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Buying A Home
Learning About The Process
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Breaking Down The Home Buying Process
Selling your home in today’s market requires skill and expertise. Most markets are unique and values change again, and again. You need anExpert Realtor to represent you to navigate today’s real estate opportunities and challenge.
A pre-approved letter from a mortgage company is needed before we make an offer. The pre-approval is not a final loan commitment. However, a pre-approval letter will demonstrate your ability to go through with the purchase. That’s what sellers want to see before they accept an offer. If you don't have a lender head over HERE!
The paperwork process can be daunting. However, your Expert Realtor can help you navigate through it all. With the help of your Expert Realtor, we’ll figure out:
1.The amount you are willing to pay.
2.Your approximate down payment and mortgage amount.
3.Contingency (building inspections, loan commitment) and Closing dates.
Personal property can specifically be included or excluded. So,if you want that refrigerator or pool table, make sure it’s included in the contract.Counteroffersare common. Don’t be surprised if they don’t take your first offer. Remain in close contact with your Expert Realtor during the negotiation process so that proposed changes can be reviewed and responded to quickly. Remember, time is of the essence.
You have an accepted offer; pay attention to timing. It’s everything at this stage and your Expert Realtor will guide you through this process. They will help you though this procedure of down payment requirements, building inspection and contingency timelines.
Closingis a formal process where any and all parties sign all of the necessary closing paperwork needed to complete the transaction. You will close at a title company which is a third party that handles the transactions,so the property is transferred from the seller to you properly.You receive the house keys,and the seller receives the payment! The title representative subtracts the funds to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed, and ultimately filed with the localproperty record office.
Now it's time for you to move in and enjoy your new home. After closing, your Expert Realtor is here to assist you with all the questions you may have after getting settled.
Our experts help you find the home of your dreams
Buying a home is probably the largest investment you’ll ever make. This process can be complicated. However, like anything worth having, it never comeseasyif you do it by yourself. This is complex and time consuming. That’s where our Expert Agents come in to help. Finding a person to help you make a decision like this shouldn’t be left to just anybody.
Financing
Questions About The Transaction
Make sure that you are getting answers on all the aspects of purchasing a home. Your mortgage and the lender you work with is very critical.
A mortgage broker can save buyers time and stress by finding and vetting loans and managing the mortgage process. Brokers deal with paperwork, coordinate with relevant parties and keep underwriting on track, which could help you close your loan faster.
A direct lender can only offer the products available from their company. While a broker can provide access to different lenders, loan types and rates. In fact, a mortgage broker may be able to get special rates that are lower than what you could obtain from a lender on your own.
Your mortgage lender can help in challenging financial situations, such as a buyer with less-than-perfect credit or inconsistent income. Brokers are often familiar with lenders that will work with nontraditional borrowers and can help pinpoint the best available loans and rates.
Your broker can help you manage mortgage fees by getting the lender to reduce or waive them, which can save hundreds or even thousands of dollars. This may not be the case with a direct lender. A mortgage broker can share insights into how much house you can afford and your chances of loan approval. Any lender can save you from mistakes based on their expertise of the mortgage industry, but not all lenders are made equal.
