Buying Procedures
Congratulations! Now that you have thought about purchasing your
move up home or if you are a first-time buyer, we will go through an exciting
process together. Like any new venture, you are probably a little bit nervous
as you start to research buying a home. I have outlined some procedures that we
will go over to make you a more knowledgeable buyer in order for you to make
the right choice about your purchase. The result will be perhaps the most
rewarding thing you can do - owning your own home.
Together we will:
1. Have an initial meeting to determine what your needs and wants
are and any other important issues that you might have. Such as, a particular
school district, or a formal dining room? At this time, I will explain an
overview of the Agency and Purchase Agreement.
2. Accompany you to a
mortgage lender so you can obtain a pre-qualification letter – prior to looking
at property. This way, you will feel comfortable during the home search knowing
that you are a “qualified buyer”.
3. Expect personal
attention! That is what you should expect and deserve. I am willing to spend
the time and extra effort to help you find the right property. I will preview
properties to see if they meet with your criteria and purchase price and will
eliminate the houses that do not match your needs.
4. Give you as much
information as possible. The buyer who “knows the most, can make better
choices.” Set up appointments to see property. If any homes stand out
in your mind and you would like to take a second look, I will make another
appointment for you to view them.
5. When we find your
“dream house,” we will review the Purchase Agreement one more time. Together,
we will compare sales in the area to determine what a fair offering price will
be. Then I will take the Purchase Agreement along with the earnest money
deposit (this reflects the sincerity of your intention to purchase the house)
to the Listing Broker to be presented to the seller along with supporting
documentation, for example; pre-approval letter.
6. The seller will
review the Purchase Agreement along with the Listing Broker and will have 3
options: 1) Accept the offer; 2) Counter the offer, for example; changing
price, escrow period, etc; or 3) Rejecting the offer in its entirety. I
will assist you in the evaluation of the seller’s response to your offer.
7. Once we have a fully executed contract, we will open escrow and
you can sit back and relax and I will make sure all the necessary paperwork is
completed in order to meet our agreed upon closing date.