BUYING PROCESS

 PRE-APPROVAL

Meet with mortgage representative to become pre-approved. This process will not only pinpoint the price range for your search, but give you a negotiating position for when you put an offer on the house.


HOME SEARCH
Your agent can provide you with homes that match your criteria, but you also have full access to the MLS System through this site. Once your agent sets up your search start saving your favorite homes, store notes and receive automatic emails of new homes that match your search. Your agent can set up a tour through any home in the area.  Your agent can supply information on real estate values, taxes, utility costs, municipal services, neighborhood demographics, school data, and even alert you to proposed zoning changes that could affect your decision to buy.


PURCHASE AND SALE AGREEMENT

Once an offer on a property has been made by a buyer and accepted by the seller, they enter into a legal contract known as a Purchase and Sale Agreement. This document outlines the specific terms and conditions of the transaction and is acknowledged by both parties.


INSPECTIONS

Once a buyer and seller reach a mutual agreement on a property, a home inspector is brought in to determine if the home needs any repairs. An inspector will check items, such as the roof, basement, heating system, water heater, air-conditioning system, structure, plumbing, and electrical. Afterwards, buyers will have a chance to negotiate with the sellers to cover the costs of certain repairs or to ask for concessions.


NEGOTIATIONS

Negotiations can involve everything from settling on a sales price to concessions and financing. Agents are great negotiators whose job it is to represent your interests during the entire real estate transaction.


Loan Commitment

You should already be pre-approved, but now that you're closer to the actual purchase price, you will be working more in-depth with your lender on your final loan approval.


TITLE WORK

You will receive a full report detailing the property history for you and your lender to ensure there are no legal problems between a new owner and the property being purchased.


CLOSING

At closing, all of the paperwork is signed by the buyer and seller- both parties pay any settlement fees and the documents are officially recorded. Prior to closing, you'll receive a settlement statement outlining any fees which may apply to you. After closing is finalized and recorded, the home is yours! Enjoy!

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