THE HOME BUYING PROCESS
One of the best parts of buying a home when working with a Realtor is it's absolutely free! In a real estate transaction, the seller is responsible for paying commissions to both the listing agent and the buyer's agent.
The first step when buying a home is to get a mortgage pre-approval. This will ensure that you know exactly what costs you will be looking at every month to own a home and budget accordingly. Sometimes mortgage pre-approval amounts are more than you would like to spend monthly and after reviewing you can advise your mortgage broker or financial institution you would only like to take on a certain amount of mortgage debt. By going over the numbers you can then focus your attention on the homes that suit your budget. The other benefit is when the offer is finally made you will be taken more seriously when your real estate agent can confidently explain to the seller's real estate agent that you are pre-approved and the risk for the seller accepting the offer can be reduced.
The next step is to make a home search wish list and get an automatic email search started. When your real estate agent sets up an automatic email search you will receive new listings as soon as they come on to the MLS. Many people are unaware that the public home search websites have outdated homes listed on them and a lot of times the homes have already sold before you could see them. This automatic email search will ensure you have the best opportunity to find the perfect home!
After finding the perfect home you can then make your offer to purchase. This agreement will allow you to have conditions if you would like such as getting a firm approval from the financial lender or making a home inspection. There are many other conditions that can be included but these are the most common. If all conditions are satisfied you can then proceed to firming up on your purchase and sending the documents to a lawyer to facilitate the closing of the transaction.
The benefit of working with me is I have developed many great relationships with mortgage brokers, moving companies, lawyers, home inspectors, and contractors that will all be available to you. My goal is to be the one stop shop for buyers and make the process as smooth and stress-free as possible!
I look forward to working with you!