1. Ask for a lender referral.
We work with wonderful lenders to whom we can refer you. Also ask friends, family or colleagues for recommendations.
2. Calculate your down payment.
To avoid having to buy private mortgage insurance, you may need to put down as much as 20% of the purchase price before closing costs.
3. Obtain competitive lender quotes to ensure you are getting the best deal available.
4. Get pre-approved. You will need a pre-approval letter to submit with an offer.
5. Get Set up on an MLS Search and Start Looking
1. We will work with you to set up an MLS search tailored to show you all properties on the market fitting your criteria.
2. Begin looking at properties online so you can get acquainted with the market and what is available at your price point.
3. We will work with you to schedule a day of showings of 3-7 properties in which you are interested in seeing. Happy house hunting!
Making an Offer
1. Bid smartly.
We will analyze the target home to determine its market value and work with you to develop an offer strategy designed to obtain the property on budget without overpaying.
2. Make your demands.
Identify extras, such as curtains, light fixtures and TV mounts that you want included with the house.
3. Use the closing date as a negotiating point.
If you can be flexible on when you move into your new home, you can make your offer more attractive by working with seller to determine their desired closing date.
4. Engage an attorney to guide the closing process
We work with wonderful, experience residential real estate attorneys to whom we can refer you. We will work closely with your attorney to guide you through the process leading up to, and including, closing.
The Inspection and Beyond
1. Find a qualified inspector.
We work with many wonderful home inspectors to whom we can refer you. Expect to pay about $300 to $750 for a general inspection.
2. Request a detailed inspection report in advance.
Our inspectors know what type of report we expect for our clients. We will ensure you receive a detailed report, including pictures, summarizing the inspector’s findings and containing recommendations.
3. Consider additional inspections.
Depending on the results of your general inspection, and the age and style of the target property, you may want additional, targeted inspections, such as roof, plumbing, chimney and electrical.
4. Attend the inspection.
This is your opportunity to ask questions about the condition of the house. Be sure to learn about the operation and locations of the gas and water shut-off valves and the breaker box.
5. Obtain written estimates for all required and desired fixes.
We will work with you to determine the appropriate repairs and/or credits to request following inspection(s). We will also strongly negotiate on these items to ensure the best possible result for you. If you are willing to perform the requested repairs yourself, requesting a purchase price credit for these items can allow you to control the quality and schedule of the work performed.
Navigating the Closing Process
1. Lock in your interest rate 30 to 45 days prior to the closing date. Your lender will assist you with this.
2. Communicate regularly with your attorney to stay up-to-date on the closing process. We also stay in tight communication with your attorney and the sellers agent to keep you abreast of any changes or concerns throughout the process.
3. Obtain an itemized list of closing costs from your lender.
In addition to the expense which may be tied to your loan, there may be additional fees, such as title services and transfer taxes. We are here to explain and help you estimate these costs in regards to your particular transaction.
The Final Walk Through
The final walk through is usually done on the day of closing or the day before closing. This is a chance to walk through the property one last time before you close on the purchase to ensure the agreed upon fixes were completed and there was no damage caused during the move out process. We will be there with you throughout this process to ensure a successful closing, including documenting any issues and working with your attorney to find a resolution.
At the closing your attorney and agent are there to help you through the entire process. You should plan on being at the closing for 2-3 hours and be ready to sign a lot of paperwork. Your attorney will explain each document prior to signing.
You have bought a new home!! This is an exciting time for you and your family. Now it is time to move in and get ready for your next adventure in your new home. Even though your transaction with us is finished, we endeavour to build long-lasting relationships with our buyers along the journey of home buying. Keep us updated! We are always here if you need referrals for home improvements or any other matters on which we can assist! We love hearing from past clients!