Buy your dream house with confidence

So, you want to buy a house—now what? The first time buying a home is an emotional, exciting, and also exhausting experience. You may also be wondering along the way—what am I missing? This is a common question. Here’s how the buying process works from start to finish.

Buying Your Home

Technology has allowed people to search for the areas and homes that interest them. Results can be a text, email, or a website away. Acclimate yourself to what features a home has that you want and what features you might wish a home to have. Is this the weekend retreat, family vacation home, second home/ investment or exchange? Help your agent to see your position. Part of the value of our relationship is to see that rationale and move forward to achieve it together.

Lenders

Get Pre -Qualified. One of the most important elements we emphasize to our clients is knowing their budget. A consumer has so many choices that we encourage them to shop for their loans to find the situation that best suits their needs. Your lenders will document to prove your financial situation. There are many instruments that may be available from the institutions that can be options for financing. It is important to know what type of loan, cash options, or exchange can work for you to make that process one that transitions smoothly. This is one of the foundations for your future offers. Although this is not the final approval for the loan, it can give the purchaser or seller who is upgrading by selling a broad stroke to financials.

Sellers may have taxes to pay at close and buyers may have escrow monies, inspections, and closing costs which all can be discussed prior to an accepted offer and contract.

Attorney

Buyer and Seller should consider securing an attorney when they are purchasing or listing their property respectively. Some of the tasks your attorney might be responsible for are title work receipt, closing documents and deed transfer/recordation.

Offer & Acceptance

Keeping in touch with your real estate professional will allow you to look efficiently. We can communicate via cell, text, and email. We want to hear from you even if it is challenging.

As Sellers list with an agent and the home shows, they can receive feedback on aspects of the home such as pricing, client wants or asks. It is a way for the seller to see the perception in the current market they sell in.

Buyers can engage their agent with the agency paperwork to allow them find that home and offer. Once a home is found, you will work together to form an offer in a timely manner. In some cases, it might be immediate. There may be an offer, negotiations, counteroffer, acceptance, and contract. It is why we work together through the process.

Inspections & Closing

Each buyer is responsible for having inspections they wish performed. This is referred to as the Due Diligence period. It is a chance to have licensed professionals see visually if they find issues with the home. You would want the best chance to discover anything you can about your prospective home and discuss it with the seller side. Sellers may or may not address issues.

Should the inspections prove satisfactory, or seller and buyer confirm nothing need be performed, parties can move towards closing where possession of the home (in NC) is after the deed is recorded. A buyer and seller may sit at their own attorney’s office the day of closing or discuss a mail away closing. That can be coordinated by each side’s attorneys. Then the home belongs to the buyer and the seller becomes free to explore their next option. Every transaction is unique.