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Buyers Guide

Buying Process

The following list will give you an idea of the process involved when buying a home, land or commercial properties.

 

1. Get pre-qualified

  • Meet with a mortgage lender; by sharing income and other financial information, you will know the price range of mortgages you are qualified for.
  • Get pre-approved.
  • Obtain a pre-approval letter.
  • Obtain a "Truth in Lending" letter explaining the costs of borrowing money.
  • Learn about the many loans available to buyers in today's market.
  • Learn about closing costs.


2. Search Our Property Listings or use the Search MLS Listings on this site

  • Explore Our Property Listings. These listings are updated regularly to bring you the latest in available properties and information.
  • Search MLS Listings to find real estate by selecting a wide variety of filters and attributes to find your new home.


3. Begin viewing homes with one of Experienced Agents

  • Once you are ready to view homes, contact our office and schedule and appointment with one of our Agents.
  • When possible, we recommend all decision-makers should visit the various homes.
  • Always be candid with your agent, it will help them understand your particular needs and desires and enable them to select homes you'll want to see.


4. Prepare the offer

  • Your Agent will provide you with a comparative market analysis on your choice of real estate and area, in order to assist you in making an informed decision.
  • Your Agent will go through the contract with you and help complete your offer.
  • Negotiations will proceed until both buyer and seller agree on all terms and sign all documents. Documents will be sent to the title company where a file will be opened, and title commitment and property tax information ordered.


5. Make your loan application

  • Give your loan officer a copy of the contract and apply for the loan.
 

6. Inspect the property

  • Select an inspector and arrange for both a general inspection and wood-destroying insect inspection.
  • Our Agents will provide you with further information relevant to your home.
 

7. Appraisal and survey of property

  • The lender and title company will make arrangements for the property appraisal and survey.
  • You will be provided with a copy of the Title Commitment Letter.
  • You will need to make arrangements for homeowner's (hazard) insurance, and for your insurance agent to talk with the closing officer at the title company. 


8. Seller's closing is also arranged

  • You will receive a copy of the closing statement for review prior to closing.
  • You will do a final walk-through inspection of the property.
  • Your Agent will arrange a closing date and time with the title company. The seller's closing will also be arranged.
  • You will need to bring a cashier’s check for all closing costs and the balance of the down payment.


9. After the closing

    • Documents are sent to the your loan company for approval and funds are disbursed.
    • The title company receives and funds all money from the loan company. Payment of any accrued expenses in connection with the closing are due including taxes, attorney's fees, professional real estate fees and title company fees.
    • Legal documents will be recorded in the office of the county clerk and mailed to you.
    • The title company prepares and issues the title policy, and will then send it to you and the loan company.

IT'S NOW TIME TO ENJOY YOUR NEW HOME!

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