BUYERS GUIDE

You already have in mind that you want to buy a house, If its either your first home, an investment property, a summer house, whatever you want. Here is when you get essential information about the process and where a Real Estate Professional can guide you with the expertise you need for a better peace of mind.

It’s important to know how much home you can afford, what type of down payment to budget for, monthly mortgage payment as well as what type of loan program you’ll use to finance YOUR new property. What we normally do is recommend you a lender who can give you those details based on your financial circumstances. This is important because Sellers will most likely take an offer from a buyer who is pre-qualified by a Reputable Lending Institution.

The Best Part! Here you get to start looking for a home that matches your wants and needs, whether it be how many bedrooms and bathrooms you would like, the certain school zones, and other features you’ve always wanted. In this step you get to view different houses and make a list of pros and cons on each to determine which you want to move forward with.

When you have found the right home, your Real Estate Agent will evaluate the local market conditions and will come to a decision, alongside you, to put up an offer together with the listing agent to present to the Seller. Once all parties are in agreement with all conditions of the contract, you are considered ratified. Which means your offer has been accepted and now you have a contract on the house.

You should speak to your real estate agent about whether it makes sense to include any contingencies in your offer. A contingency is a stipulation included in an offer which states that if a particular condition is not met, the buyer is free to break the contract without any repercussions. It’s encouraged to make sure you have a full understanding of the home’s condition. It’s in your best interest to ensure that the seller is willing to do any work necessary before closing or take the respective cost out of the purchasing price from the inspection.elementu.

After the Contingency period, and all the Inspections and Appraisal, Your Real Estate Agent will conduct a Walk through to make sure everything is in order. Here you ensure any repairs requested have been completed. This is also the step in which you will be making sure your home owners insurance policy is finalized and the lender comes back with a Clear to Close, matching all numbers and figures. Once received, your real estate agent and you will do that happy dance and You can say SOLD, to your new Home. Congrats!