So you have decided to step into the market! That’s great. Let’s get to work getting you prepared.
The pre-approval letter
Our first step will be getting your financial house in order. I recommend Coldwell Banker Home Loans so you can be pre-approved for a mortgage even before starting the house hunting process. Although the pre-approval is not a final loan commitment, the pre-approval letter will demonstrate your financial strength and ability to go through with the purchase when you are ready to make an offer. Our NeMoves mortgage specialist, Barbara Hallwood is amazing. She works like I do – 100% for you!
Information on properties for sale
The next step is providing you detailed information on almost any property currently listed for sale. This includes Coldwell Banker Residential Brokerage listings as well as all other real estate broker listings on the Multiple Listing Service. In addition, I can also provide information on homes that you see advertised for sale in the newspaper or online. This also includes information on properties that are advertised “For Sale by Owner.” I am the only resource you’ll need. In addition, during this initial phase of your home search, you may wish to begin the process of selecting a local Real Estate attorney to represent you once you have an accepted offer on a home. If needed, I can provide you with a list of local attorneys that specialize in real estate in our area and can provide years of service post purchase.
The next step…you've found a home and you’re ready to make an offer
We will discuss:
The amount you are willing to pay; Mortgage amount; Closing and occupancy dates and all applicable “Contingencies” such as obtaining a mortgage, building inspections, and pest inspections to include where appropriate (but not limited to): termite, pest, radon, water potability, well, lead, septic, oil tank, etc. In addition to any personal property specifically included or excluded. If the offer is not acceptable to the seller, further negotiations may be necessary to reach terms agreeable to both buyer and seller. Because counter-offers are common (any change in the offer can be considered a counter-offer) it is important that you and I remain in close contact during the negotiation process so that proposed changes can be reviewed and responded to quickly.
You have an Acceptable Offer!
Since the Contract writing procedure, down payments required, building inspection contingency dates, etc., will need our close attention. Timing is critical at this stage!
Between Contract and Closing
Coldwell Banker Residential Brokerage’s exclusive Concierge program was developed to assist you with the services you need before, during, and after your move. From moving companies and new community information, to home improvement services we’re here to help you every step of the way. Please see the Concierge section of our www.cbmoves.com Web site for further details.
What to expect at the closing
The closing is a formal process where all parties sign all of the necessary paperwork needed to complete the transaction Title so the property is transferred from the seller to you. The seller receives payment for the home, and you receive the house keys! From the amount credited to the seller, the title representative subtracts the funds to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed, and ultimately filed with local property record office.
After the closing
At closing and beyond, I along with our Concierge service is here to assist you with all the details as you move into your new home!
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