The Home Buying Process

Step-By-Step

Select a Realtor

I’m a full time, professional REALTOR with extensive market knowledge.  I will work together with you to find the right home for you.

Initial Consultation With Your Realtor To Evaluate Your Needs and Resources

I will meet with you to discuss your needs and analyze your resources.  Once we establish your needs, I will provide guidance to financial institutions where you can obtain information in order to get the best financing available.

Finding the Right Home For You

I will show you homes based upon the criteria that we have established.  The more precise and direct you are with me, the more successful our search will be.

Determine the Seller’s Motivation

Once we have found the home that you wish to purchase, I will do the necessary research to help structure a successful offer.

Write the Purchase Offer

I will draft the “Purchase Agreement” for you, advising you on protective contingencies, customary practices, and local regulations.  At this time you will need to provide an “earnest money” deposit, usually from 1%-3% of the purchase price.  The deposit check is not cashed until the seller has accepted your offer.

Present the Offer

I will present your offer to the seller and the seller’s agent.  The sellers have three options: they can accept your offer, counter your offer, or reject your offer.  My knowledge of your needs and qualifications will enable me to represent you in the best way possible.

Seller Responds

I will review the seller’s response with you.  My negotiating skills and knowledge will benefit you in reaching a final agreement

Open Escrow

When the purchase agreement is accepted and signed by all parties, I will open escrow for you.  At this time your earnest money will be deposited.  The escrow company will receive, hold and disburse all funds associated with your transaction.

The Contingency Period

This is the time allowed per your purchase agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject: 

            Typical contingencies include:

                        Approval of the seller’s transfer disclosure statement

                        Approval of the preliminary report from the title company

                        Loan approval, including an appraisal of the property

                        Physical inspections of the property

                        Rest inspection and certification

Obtain Homeowner’s Insurance

I will work with your insurance agent and escrow office to make sure your policy is in effect at the close of escrow

Make Down Payment

You will need a cashier’s check or money transfer for the down payment several days prior to the closing date of escrow.

Close Escrow

When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers.  You will deposit the balance of your down payment and closings costs into escrow and your lender will deposit the balance of the purchase price.  The deed will then be recorded at the County Recorder’s office and you will take ownership of your new home!

10207