Buying Your Home
We understand that the stakes are high. You're buying a new home. This is a major decision. Beyond the emotional aspect of it and making sure it fits your needs, you need to make sure that you don't pay too much, that you don't miss out on anything, and that nothing is majorly wrong with the home.
Let us guide you through the process so that we can make sure that nothing slips through the cracks.
Buying Your Home | The Process
The first step is the consultation. We're just making sure we're on the same page, and that we understand your wants and needs. From this point, the following will happen:
- We will formalize our client-agent relationship with an Exclusive Buyer Agency Agreement. This creates a fiduciary relationship between us, and allows me to begin working in my full capacity as your agent. If this document is not signed, we are not able to represent you in the purchase of your home.
- We will search for the right house, and will make sure that you're able to get into each home that you may be interested in. I will keep an eye out for homes that might work for you, and I will make sure that you are able to get into any homes that you find interesting as well. This includes foreclosures, for sale by owners, new home construction, any homes on the MLS, and any other homes that you find online that might be interesting.
- Once we find a home that will work for you, I will provide you with a written Comparative Analysis to ensure that you will not over pay. From there, I will guide you through the process of making the most appealing offer to enhance your odds of purchasing the home.
- We will arrange an inspection, paid for by you, within the first 10 days of the acceptance of the contract.
- If necessary, we will renegotiate the terms of the contract based on the inspection. If we do not reach an agreement, or we find a flaw in the house that we are unable to come to terms with, we typically have the option of walking away and finding a different home.
- After renegotiating, we will order the lender's appraisal (paid for by you). If the appraisal comes back over your purchase price, that's great news! This step is over! If it comes back low, we have another opportunity to renegotiate the terms of the agreement.
- Throughout the process, it is your responsibility to get your lender the documentation that he or she needs to process and underwrite your loan so that we are able to close.
- On closing day, we meet at the title company or lender's office. We will sign all of the necessary paperwork, and provide the title company with the funds to close on your home.
- You get your keys, and you get to move in!
NOTE: If you currently own a home, there may be additional steps along the way.
Buying Your Home | Commission
In most scenarios, the only fee a buyer will pay is a $265 transaction fee to our brokerage. This helps pay our office staff, and we do not receive any of it. In some cases, we may be able to negotiate that the seller pays this fee as a closing cost for you. If you do not purchase a home within the term of our agreement for any reason, a buyer will not be charged anything.
Hopefully that clears things up!
Buying Your Home | Additional Fees
It is important that you're aware that there are other fees associated with purchasing a home. These fees are called Closing Costs. We encourage you to discuss these with your lender, as it changes from situation to situation. When you receive a cost breakdown from your lender, it may be helpful to forward it on to us so that we can identify any potential cost savings.
Most lenders will send you this cost breakdown along with your pre-approval so that you're fully aware of the true cost of purchasing your home. If you do not receive one, ask for one.