Buying

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The purchase of a home is the largest and most important investment that an average person makes in a lifetime. Choosing a Realtor that knows the market and one who can guide you through the sale process is a very important step. An experienced Agent can save the homebuyer thousands of dollars by negotiating a better price, closing costs, loan points, and interest rates.

  • Meet the Realtor This is a personal interview to determine the Buyer’s true needs, areas and terms that will result in the Buyer’s greatest satisfaction.
  • Meet with the Lender This is a personal interview with the lender who has been chosen for competitive rates, terms, condition, and committed closing dates.
  • Select Homes A list of available properties can be provided by the Realtor either by fax, mail, or personal delivery for the Buyer’s “drive-by” approval.
  • View the Homes The Buyer is taken on exclusive tour of the property by the Realtor. On these tours, the Buyers are shown the negatives and positives of each property and helped to make a decision as to which property will fit the Buyer’s needs best. Price and terms, location, resale value, buyer’s lifestyle, quality of construction, amount of economic/functional obsolescence and the value as compared to competing properties may be taken into consideration.
  • The Contract The Realtor personally presents all offers to the Sellers and obtains feedback first hand. There are three outcomes to any offer. These outcomes could be an acceptance, a rejection, or a counter offer. The Realtor should be able to determine the best game plan to achieve the Buyer’s goal. Very often, offers are presented among other competition, meaning other Buyers wanting the same property. On all offers that are accepted, a complete inspection by a professional home inspector must be done in order to properly determine the quality of the property. There are many areas of a home that are hidden from view.
  • Earnest Money Deposit At the time a written offer on a property is initiated, the Buyer is generally required by the Seller to include a personal check, cashier’s check, or cash. The amount deposited is generally kept in a trust fund account of the title company, escrow company, or closing attorney. This money represents Buyer’s sincerity in the attempt to purchase and is totally refundable if the offer is not accepted.
  • Escrow Settlement/Closing When the property has been sold, the lender and/or Buyer needs a preliminary title report to see exactly what is against the subject property. When the sale of the property is final and the title company has recorded the necessary documents in order to close escrow, a policy of title insurance is issued to the new lender, and/or buyer showing clear title to subject property. When all necessary papers have been signed and all monies received, the documents needed are recorded. The escrow officer makes the necessary disbursements and does all closing papers, due to the fact that once the documents have been recorded, escrow has closed.
  • Possession When the deed has been signed, sealed and delivered, the transfer of title is complete. Ownership or possession is established.