Start your journey to homeownership with confidence. I’ll walk you through the key stages of acquiring your dream home, ensuring a seamless experience from start to finish.
By providing some basic information, a reputable lender can usually get you pre-approved online or over the phone. The lender will then go over your financing options.
For most buyers, choosing a home is an emotional process. My job is to assist you in this process by offering objective information about each property you look at. Our goal is to help you find exactly what you’re looking for.
Once you’ve found the home of your dreams, I will research recent comparable sales and based on those as well as other factors like inspections and repairs, we will structure an offer and negotiate to get the very best deal possible.
Closing, is usually the easiest part of the process! Your lender will go over the closing disclosure statement to make sure that you know EXACTLY what you will need to close the deal.
While the down payment average is 11%, first time homebuyers usually only put down 3 to 5% on a home. That’s because several first-time home buyer programs don’t require big down payments. A longtime favorite, the FHA loan, requires 3.5% down.
An earnest money deposit is also frequently referred to as a good faith deposit. When a buyer purchases a home, they provide the seller’s real estate company a deposit to hold in their escrow account. The primary purpose of this deposit is to show a seller you are serious about purchasing their home. The amount that is deposited is subtracted from the final figure that a buyer pays at the closing table. In most cases, the larger the deposit, the stronger a purchase offer looks to a seller.
Home inspections don’t obligate the seller to make repairs or modifications as a result of those inspections. Typically, however, inspection reports are used to negotiate repairs of major problems, or environmental or safety hazards that may be noted. The purchase contract should provide guidance for these negotiations.
Sellers can flat-out accept or reject an initial offer. But there a third path that is quite common, sellers can initiate a counteroffer. Remember this: a deal isn’t dead until it’s dead. So, if a counteroffer is proffered by the seller, you’re still in the game. You and your agent just need to review it determine whether the counteroffer is acceptable. If so, then approving it closes the deal immediately. Keep in mind, offers and counteroffers can go back-and-forth many times; this is not unusual and negotiations of the process. Each revision should bring both parties closer together on the terms of the deal.
