THE BUYING PROCESS

You’ve found the home you can see yourself living in, now what?

The prospect of buying a home can be both exhilarating and scary at the same time. It’s likely the largest purchase you'll make in your lifetime—and also one of the best long-term investments. But buying a home is not a one-size-fits-all proposition. Finding the right place in the perfect neighborhood, and at a cost that’s within your budget, is no small task. That’s where we come in. Our job is to help you navigate the twists and turns of the buying process, so that you end up with a house you’re proud to call home.

 

Our goals:

  • Help you find the home that best meets your needs in the most efficient timeframe
  • Provide current market data to assist you in making informed decisions
  • Help you understand all the terms, processes, and documents involved in a real estate transaction
  • Represent your needs through skilled negotiations and effective communication
  • Provide you with a peace-of-mind that all details are being handled in a professional and efficient manner
A wide, wooden front door on an upscale home with view of side panel windows. Vertical Shot.

You’ve found the home you can see yourself living in, now what? There are several steps to the buying process you will go through before you can officially call it your own.

Purchase & Sale Agreement

Once an offer on a property has been made by a buyer and accepted by the seller, they enter into a legal contract known as a Purchase and Sale Agreement. This document outlines the specific terms and conditions of the transaction and is acknowledged by both parties by the signing of the document.

Financing

You may already be pre-approved, but now that you’re closer to the actual purchase price, you’ll be working more in-depth with your lender on your final loan approval.

Your lender will work with you each step of the way to get your loan approved and closed in a timely manner.

Inspection

Once a buyer and seller reach mutual acceptance on a property, a home inspector is hired to investigate every nook and cranny to determine if the home is in need of any repairs. An inspector will check items, such as the roof, basement, heating system, water heater, air-conditioning system, structure, plumbing, and electrical. Afterwards, buyers will have a chance to negotiate with the sellers to cover the costs of certain repairs or to ask for concessions.

Title Insurance

You will receive a full report detailing the property history for you and your lender to ensure there are no legal encumbrances between a new owner and the property being purchased.

Negotiation

Whether you’re a buyer or a seller, negotiation is the key to getting the best deal. Negotiations can involve everything from settling on a sales price to concessions and financing. Windermere North agents are expert negotiators whose job it is to represent your interests during the give and take of a real estate transaction.

Escrow

Once the offer is accepted and a closing date agreed upon, escrow allows the buyer and the seller to have an outside party ensure all parts of the contact are complete. Your Windermere North agent can help coordinate the completion of all necessary forms to the escrow company and monitor the escrow process until the transaction is complete.

Closing

At closing, all the paperwork is signed by the buyer and seller, both parties pay any settlement fees and the documents are officially recorded. Prior to closing, you’ll receive a settlement statement outlining any fees which may apply to you. After closing is finalized and recorded, the home is yours!

Read More: Get Ready to Buy >>

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