Did you know?
Ready to buy? Here are some important things you need to know before taking the leap!
1
Get Pre-qualified or Pre-approved
Getting in touch with a mortgage lender is really your first step in the home buying process. Imagine we start looking for your dream home and we find it! Hooray! Now we need to submit an offer, so you call up a local lender and turns out you are not prequalified for the amount that is needed to buy that dream home. What a bummer! It's very important to know your budget beforehand so you will not get disappointed.
2
Costs to purchase
Lots of work (and some money) goes in to that new dream home we just found you. Here's what costs to expect: closing costs, attorney fees, lender fees, inspection (inspectors and sometimes additional inspections: well, septic, plumping, HVAC, roofing, etc), appraisal, earnest money, and a down payment.
3
Before You Tour
In August 2024, National Association of Realtors issued a new rule that a buyer must sign an agreement with the Realtor before they can open a door for you. There are two types of agreements I like to use. One option is the touring agreement. This is just an agreement for me to show you homes for a short period of time. The second option is an Exclusive agreement. This appoints me as your set agent until we close on your dream home. Both, also, outline Realtor compensation. Whatever your choice, it is important that you understand both agreements. This is all about TRANSPARENCY from the very beginning.
4
Get the Keys!
The words everyone wants to hear: here are your keys! You will need two forms of I.D on your closing day and your check for the amount on the ALTA that you will receive before closing. As long as everything has been worked out on our end regarding moving you should receive the keys to your new home at the closing table! Just get ready to do a lot signing and then comes the heavy lifting. Happy Day!