STEPS TO BUYING A HOME
01 MEET AND STRATEGIZE At the frst meeting, we will discuss what you’re looking for in your next home, including neighborhoods, pricing, and timeline, to guide your search. 02 GET PRE-QUALIFIED Before beginning your search, your frst step is to get pre-approved for a mortgage loan Unless you will be paying in cash for the full price of your home). Our team can connect you to a mortgage broker. Based on your income and credit history, the mortgage broker will determine how much the bank will lend you, which will help you determine the price range for your home search. 03 VISIT PROPERTIES Our team will build you a tour sheet for you. We will attend viewings and open houses, spanning a range of areas and property types. 04 PACKAGE AND SUBMIT AN OFFER Once you have seen a home you like, our team will help you put in an offer, which is an agreement to pay a certain price for the home. If your offer is lower than the list price, the seller will likely return with a counter-offer price, which you can choose to accept, reject, or make another offer. We will provide advice and expertise throughout to ultimately reach an agreement with the seller on price and terms.
05 CONDUCT HOME INSPECTIONS You are given a limited time period during which to conduct all inspections.
06 SIGN CONTRACT & PUT DOWN DEPOSITS The seller’s attorney will draft a purchase and sale contract and deliver it to your attorney. If any changes are requested, the seller must agree to these changes. Signed contracts are then returned to the seller’s attorney with a contract deposit. This deposit will be a portion of your down payment. 07 FINAL LOAN COMMITMENT Work with your lender to make sure they have all the required documentation in order to provide fnal loan commitment. The bank then issues clearance to close.
08 CLOSING SCHEDULED BY ATTORNEYS
09 FINAL WALK-THROUGH A fnal walk-through of the property is performed just prior to closing. The walk-through confrms that no damage has been down to the home since the time of the inspection, that the major systems and appliances are in working order, and any inspection items have been addressed. 10 CONGRATULATIONS! Once all the conditions of the contract have been satisfed, the closing is held. The closing documents are signed, payment is exchanged, and you will receive the keys to your new home!
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