While the internet is a great first step to identifying prospective homes, working with an agent that represents your specific interests as a Buyer is invaluable to navigating the complex process of buying a home. A home purchase is one of the most significant investments in life. So the more prepared you are at the outset, the less overwhelming and chaotic the buying process will be and the better the outcome.
We should meet face-to-face to review your overall objectives in searching for a new home (i.e. time frame, desired features, etc.) and discuss the process. I will have you complete a questionnaire and we will begin to narrow down types of properties and neighborhoods so we have an efficient search.
You MUST have a lender PRE-APPROVAL LETTER to write a contract. Therefore, it makes sense to start this process before looking at properties. I will recommend a few reputable lenders or you can select your own. A lender will review your salary, credit and source of funds for the purchase to determine a comfortable loan amount before providing a pre-approval letter, which shows your borrowing power. You can consult with multiple lenders within a 30 day period and their credit inquiries will not negatively affecting your credit score.
In addition to the basics (i.e. # of bedrooms, baths), we will discuss your “wish list” (i.e. the desire for a yard, open floor plan for entertaining, big kitchen, man cave, etc.). There will definitely be trade-offs – but our goal is to find a home that meets the majority of your requirements within a comfortable price range. Once the criteria is established, I will email you regularly with listings to review to determine if they are worth touring.
This is the fun part. Once we’ve completed a search and narrowed down the options, we will schedule time to tour homes. Many properties will be on “lockbox” so we have flexibility to visit —whereas others may require an appointment. I will also identify Open Houses for you to visit on the weekends.
No aspect of the home buying process is more complex or personal than bargaining between buyers and sellers. This is the point where my experience is most valuable because I know the market; will likely know the seller’s agent; and have negotiated hundreds of real estate transactions. An Offer is comprised of the following key terms: