Steps to Buying
GET PRE-APPROVED ON YOUR MORTGAGE
By getting pre-approved with your lender, you know exactly how much home you can afford, allowing you to set a top end to your home-buying budget. There is nothing worse than finding your dream home, only to find out that you cannot qualify for a loan to buy it. A pre-approval also strengthens your bargaining power when negotiating with a seller.
Once we work through your homebuying wants and needs, we will set up a search for you on the MLS which will email you all of the properties available that might be a good fit. You can then sort the homes into your favorites, possibilities and discard the ones you don’t like. We can do this work through an online portal so we can both be on the same page. This is a great communication tool we can utilize throughout the search.
After our first day of looking at homes, you will better understand what you are really looking for in your new home. If needed, we will adjust your search criteria and will keep searching until we find the right home for you. Together we will tour the homes that are the best fit your criteria. If you wish, you can also drive by available homes and give me a list of the ones you want to take a closer look at.
NEW PROPERTIES ON THE MARKET
When a new home comes on the market that matches your search criteria, the MLS will notify us and we will send it over to your portal if it is a good match
WRITING THE OFFER
You have found the right home and now it is time to determine an offer strategy that is a good fit for the market and your comfort level. Our goal is to help you get your home on your terms which includes things like closing dates, items or parameters to be included in the sale, and, of course, price and earnest money. Among other things, the offer will spell out how much you are willing to pay for the home, your financing plan, and other important terms of the sale including closing date. There are many details that go into an offer and we are here to help!
NEGOTIATION WITH SELLERS
Once the offer is sent to the sellers, it can either be accepted as written, rejected, or a counteroffer will be presented. In the event of a counteroffer, we will review the sellers’ proposed terms which you can then accept, reject, or counter. If the offer is accepted by both parties, we are then at a state of mutual acceptance which then moves us to the pending to closing timeline stipulated in the purchase and sale agreement.
We look forward to helping you on your homebuying journey. Ready to get started? Let us know what you are looking for in a home in our Find My Dreamhome page.