The Buying Process

Find a Realtor® who you can trust

The First Step… Now that you have chosen a specialized buyer representative who you can trust, you have accomplished the first step in the home-buying process. We will make sure that all of your needs are met and will be representing you through the entire process of buying your new home.

 

Get Pre-Approved

An Important Step… We feel an important aspect when starting the process of buying a home is to meet with a lender and get a pre-approval. Your buyer representative can put you in contact with a lender, if you desire, who can give you information about your approval and also explain some of the financing options available to you.

 

Consultation

Important Information… Your buyer representative will meet you one on one to discuss the features you desire in a home as well as to pin-point the area you wish to live in.

 

The Buying Process

The Search Begins

The Next Step… Once you’ve established the type of home you’re searching for, it’s time to start looking. Your buyer representative is available, by appointment, to help you find your dream home.

 

Your Offer

This Is a Big Step… When you find your dream home, you should present a competitive offer immediately. Your buyer representative has extensive experience in contract negotiations; he or she will ensure that you get the home you want for a fair price—a transaction in your best interest.

 

The Accepted Offer

We’re Starting to Jog Now… When the seller accepts your offer, you will have what we call a pending offer. You want to make sure every detail is handled accurately and immediately. We will ensure that your home closes properly and on time.

 

Inspections

You’re on the “Home” Stretch! Final details are handled and inspections are performed to ensure that the property is “perfect” for you. Contract details are further negotiated and we head to closing!

 

Signing the Loan Documents

Finalizing the Lender’s Commitment… Be prepared to bring your cashier’s check, insurance binder, and driver’s license to the closing. The next steps you take will be into your new home!

 

Now the Home Is YOURS!

You are Finally Home… After the deed is recorded and a possession date is decided upon, pick up the keys and move into your new home!

Click here to download our guide: 10 Steps to Buying a Home.

 

Why should I work with a Real Estate Agent?

Buying a home is often the biggest financial investment one makes in their lifetime. Real estate agents have current knowledge of real estate law that can protect you in a listing or buying transaction. Their expertise can make the difference between a good and bad investment.

Remember, Buyers Agents are paid by the seller of the property - not the Buyer. You should always have representation in a real estate transaction to protect your best interests! Real estate law is complex and comprehensive. Those professionals who have obtained their Brokers license have done so through hundreds of hours of training, exams and continuing education. Not having buyer agent representation is like going into court without a lawyer!

 

6 Reasons to Own Your Home

Often when considering purchasing your own home one weighs all of the pros and cons of owning versus renting. Below we've rounded up six reasons that owning comes out on top.


1. Tax breaks.

The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation.

Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.


3. Equity.

Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.


4. Savings.

Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.


5. Predictability.

Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.


6. Freedom.

The home is yours. You can upgrade, change, and decorate as much as you like.

 

Online resources: To calculate whether buying is the best financial option for you, use the “Buy vs. Rent”
calculator at www.GinnieMae.gov.