HOME BUYER'S GUIDE
Part 1: Before Entering a Contract
We will do a consultation to learn about your needs so we can understand how best to help you achieve your goals. We will work on your behalf and look out for you best interest and negotiate to get you the best deal possible.
1.
Hire a Realtor
Establish a lender to work with. They will ask for personal financial documents to determine how much you may qualify for. Request a pre-approval letter to save time and strengthen your standings during negotiations. Many selling agents will require a pre-approval letter attached to any offers.
2.
Work with a Lender
We will setup a filtered search in the Triangle Multiple Listings Service based on your personal criteria for your ideal home. You will receive a list of available homes. You will also immediately get instant notifications by email whenever news homes become available on the open market.
3.
Search and View Homes
Once we find the home of your choice, we will evaluate the market value of the property to help determine a good offer price. We will guide you through the entire process of negotiations, offers and counter-offers. We will explain in detail the offer to purchase agreement including things like due diligence and earnest money deposit.
4.
Make an Offer
Part 2: From Accepted Offer to Closing Day
Once parties have agreed upon the details of the purchase agreement, everyone must sign the documents for it to be official. Contracts will be delivered. We will guide you also on the due diligence & earnest money deposits.
1.
Accepted Offer
The seller may make repairs as requested. We may do a second inspection if necessary. A closing date will be set. And settlement process will be prepared heading into closing day. We will need to begin to notify utility companies of the coming ownership changes. Before closing, we will do a final walkthrough of the home.
3.
After Due Diligence Period
The due diligence period is a time when the buyer may work on inspections: Home; Pest; Radon. You will officially begin the mortgage application for a loan. The lender may setup an appraisal, and the underwriter will verify all your financials to made a decision on the loan approval or rejection.
2.
Due Diligence Period
After the final walkthrough, we will proceed to closing on the deal. Buyer will bring a certified check to the closing if necessary. Documents will be signed by both parties. Keys will be delivered to the buyer. The attorney will record the settlement with the county.
4.
Closing Day
After inspections, we may request repairs on potential damages found. We will need to setup your home insurance with an insurance company. A land survey may be conducted to determine there are no encroachments on the property. We will need to hire a real estate attorney to conduct a title search to verifiy a ownership of the seller.
2.
Due Diligence Period Continued
Congrats on moving into your new home! We will always be here to help if you ever need anything!