HOW IT WORKS (The home
buying process)
Is this your first home? How exciting! We’ll assist
you in making sure everything goes smoothly, from
the start to moving-in. Here’s a step-by-step explanation
of how the process works.
1.Price. We’ll talk to you about price, to understand
how much you are qualified for, what you want to
pay for a monthly payment and help you with the
pre-approval process.
2.Next
we’ll talk about house size and location. We’ll ask a lot of questions to help pinpoint the
ideal house and location to fit your needs and
lifestyle. For instance, do you have school-age
children? Animals? If so, how many? This can be
a determining factor. Where do you work? Are you
retired? After we’ve determined all of these factors,
we’ll filter them for areas and properties that
fit your family needs and wants.
3.Showings. Once we’ve spent time with you to
clearly identify your house needs and location,
we’re ready to hit the roads with you, usually
showing 2 to 10 homes initially until we find the
right fit.
4.Offer. After you’ve picked the house you want,
we’ll help you do the necessary paperwork and deliver
your offer to the seller’s agent. Please note.
You’ll usually be asked to write a check for a
minimum of $500 or up to 3% of the house price.
The check is to show you are a serious buyer and
will be held as an earnest money deposit.
5.Escrow. When the seller accepts your offer,
escrow will be established, serving as a neutral
third party for all of the documents. The papers
for the lender must be given to your lender as
soon as possible and be thorough and accurate to
keep from delaying the escrow. We’ll make sure
every “t” is crossed, every “i” is dotted and all
necessary papers are signed properly.
6.
Loan
documents. Your lender will prepare the
loan documents. Your lender will check closely
to make sure they reflect your agreed-upon terms
before you sign them and a notary will be available
to notarize your deed of trust. At this point you
will provide the down payment, reflecting the difference
from the deposit check, in the form of a cashier’s
check or wire transfer. You’re almost there!
7.Recording
deed. Once your deed has been recorded
with the county recorder’s office, the keys are
yours. Welcome home!
