Buyer Timeline
06 Attorney Review You will have an attorney review contingency typically 5 or 7 business days to have an attorney review the contract after it is signed. We can provide referrals for local real estate attorneys if needed. If there is a condo association, this will be your opportunity to review all of the condo association documents, budget, and meeting minutes. Your attorney will negotiate amendments to the contract as well as formalize any inspection repairs/credits that the seller agreed to. You will pay for the attorney’s fee (typically $500-$850 or more for new construction deals) upon closing. 07 Loan Application & Appraisal If you are obtaining financing, you will need to make a loan application upon receiving the contract. Your lender will let you know the list of financial documents necessary to provide to the lender including a couple months of bank statements, tax records, pay stubs etc. Once you feel confident your home purchase is moving forward after attorney review/inspection period, your lender will have an appraisal done on the property.
01 Mortgage Pre-Approval
Unless you’re paying cash for your home, you’ll need to talk to a good local lender about obtaining a pre- approval letter for financing. The lender can provide answers to questions about interest rates, closing costs, loan products, down payment requirements, & monthly payment expectations. We can provide referrals for mortgage lenders if needed.
04 Make An O er Once you have found The One, we will review the comparable sales data to analyze the list price and come up with an offer strategy. We will review the sales contract and offer terms and present the offer in writing to the listing agent. You will be guided through the negotiation process and once terms are mutually agreed by buyer and seller, the offer will be revised for the seller to sign. Once the contract is signed by both parties, you will be officially under contract and initial
02 Buyer Consultation
We’ll sit down with you to discuss your search criteria in detail, review available inventory, and answer any questions about the home buying process. This will maximize efficiency of your time looking at properties that meet your criteria and we can all be on the same page with your timeframe and home ownership goals.
earnest money of typically $1000-$2500 will be due.
05 Inspection
03 Home Search
You will have an inspection contingency typically, 5 or 7 business days to conduct an inspection after the offer is signed. We can provide referrals for professional home inspectors if needed. If any serious issues are uncovered, you can negotiate seller repairs or credits at closing to have the repairs done yourself. You will pay the inspector upon having the inspection.
After the available properties are narrowed down to your list of favorites, we will schedule buyer tours to see homes that not only fit your criteria but also have great resale potential. Navigating the search process to help you make a smart investment is our priority.
Made with FlippingBook Online newsletter maker