Let me help you every step of the way.
When purchasing a home, you are faced with a multitude of decisions! The primary one is whether you are actually prepared to purchase a home. Locating the perfect home is not always an easy task, and obtaining a mortgage loan can be a complex and tiring process. Although, once you have determined that you are ready to move forward with the required effort towards your home-purchasing goal, the rewards are unquestionable.
While at your side each step of the way, I will make the process of purchasing a home easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. I will help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale that match your specifications, and help you through the myriad of details attending the actual purchase.
I am always familiar with the current homes on the market, and I know neighborhood values well, so I can help you determine which properties are fairly-priced and in good condition before you start your search.
Your First Step
Your first step to buying a home is to first ask yourself why you want to buy a home: to stop paying rent? To start building equity? To have a place of your own? To raise a family? To entertain business associates? To move up to a bigger house? Next, list what kind of home you'd like and where you would like to be. Be specific. Separate the "must haves" from the "want to haves."
Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (city, suburban neighborhood, country); community (north, south, east, or west side); neighborhood (older and settled or sparkling new; a particular school zone; recreational facilities; and other community services such as transportation, day care, library, stores, entertainment). Ask yourself how many minutes you are willing to commute to work.
Think about home styles. How much space do you need? Does your situation require a one-level home, or are stairs acceptable? Consider size and kind of property. Do you want a newer home, or maybe an older one to fix up? Someday you or your heirs will want to sell. Consider how long you expect to live in this particular home.
Your Next Step: Loan Pre-Qualification
Once you have addressed the above needs, your next step in the purchasing process is to get pre-qualified with a mortgage company. This can be done over the phone or even online in a matter of minutes.
Call me and I will refer you to a mortgage professional that has an excellent reputation and track record for successfully acquiring loan approval for his/her clients.
I Will Find The Right Homes For You
Once you've been pre-qualified and know what price range you want to stay in, I can help you determine which properties fit your needs by using the (MLS) Multiple Listing Service system to locate them.
I have the best possible resources and communication systems available today to help you locate the homes on the market that match your specifications. You can even search my listings here at my website.
I Will Help You Every Step Of The Way
I will help you complete your financing and inspections, and close on the transaction. My top priority is to make sure that your home buying experience is pleasant, cost-efficient, and successful.
Stanley Realty’s guide to buying a home
Before the search begins
Know the reasons why you’re buying and make sure it’s the right choice. Reasons to buy vary. Good marketing conditions, a life change, a desire to invest, a location change can all affect the path you might take in finding the right property for you. Stanley Realty’s can help you look deeper into these factors to facilitate the process.
As far as the property itself, it’s a good idea to know all the features you desire in your new home, from the absolute must-haves to the things you would like to have, but could live without if a decision had to be made.
As you begin your search for a new home, keeping track of what makes one different from the other will help you make better decisions in the end. Take notes and photos of the homes you visit and keep your notes organized so you can easily compare information.
- The style of the homes that you will see: Single family homes, multifamily, condominiums, Co-ops.
- The condition of the home you would accept: New home, older home, renovation required.
- The resale value:
- Number of bedrooms and bathrooms
- The neighbourhood
Making the offer
Based on your research, notes, finances and the properties you’ve viewed, you’ve finally found the home that meets your criteria. You’re ready to make an offer.
An offer includes the price you would like to pay for the home in question. How much lower than the asking price could depend on finances, comparative prices of other homes in the market, as well as private property and appliances to include in the sale.
The offer also includes a good faith deposit, which is an amount of money that demonstrates your commitment to the property. A good faith deposit is not the same as a down payment, which is considerably more. The amount of the deposit might be between 5-10%, in the form of a bank draft, and should go to a third party which might be a legal firm, or brokerage—not to the seller.
Also in the offer are items in the house including appliances that would be part of the sale and potential repairs you would require the seller to make prior to the closing. Dates should also be mentioned in the offer including the closing date and the move-in date. Fees associated with the sale will be explained to you personally. The offer will also declare what the consequences would be as a result of a breach of contract.
This is the process that takes place during a meeting of the parties involved in which the transaction is completed and the title of the property is passed from seller to new owner. Upon possession day, the buyer conducts a final walk through of the home to make sure that the property is as it was when you viewed it and that all repairs that may have been stipulated in the offer have been completed to satisfaction.
During the closing, paperwork that has been prepared by all parties involved, including the agents, the bank providing the mortgage, lawyers and title companies, are signed.
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