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THE HOME BUYING PROCESS
The home buying process can, at times, be confusing at best. From
establishing a comfortable price range… to searching for the perfect
house… to negotiating a competitive offer… to the close
of escrow…your agent is committed to making your home buying experience
as simple and convenient as possible. He/she will take you step-by-step,
answering any question you may have along the way, in terms you understand.
In order to minimize confusion and maximize desired results—getting
the home of your choice—you may want to consider the following:
GET PRE-APPROVED FOR YOUR LOAN
Contact your mortgage lender to get pre-approved. This is a tremendous
asset when it comes to negotiating an offer. This not only establishes
the price ranges you qualify for, but makes your offer more attractive
to sellers, giving you an advantage over other buyers. In addition,
you may be surprised! You may qualify for much more home than you originally
thought.
SHOW FUNDS FOR CLOSING
Acceptance of an offer can be determined by giving evidence of the ability
to complete the transaction. This can be accomplished by showing funds
in a bank account or providing escrow instructions with a net sheet.
You also want to show job stability.
SUBMIT A COMPETITIVE OFFER
You greatly enhance you chance of getting the home of your choice by
submitting a strong competitive offer. Submit the offer as if there
will be multiple offers, and with as few contingencies as possible.
PROVIDE COMPARABLE PRICING
To substantiate the offer you are making on the property, your agent
will provide a competitive market analysis to you and your seller
VESTING DESCRIPTIONS
Title to real property may be held by individuals, either in Sole Ownership
or in Co-ownership. Co-ownership of real property occurs when title
is held by two or more persons. There are several variations as to how
title may be held in each type of ownership. If you are not familiar
with the method of holding title, you are encouraged to talk to an expert
who is a qualified professional in this area.
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