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Home Buying Process

Here are the steps

The Home Buying Process

STEP 1: WHAT IS THE JOB OF A BUYERS’ AGENT/HOW ARE THEY PAID?

  • A buyers’ agent represents the purchaser directly and not the seller.
  • Schedules to view homes the client is interested in, which is much more efficient
  • Offers advice in regards to value and condition of homes
  • Completes market analysis for subject home prior to submitting offer
  • Helps arrange financing, inspections, insurance, repair estimates, etc.
  • A buyers’ agent is paid out of the percentage of the sale price from seller proceeds.
  • A $295 Administration Fee for office processing is the only direct cost to buyer.

STEP 2: IS NOW THE RIGHT TIME?

  • How long are you planning on living in your next home?
  • A buyers’ agent represents the purchaser directly and not the seller.

STEP 3: GET PREAPPROVED FOR A MORTGAGE

  • How much can you afford?
  • What are the different loan programs available? (FHA, FHA 203K, RD, VA, CONVENTIONAL)
  • Make sure your credit is adequate.

STEP 4: FIND YOUR DREAM HOME

  • What kind of home do you want?
  • How many bedrooms/bathrooms?
  • Are school districts important?

STEP 5: THE ESCROW PROCESS

  • The home inspection
  • Reviewing disclosures
  • Ordering the appraisal
  • Securing financing

STEP 6: CLOSING

  • The final walk-through
  • Schedule to move
  • Changing over utilities
Buyers Pack & Checklist