You have finally selected the right home that meets all your needs and it's in the perfect neighborhood, so now it is time to make an offer.  The offer includes a commitment for a deposit of good faith, so be sure to have the cash available.  Within the offer, you can request conditions of the sale, such as repairs to be made or appliances you'd like to be included in the purchase. The seller can agree to the terms or make a counter offer.  Once the offer is accepted and signed by both parties, the process is started.

With any new home purchase, you should consider getting a home inspection.  A home inspector will look for structural damage, potential repairs and other issues. Many buyers make the offer contingent upon the results of the inspection. If the inspector finds a major issue, you may have the opportunity to renegotiate or withdraw your offer.

  • Review the inspection report and decide which repairs should be addressed by the seller before closing.
  • Before the sale is finalized, you'll have the opportunity to walk through the home and make sure the repairs were completed. 

Now before we look at the value of the home you should know there are other fees involved in the sale.  However, these other fees vary and there are also taxes that are associated with the sale and they vary by state.  If you would like to know about taxes as well as the other cost associated with your purchase,  I will be happy to sit down with you and outline these costs.

Before determining your home's value, you lender will have an appraiser from a third-party company to provide an estimate of the home's value, ensuring you pay the fair price of the home. 

As we are getting closer to the closing, it's time to start shopping for home insurance.  Home insurance protects your biggest investment.  When meeting with your insurance broker be sure to go over your options and ensure you have the coverage you need.

The day is finally here, closing!  There are just a few more things to do before actually closing. Don't worry you will not have to do too much.  Most of the work that is being done now is between your lender or escrow company that will work with the title company to research the deed and ensure it's free of any liens or other ownership entities, among other things. If you have questions about the terms of the sale or you have other legal concerns, a real estate attorney can address all of them. 

At the closing you'll read over and sign the paperwork.  When the check is given to the seller from your loan company, you will be given the keys and you'll be able to move in!

If you are ready to buy a home, I will be ready to help you with the buying process.  Call me today at (801) 628-1116.