Tips for Buyers

Choosing me as your Realtor®

Of all the decisions you'll face when buying a home, there's none more important than the person you choose to represent you.

My job as your Realtor is to support you in finding the right home with the best possible terms, and to aid you through the entire process.
I will explain the process of buying a home, and familiarize you with the various activities, documents and procedures that you will experience throughout the transaction.

Tips For Selecting A Realtor®

Your Real Estate Professional should be:
  • Knowledgeable about the communities of interest to you.
  • Aware of the complicated local and state requirements affecting your transaction.
  • Effective in multi-party, face-to-face negotiations.
  • Highly-trained, with access to programs for continued learning and additional certifications.
  • Technology-focused.
  • Supported by professional legal counsel.

Financing

It is important to get  pre-qualifyed for a loan before selecting a home to purchase. This process will help you:
  • Determine the price range you can afford.
  • Understand the types of loans you qualify for.
  • Determine what your monthly payment will be.
  • Estimate the down payment and closing costs.

The Loan Process

It is important to look for different options and choose a Lender you feel confortable working with. Once you have made your decision on who you want to use as your mortgage lender, these are the steps of the process:

Application - All pertinent documentation is obtained. Fees and down payments are discussed, and the borrower will receive a Loan Estimate(LE)  itemizing the rates and associated costs for the loan.

You will be asked to provide certain documents to your lender in order that your loan can be processed in a timely manner.

Loan Submission - Once all the necessary documentation is in, your completed file is submitted to a lender for approval.

Loan Approval (Underwriting) - The Lender must issue a Loan Commitment  with any loan conditions within an specific time frame. Once it is received the financing contingency is waived  and  all parties are notified of the approval and of any loan conditions that must be received before the loan can close.

Closing -The lender will deliver a Closing Disclosure (CD) three business days before closing for the Buyer to sign.
The day of the closing and  once all loan documents are signed, they are returned to the lender an if all the forms have been properly executed, the lender sends the loan funds by wire transfer to the Settlement agent and the loan process is finished. 



Finding and Choosing the Right Home

Based on criteria we establish together, I will help you find the perfect home. There are many factors to consider in selecting a property, including location, bedroom and bath count, schools and amenities.

I will apply my extensive community knowledge and professional resources to research available properties, and show you the homes that best meet your needs. If you find a property that interests you through the Internet or your own research, let your me  know so I can arrange a showing.

As you view different properties, your criteria may change. Will be working together adjusting your wants and needs. It is important to keep and open and direct communication because it is a  key element for a successful property search.


Making an Offer

Once you have found the home that you wish to purchase, I will apply my professional training and market knowledge to structure an effective offer.  When an offer is made, the seller will have the option of accepting, rejecting or counter-offering. My commitment to you is that I will use all my negotiation skills  to get you the best possible terms and have it accepted.

Managing the Escrow

When the purchase agreement is accepted and signed by all parties, the process begins and I will walk you through the entire process.
An Escrow account will be open and your earnest money will be deposited. The escrow is a neutral third party that will receive, hold, and distribute all funds associated with your transaction. 

Removing Contingencies

Prior to closing escrow, all of the contingencies of the Purchase Agreement must be met.
  • Approval of the condition of the house. 
  • Approval of the preliminary title report.
  • Loan approval, including an appraisal of the property.
  • Physical inspections of the property.
  • Pest inspection and certification.
  • Acquisition of homeowner's insurance.

Closing Escrow and Moving In!

When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow, and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Recorder's office and you will take ownership of YOUR HOME!