Services For Buyers
I enjoy putting my experience to work for buyers. I have extensive knowledge of the Yolo, Solano and surrounding areas and can help you find the right place to buy. I also have experience with forclosures, shortsales, and property valuation and can help you navigate the real estate market of today. Here’s a brief overview of the buying process. Please get in touch if you have questions or want to get started with your search!
Buying a Home
1.Are You Ready?
In addition to a down payment, you also need cash for closing costs. Find out how much you have and how much you will need. Several Loan programs help with these costs. You may also be able to make this a negotiating point in the offer you put on a property. The lender you chose will help you go through this process.
2.Hire An Agent
Be sure you’re working with a true professional and someone you feel comfortable dealing with. A Agent insures you are being fully represented in a transaction.
3.Get A Loan Pre-Approval
The real issue with real estate financing is not getting a loan, but to get the loan that’s right for you. Meet with lenders to find out how much you can afford and find out which programs are available. Your agent can refer you to a reliable lender that has your best interest at heart.
4.Look At Homes
Before you look, list the features and benefits you want in a home. Consider pricing, location, size, layout and extras. Decide what’s most important and how much you’re willing to compromise.
5.Choose A Home
Review your notes to narrow down the choices. When you find the home of your dreams, your Agent, can help you be sure it is a good fit for you and your family. It is also a part of your Agents job to help you consider all of the pros and cons of the property including its future resell value.
6.Get Funding
The mortgage you choose will be determined by how much down payment you can afford, your credit rating, and your income. Your lender will be able to help you chose the right financing for you.
7.Make An Offer
An offer is more than the price you’re willing to pay. It also includes the terms and timeline of the agreement. Sellers may accept the offer, reject it or make a counter-offer
8.Get Insurance
Shop around for homeowner’s insurance and flood insurance if needed. Ask your Agent which of these are required for your new home.
9.Closing
This is the official meeting where the transaction happens. A title insurance company will make sure all of the required paperwork is complete. You will meet at the title company, sign required paper work, the paper work then goes back to the lender where the loan will be funded. After the loan funds the title company will have the deed recorded. This process can take up to 3 to 4 days depending on the turnaround time for the lender. After the deed is recorded it is then official. You get your new keys and the seller is paid for the home.
10.What’s Next
While you’re moving in, transferring utilities to your name, and checking out the neighborhood, be sure to enjoy your new home!