For Buyers
The ultimate guide - I got you
Let’s Connect
Meet with me to discuss your real estate goals and the logistic of your search. Feeling overwhelmed? No worries, I’ll walk you through every step of the process.
But first, the loan
Before beginning your search, your first step is to get pre-approved for a mortgage loan (unless you will be paying in cash). I can connect you to a mortgage broker. Based on your income and credit history, the lender will determine how much a bank will lend you, which will help you determine the price range for your search.
Visit PRoperties
Now is the time to consider your ideal home’s location and amenities. We’ll go on showings and/or you can visit open houses. Additionally, I will activate notifications for exclusive Coming Soon and Off-Market properties as they hit the market.
Package it Up and send it
Once you choose THE home, we will submit an offer to the seller, which is an agreement to pay a certain price for the home. This offer is packaged with a Proof of Funds (POF) and Pre-Approval Letter. Note: Oftentimes, the seller will respond with a counter-offer, which you can accept, reject, or make another counter-offer.
Seller accepts, now what?
Congratulations, we open escrow! The Earnest Money Deposit (EMD) is due and the clock begins on contingencies. We’ll be inspecting the home, get the appraisal, and make sure your loan is approved all at the same time. Life of an escrow is typically 30 days.
Do Your Due Diligence
We’ll schedule inspections to determine the overall condition of the property. We’ll also review the disclosures and reports. You may approve or negotiate credits/repairs. Prior to closing, we’ll do a final walk-thru to verify the home is in the same condition and any negotiated repairs were completed.
Work with your lender
While you obtain the homeowners insurance, your lender will order the appraisal for you. Your mortgage application with all supporting documentation should be submitted to your lender immediately. The bank then issues loan approval. Consequently, you wire the closing funds, and then the loan will be funded with clearance to close.
Welcome home
Pop that bottle of champagne because you did it! Title records and escrow closes. You’re officially a homeowner and you get keys to your home.