BUYING OVERVIEW

BUYER INTRO MEETING

(45-90 Minutes)

  1. PUT A FACE WITH A NAME
  2. LENDING REVIEW
  3. ESTABLISH GOALS & SET EXPECTATIONS
  4. CREATE HOME SEARCH CRITERIA

HOME TOURS

(1-3 HOURS)

EACH TOUR DAYS CONSISTS OF 1-TO-6 PROPERTIES

2ND SHOWINGS

  • RECEIVE ANSWERS TO ANY OUTSTANDING QUESTIONS FROM 1ST TOUR
  • FULL BUIDLING TOUR (AMENTIES, GARAGE, STORAGE, ETC.)
  • DISCUSS FRUNTIURE LAYOUT & OTHER IMPORTANT ITEMS ONSITE

DRAFT & REVIEW COMPARABLE MARKET ANALYSIS (CMA)

BEST PRACTICE: CMA PLUS OR MINUS 4% = MARKET VALUE RANGE

MAKING AN OFFER

DETERMINE NEGOTIATION STRAGETY

BASED OFF CURRENT MARKETN STENGTH, # OF DAYS ON MARKET, HOW MUCH THE HOME FITS YOUR SEARCH CRITERIA, HOW MANY OFFERS HAVE BEEN RECEIVED, & ETC.. WILL ALL BE DISCUSSED AND INFLUCENCE WHICH NEGOIATION STARGETY SLECTED.

NEGOTIATIONS

THE PROCESS CAN TAKE ANYWHER FROM SEVEAL HOURS TO SEVERAL MONTHS.  IT’S ALL REALITIVE TO MARKET CONDITIONS & INDIVIDUAL CLIENT GOALS.

CONTRACT ACCPETED

INITIAL EARNEST MONEY DUE ($1,000-$25,000)

CONTRACT CONTINGENCY (3-STANDARD)

HOME INSPECTION

TYPICAL COST RUNS $350-1,200 AND CAN TAKE A HOME INSPECTOR 2-5 HOURS ONSITE 

5-DAY ATTORNEY REVIEW PERIOD

MAJORITY OF ATTRONEY REVIEWS GET EXTENDED AT LEAST ONCE  

MORTGAGE CONTINGENCY

30-Day: DURING THIS TIME AN APPRISAL WILL BE ORDER, UNDERWRITING WILL REVIEW YOUR FILE, & MANY FORMS WILL BE REQUESTED FROM YOU (EXMAPLE: TAX RETURN OR W2)  

NEXT STEPS

BALANCE OF EARNEST MONEY

DUE WIHTIN 2-BUSINESS DAYS AFTER A/I COMPELTION 

CONTINUED WORK WITH YOUR LENDER

BE READY FOR SEVERAL ROUNDS OF DOCUMENT SUBMITTAL AS YOU WORK TOWARDS YOUR CLEAR-TO-CLOSE

OTHER IMPORTANT INFO

  • COMPLETE ANY CONDO MOVE-IN PACKETS & RESERVE ELEVATOR TIME
  • CHANGE OVER ANY NECESSARY ULILITES
  • UPDATE YOUR MAILING ADDRESS 

DAY OF CLOSING

FINAL WALK-THROUGH OF HOME

(30 MINUTES)

DAY OF CLOSING PRIOR TO HEADING TO TITLE COMPANY

Closing at Title Company

(2-3 Hours)

  • SELLER'S ATTRONEY SELECTS TITLE COMPANY 
  • TITLE FEES ARE SET BY EACH TITLE COMPANY