The Homefinding Process
Discovering the right home should be an exciting event. As a Prudential
Real Estate sales professional, my commitment is to make your home
search as stress-free and efficient for you as possible.
- Identifying up-front what is affordable will save time and frustration
in the homefinding process. It is important to consider the financing
options available to begin the mortgage pre-approval process as soon
as possible.
- From the multitude of properties currently on the market, I will select
those that most closely meet your unique needs and interests. It
is best to preview only a few homes at a time.
- We will schedule time to look at homes and neighborhoods. I will
arrange showing appointments with the sellers or their brokers.
- If the seller or their real estate professional i at the property when
we are there, it would be best for you to limit your conversation
with them.
- You can use the Homefinding Worksheets I give you to evaluate each
property.
- In order to help me find the right home for you, I will ask you to
tell me your thoughts about each property you see — the positives
and negatives. We will continue to assess your needs and buying
criteria.
Submitting An Offer
Once you have found the right property, the next step is to make a purchase
offer to the seller.
Determine the price you want to offer
- The price the seller is asking may or may not reflect realistic market
value.
- The best way to determine market value is with a Comparative Market
Analysis (CMA) showing similar properties that sold recently, those
that are currently active on the market and those that failed to
sell.
- I will discuss with you an estimate of costs associated with purchasing
this property.
Decide on financing
- We will review together the status of your loan pre-approval
- We will work together with your loan officer to explain financing
options and help you determine the mortgage plan that best fits your
requirements.
Decide on other issues that are important to you
- items of personal property you want included with the house.
- Warranty, inspections, repairs or other home enhancements by the seller.
- Closing date and possession.
I will present your offer
- The seller will have three choices:
- accept offer as it is presented
- reject it completely
- propose adjustments to your offer (counter offer)
- If there is a counter offer, you can choose to:
Once you have reached agreement with the seller, you will have a firm
contract to purchase the home.
Completing Your Home Purchase
Many details need to be taken care of in order for a home purchase to
be completed. It can take 15-90 days to complete all the steps involved
in a home sale, depending on the complexity of the transaction.
I
will work closely with everyone involved in the transaction to help
ensure that it moves ahead as smoothly as possible:
- Explain to you in detail all the steps that will occur, and answer
any questions you might have.
- Work with the seller's broker to see that they fulfill their
responsibilities under the contract.
- Stay in touch with the settlement officer, title officer, lender, and
others to help coordinate their activities and to help keep the transaction
moving forward.
- Communicate with you on a regular basis so that you can stay informed
and as worry-free as possible.
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