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The typical real estate transaction involves at least two dozen separate individuals – insurance assessors, mortgage brokers and underwriters, inspectors, appraisers, escrow officers, buyer’s agents, seller’s agents, bankers, title researchers, and a number of other individuals whose actions and decisions have to be orchestrated in order to perform in harmony and get a home sale closed. It is my responsibility, as your Realtor, to expertly coordinate all the professionals involved in your home purchase and to act as the advocate for you and your interests throughout.
While you may find the thought of home ownership thrilling, the thought of taking on a mortgage may be downright chilling. Many first-time buyers start out confused about the process or nervous about making such a large financial commitment.
You may think that shopping for homes starts with jumping in the car and driving all over town. And it’s true that hopping in the car to go look is probably the most exciting part of the home-buying process. However, driving around is fun for only so long – if weeks go by without finding what you’re looking for, the fun can fade pretty fast. That’s why I say that looking for your home begins with carefully assessing your values, wants, and needs, both for the short and long terms.
Now that we are writing an offer, you need to be a businessperson. You need to approach this process with a cool head and a realistic perspective of the market. The three basic components of an offer are price, terms, and contingencies.
The right price to offer must fairly reflect the true market value of the home you want to buy. My market research will help guide you through this decision.
Unlike most major purchases, once you buy a home, you can’t return it if something breaks or doesn’t quite work like it’s supposed to. That’s why home owner’s insurance and property inspections are so important.
A home owner’s insurance policy protects you in two ways.
The property inspection exposes the secret issues a home might hide so you know exactly what you’re getting into before you sign your closing papers.
The final stage of the home buying process is the lender’s confirmation of the home’s value and legal statue, and your continued credit-worthiness. This entails a survey, appraisal, title search, and a final check of your credit and finance. My team will keep you posted on how each is progressing, but your work is pretty much done.
As long as you have clear expectations and follow directions, closing should be a momentous conclusion to your home-searching process and commencement of your home-owning experience.