- Initial Consultation
We will meet to discuss your real estate needs and analyze your current resources. Once we establish your needs, we can provide guidance to lenders where you can obtain information in order to get the best financing available.
- Find the Right Home for You
We will show you homes based upon the criteria that we have established together. The more precise and direct you are with us, the more successful our search will be. We will then make arrangements through the listing agent and or seller to tour the homes with you based upon your schedule.
- Determining the Seller’s Motivation
Once we have found the home that you wish to purchase, we will do research to help structure a successful offer. The offer will take into consideration based upon many factors including but not limited to comparable sales in the area, time on the market, condition of the property, market demand, and the seller’s motivation.
- Writing a Purchase and Sale Contract
We will write the purchase and sale contract, forms, and disclosures for you. Also, we will be advising you on protective contingencies, customary practices, and local regulations.
- Present the Offer
We will present your offer to the seller and the seller’s agent. The sellers have three options; they can accept your offer, counter your offer, or reject your offer. Our knowledge of your needs and qualifications will enable us to represent you in the best way possible to the sellers.
- Seller Responds
We will review the seller’s response with you. Our negotiating skills and knowledge will benefit you in reaching a final agreement.
- Open Escrow
When the purchase and sale agreement is accepted by all parties, I will open escrow for you. At this time you will you will need to provide an earnest money deposit check to the escrow officer. The escrow company will receive, hold and disburse all funds associated with your transaction.
- The Contingency Period
This is the time allowed per your purchase agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject.
Typical Contingencies include:
- Approval of the seller’s disclosure statement.
- Approval of the preliminary title report.
- Loan approval including an appraisal of the property.
- Physical inspections of the property.
- Approval of home owners association documents (if applicable).
- Obtain Homeowner’s Insurance
We will work with your insurance agent, lender, and escrow office to make sure your policy is in effect at the close of escrow.
- Make Down Payment
You will need a cashier’s check or money transfer for the down payment several days prior to the closing date of escrow.
- Close Escrow!
When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs into escrow and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Recorder’s office and you will take ownership of your new home!