Once we have found a home you would like to make an offer on, I will do a comparative market analysis to determine what similar homes are selling for. With this data and looking at current market conditions we will determine a price to offer the seller. Next, I will complete the Earnest Money Agreement (aka the contract) and we will go over it together in detail. At this point I will need an earnest money check from you. The amount of the earnest money check depends on the price of the home, the higher the price of the home the higher your earnest money check will be. It's purpose is to show the sellers you are serious about purchasing their home; in the event a buyer were to back out at the last minute the seller is entitled to keep the earnest money. The earnest money also goes towards the buyers down payment. For example, if your earnest money check were $1,000 and your down payment is $7,000 you would only need to bring $6,000 to the closing table. The earnest money check is only deposited with Escrow if your offer is accepted.
Once I submit your offer to the seller it may be accepted, rejected or the seller may counter your offer. At this time we will analyze your options for moving ahead.
Tuesday, January 6, 2009
Sunday, January 4, 2009
What Do I Do Once I am Pre-approved?
START YOUR SEARCH!
1. We will sit down together and go over everything that you are looking for in a home.
2. Visit Windermere.com and set up a free account. Doing this allows us to communicate very easily on the properties you have saved in "Your Favorites." Any question you have on a particular home, type it in the "comments" section right below the home and I will be sent an e-mail immediately.
3. After doing a little bit of searching on the Internet, choose 5-7 homes you would like to go see in person and we will schedule a day to go look at them. It is always a good idea to do a drive by of a home you are interested in. Pictures on the Internet can be deceiving and this way you will be certain of the neighborhood, the surrounding homes or if the exterior matches up to your standards.
4. We will continue the above process until you find that perfect home you want to make an offer on!
1. We will sit down together and go over everything that you are looking for in a home.
2. Visit Windermere.com and set up a free account. Doing this allows us to communicate very easily on the properties you have saved in "Your Favorites." Any question you have on a particular home, type it in the "comments" section right below the home and I will be sent an e-mail immediately.
3. After doing a little bit of searching on the Internet, choose 5-7 homes you would like to go see in person and we will schedule a day to go look at them. It is always a good idea to do a drive by of a home you are interested in. Pictures on the Internet can be deceiving and this way you will be certain of the neighborhood, the surrounding homes or if the exterior matches up to your standards.
4. We will continue the above process until you find that perfect home you want to make an offer on!
Friday, January 2, 2009
What Should I Do First?
The first thing you need to do is get in contact with a mortgage broker to determine how much you can afford. You will not only find out what your price range is, but also what it will cost you on a monthly basis. This way when you start looking for you future home, you know it is something you can actually purchase and it will save you a lot of time and frustration!
In addition, when making an offer sellers want to see proof that you are actually able to buy their home before they accept any offer.
Click Here to get in contact with an excellent, trusted mortgage broker whom I work with on a regular basis.
In addition, when making an offer sellers want to see proof that you are actually able to buy their home before they accept any offer.
Click Here to get in contact with an excellent, trusted mortgage broker whom I work with on a regular basis.
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