your real estate needs and analyze your current resources. Once we establish your needs, I can provide guidance to lenders where you can obtain information in order to get the best financing available.
I will show you homes based upon the criteria that we have established together. The more precise and direct you are with me, the more successful our search will be. I will then make arrangements with the listing agent and the sellers to tour the homes with you based upon your schedule.
Once we have found the home that you wish to purchase, I will do research to help structure a successful offer. The offer will take into consideration based upon many factors including but not limited to comparable sales in the area, time on the market, condition of the property, and the seller’s motivation.
I will write the purchase and sale contract, forms, and disclosures for you. Also, I will be advising you on protective contingencies, customary practices, and local regulations. Once the offer is accepted, you will need to provide an earnest money deposit check, usually 1% of the purchase price. The deposit check is not cashed until your offer has been accepted by the seller.
I will present your offer to the seller and the seller’s agent. The sellers have three options; they can accept your offer, counter your offer, or reject your offer. My knowledge of your needs and qualifications will enable me to represent you in the best way possible to the sellers.
I will review the seller’s response with you. My negotiating skills and knowledge will benefit you in reaching a final agreement.
When the purchase and sale agreement is accepted by all parties, I will open escrow for you. At this time you will you will need to provide an earnest money deposit check. The escrow company will receive, hold and disburse all funds associated with your transaction.
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 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.
I will work with your insurance agent and escrow office to make sure your policy is in effect at the close of escrow.
You will need a cashier’s check or money transfer for the down payment several days prior to the closing date of 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 into 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 new home!