Buyer Information

Establishing Financing

Make sure your financing is in place. You want to know exactly what price range you qualify for. You'll also need a Pre-Approval Letter from your lender before you can submit a serious offer.

Discuss your Needs and Search for Properties

Make sure to communicate all areas of interest and any important features/criteria to your agent.

Find a Property You Like and Negotiate an Offer

During this time, we'll be researching the neighborhood and looking at comparable properties. We want to have a strong idea of what the home is worth and what it will appraise for. Also, when making an Offer, you'll need to write 2 checks.

• 1st check is made to the TITLE COMPANY; this is your Eamest Money (it's like a Deposit).
• 2nd check is made to the Home OWNER; this is for the Option Period (Please read paragraph 23).

Execute the Contract and Make Arrangements for Inspections

This is the beginning of your 5-10 day Option Period. You'll want to coordinate with all your inspectors to evaluate the property before the Option Period ends.

Negotiate Any Possible Repairs Found During the Inspections

Again, you need to negotiate these items before the 5-10 day Option Period is through. If there are any significant changes, they'll need to be noted on an Amendment to the contract.

Stay in Contact with Your Lender. Make Sure All Financing Questions Are Being Answered

If, for any reason, you can't establish proper financing, you should back out during the 3rd Party Financing period. Please call me ASAP!

Push Your Lender to Order the Appraisal Sooner Rather Than Later

Unfortunately, the lending process has become very difficult, and many appraisers are extremely conservative about the value they place on a home. If the home should not appraise for the contract price, please call me immediately so we can talk about your three options.

Within 5-15 Days Before Closing

Coordinate with all your utility companies and movers.

Within 1-2 Days Before Closing

You should be receiving your Settlement Statement for review. This will show you all the fees and credits associated with your purchase. Also, it will show the specific dollar amount needed for closing.

Verify the Dollar Amount Needed for Closing

It's easiest to Wire Funds to the title company.

Close on your new Home!

Your closing documents will be notarized, so please bring your driver's license or a valid passport.

Fund the Loan and Pickup Keys (unless There Is a Sellers Lease Back)

Funding the loan usually happens the same day as closing, but it may take one extra business day. Just be aware.