Are you ready to purchase your new home? Let’s get started with the steps to make your transition as simple as possible.
1. Initial Consultation: Purchasing your new home starts at our initial consultation where we choose to work together or not, define the boundaries of our working relationship when we move forward, ask meaningful, thought provoking questions, establish an action plan designed on what’s important to you, and execute with amazing performance!
2. Get Pre-Approved: Know your credit score and purchasing power. Do you have any derogatory credit accounts that need to be paid off before purchasing a home? Let’s speak to a lender who will guide you through the path. Just know that lending rules have changed and you will be asked to provide a lot of documentation throughout the process. Please provide what your loan officer asks in a timely manner, the same day if possible.
3. Home Search: Once you’re pre-approved, we’ll begin seeing homes in person.
4. The Offer: After we’ve seen the home you want to live in, we place your offer to the seller(s) that specifies the terms of your purchase. The offer includes the lender pre-approval letter, the earnest money deposit, and the option fee. The seller can either reject, counter, or accept your offer. My best advice is to make your best offer first time out because you may not get a second change.
5. In Contract: Once we’re in contract, we typically do a Home Inspection and an Appraisal. You hire the Home Inspector. The lender hires the appraiser after we complete the home inspection. You pay for both.
6. Walk Thru: The day has finally come to close on your new home! We meet at your new home to do a Walk Thru and make sure the home you purchased is ready for you to move in!
7. Closing Celebration: After the walk through, we’ll go to the Title Company where you’ll authorize the closing documents. Once complete, the escrow officer will email the documents to your lender who reviews the paperwork for accuracy. Once the lender’s closer approves the paperwork, your loan will be funded.
8. Funding: Once your loan is funded, you get the keys to your new home! Congratulations!
This may seem complicated but it’s simple when you work with a professional like me.
MOST IMPORTANT!!! DURING CONTRACT, DO NOT PURCHASE ANYTHING WITHOUT SPEAKING TO YOUR LENDER!!! Your lender has pre-approved your application based on certain conditions that must be verified including satisfactory appraisal, rent history and employment. For example, make sure all of your payments are paid on or before the due date. No late payments!
This is how we’ll be Bringing You Home!
