We have reverse engineered the home buying process and ask questions like what would you like to keep your mortgage payment under or if you already have a set dollar amount in mind. We work with your budget! We understand that banks may qualify you to the highest amount your income and credit allow you too but we are concerned with your bottom line and making sure it is within your comfort levels. Once we have the amount established we work closely with you to choose which areas you are looking to move to. Once the search parameters are set we begin what we like to call weeding the lawn process and begin narrowing down the properties by how much taxes the home has or if it has an HOA fee and limit the price to reflect your mortgage payment range alongside with that we also make sure we know what type of loan you are working with weather Conventional, FHA or VA it is imperative to know because each loan product has different guidelines that need to be followed and we do not want to show you homes that do not meet your requirements. This happens quite often when realtors do not qualify and educate their clients. Getting pre qualified by a lender and having your credit pulled early on to make sure that there is no unforeseen surprises is a definite must.
After we have a complete and clear vision of your home purchase it’s showtime, we being the home tours, we have a simple but yet effective way of showing you homes, we decipher which properties have the style, layout and location you are looking for and then we go see them all, yes I said ALL. By doing so we eliminate the what if factor or what I like to call we should of could of look at that home when we were buying but we did not. Buying a home is one of the most expensive purchases one makes in a lifetime, we do not want to leave any room doubts or sub conscious thoughts. It only takes about 15 min or less in each home to know if you like it or not. Often at times if you are trying to figure out how to make a home work for you it’s probably not going to because the cost and the homes just does not have the correct layout that you are looking for originally.. Budget is always top of mind when it comes to buying and home, so we always work towards staying in our lane by making sure that you’re moving forward and in the right direction. Our real estate advisors have extensive knowledge of construction, thus giving the best advice/recommendations to our clients on any deficiencies or repairs needed prior to placing an offer.
Congrats we have found the home, now it’s time to make an offer. We use a secure E-signing platform that allows you to sign & initial contracts or property disclosures from your smartphone, computer or tablet. If you would prefer a face to face meeting we can do that as well. We are all about service and we strive to provide the best in our class. Making an offer is not just about price it’s about knowing how to negotiate the deal before you make the offer. It’s like having the best boxing coach by your side during your championship fight. Let me assure you that buying a home is an emotional roller coaster for most people, so if we can remove the element of surprise from it all you will have a smooth & seamless experience.
Now that we have found your future home and have accepted contract the real fun begins. We always recommend that you hire a professional home inspector to evaluate the home and make sure that we have dotted our I’s and crossed our T’s. We call this $400.00 peace of mind. On the average the inspector will find anywhere from $1.000 – $5.000 of items in the home that either needs immediate attention or deferred cost items that will potentially fail in the next 5 – 10 years. We call this the dirty laundry list or the soon to be honey to do list. After we have a completed inspection report we use this ammunition to back to the seller and ask for items to repaired or a dollar amount to be credited back at closing for the deficiencies. Just to be clear, the seller does not have to agree to make any modification or give repair credits this is all up for negations. Once there has been a meeting of the minds on price and repairs we move towards closing out our attorney review period which is usually is a 5-7 day time period with extensions if needed.
Now we are not out the woods just yet, we still have to get the loan process started, now is the time you sit with you lender he or she takes your mortgage application live and orders an appraisal. The appraisal is usually completed within 10 days from application and when a valuation has been determined for you home. Assuming the home appraises out at purchase price or above the file will continue moving forward toward the underwriting process which is the final stages where the lender determines whether to issue a clear to close or look for additional documentation or letters of explanations on certain items.
Congratulations you have received your clear to close. We are now days or weeks away from closing, but hold tight this is not the time to quit your job, go car or furniture shopping or open up any new credit cards. Lenders do what’s called a VOE (verification of employment) plus pull your credit just days before closing to make sure you have not incurred any new debt or quit/lost your job. So keep this in mind when coming down to the one yard line as we have seen these types of issues happen and people not get the loan for the home or have to jump over the moon to make things right with the lender.
Final walk thru is always recommended prior to going to the closing as this the last step before signing and taking ownership of your new dream home.