FIRST TIME HOME BUYERS
Did you know that many loan programs consider a person who does not currently own a home as a 'first time buyer'?
Your decision to buy a home is a desire most of us have. I commend you on your decision. I understand you may need some guidance and knowledge of the process.
Below you will see the general process in buying a home. From looking for a home to writing an offer to closing escrow and receiving the keys.
After we discuss your needs and goals in buying a home:
You have a pre approval from your lender and you have a payment and price range in mind.
· I search the MLS and locate properties that fit your needs.
· I make an appointment with you whether it is day or evening, or week end; I work at meeting your schedule.
· I show you homes and give you the time you need to look inside and out.
· Once you decide you have found home of your choice—I will:
· Run comparable sales in the area so you can make an informed decision on the dollar amount to offer.
· I will speak with your lender and confirm the time needed to close.
· An escrow is usually 30 to 45 days until close. At close you normally get the keys and move in.
· Often buyer’s ask the seller to provide a home warranty. A home warranty can cover many items like a dishwasher, central heat and air, swimming pool, etc.
· Often there is an inspection period. Together we decide the time you will need to do all inspections you deem necessary. That may be a home inspection, inspection or the roof or just talk to the neighbors to determine if this home is right for you.
· When buying foreclosed homes they are often 'sold as is’.
However you still have contingency period to do all inspections you deem necessary. After reviewing the inspection reports you will decide to continue with the purchase of the home or cancel the escrow. Your good faith deposit may be a risk. Use a Realtor®.
· After your offer is submitted the seller will often either accept your offer or accept parts and counter other parts.
· You will either accept the sellers counter offer or there will be a counter to the counter offer written as to what you will do.
· Once there is an agreement you are then ‘in contract’ and in escrow. The time frames begin for various contractual issues including inspections, loan approvals, and funding of the loan.
· The tile company will set an appointment for you to sign your documents toward the end of the escrow.
· After the loan funds and escrow closes property is yours!
I enjoy keeping in touch with buyers long after escrow closes. I welcome your referring your friends and family so they can also enjoy my personalized Real Estate service.
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