1. Initial CONSULTATION
Our first step to buying a home is to first ask yourself why do you want to buy a home to stop paying rent, to start building equity, to have a place of your own, to raise a family, to move up to a bigger house. Next, we will list what kind of home you'd like and where you would like to be. Be specific. Separate the "must haves" from the "want to haves."
Think of yourself as zeroing in on a target, going from the general to the specific. Consider area city, suburban neighborhood, country. Community: North, South, East, or West Side. Neighborhood: older and settled or brand new, a particular school zone, recreational facilities, and other community services such as transportation, day care, library, stores, entertainment. Ask yourself how many minutes you are willing to commute to work.
Think about home styles. How much space do you need. Does your situation require a one-level home, or are stairs acceptable. Consider size and kind of property. Do you want a newer home, or maybe an older one to fix up. Consider how long you expect to live in this particular home.
2. GETTING APPROVED
A pre-approval can be obtained through a financial institution
or a mortgage broker. Based on your credit rating, income, down payment, and the amount of debt your carrying will determine how much money the banks will lend you.
They will require you to fill out a mortgage application allowing them to pull your credit and will also ask for documentation verifying your income and down payment.
Sometimes you will be pre-approved for more than what your budget allows, therefore, we determine with you the price range we need to be in for your payments to comfortably fit your budget.
Having a pre-approval in place will give you an advantage in the market place when you are ready to write an offer.
3. HOUSE HUNTING
Once you've been pre-qualified and know what price range you want to stay in, we will then meet and determine what you are looking for, we narrow it down by; the type of property, location, size, number of bedrooms, number of bathrooms, and everything else that is important to you.
We will review current listings that match your criteria as well as investigate all new listings. We’ll search for homes that may be contemplating a price reduction that will cause a home to fall into your price range.
When you’re ready to start visiting homes for sale, it pays to be primed with some good advice and the help of a good real estate agent.
I will help you find the best homes for sale and show you listings in your area of choice. We will arrange a convenient time to go and look at properties that are of interest to you.
At this point we will keep on top of the market to ensure that we notify you when new homes that meet your needs become available.
4. PLACING AN OFFER / NEGOTIATING
Once we find a home that matches your criteria and you decide it’s the home for you, we need to write the offer as soon as possible.
Having all your ducks in a row, e.g. Deposit, pre-approval, a home inspector selected, legal and moving costs calculated, will put you in position to structure a desirable offer and in turn achieve better value.
I will evaluate the home you are interested in purchasing and place an offer based on what we believe the home is worth. From there I will present the offer to the listing realtor and negotiate on your behalf to get you the best deal we can.
5. OFFER CONDITIONS / POSSESSION DATE
When writing the offer I set conditions on all or a few of these; Inspection, Financing, Deposits, Possession Date, and Review of Condo Docs.
Once inspection on the property passes, finances are clear from the lender, and no sign of issues on condo docs (if purchasing a condo). The conditions are waived and the property is yours in a matter of time.
All the documents will be sent to your lawyers office a week or two prior to possession day. Your lawyer will then contact you to visit him/her to review and sign documents. I recommend using an experienced Real Estate Lawyer for the transaction.
7. KEY RELEASE
On possession day I will make arrangements to meet, do a walk through of your home, and give you copies of the keys, garage openers and anything you may need to get situated in your new home.
“I look forward to working together with you in finding your dream home.”
RE/MAX Real Estate
As your personal Agent, I can provide you with...
I can provide you with FULL ACCESS to this site which will be a big benefit to both of us as it allows me to share all the tools of my business.
It will be my responsibility to represent the sole interests of you, the buyer. This includes searching for a home, negotiating the best price, and handling all the details of the purchased property. As your Agent, I will provide you with personal access to access to more available property information via this website.
1. Provide you with information regarding all properties:
2. Assist you, upon request, in obtaining the best available services, including but not limited to:
3. Advise prospective sellers or their brokerages that I'm representing and negotiating on behalf of you the buyer.
4. At all times, demonstrate accomplished, professional conduct for the most pleasant real estate experience.
5. Unless limited by the acknowledgement of 'Dual Agency', exercise fiduciary duties in favor of the buyers, including loyalty, obedience, competence, confidentiality, accountability and disclosure.
6. I will not disclose your identity to perspective sellers if instructed to do so.
7. Disclose the total amount of my fees.
Here's the good news. The services of a buyer's Real Estate Professional are usually free to the buyer, as the buyer's Real Estate Professional is normally paid by the seller's Real Estate Professional (i.e. the company with the listing of the home being sold). In this typical real estate transaction there is no cost to the buyer for Real Estate Professional services. Your representation is secured, with no additional costs.
Should the commission not be paid by the listing agreement, it will be my duty to notify you well in advance of getting involved in any transaction.