Why you should choose us to be your Buyer’s Agent
|For most families, choosing a new home is the biggest financial decision they will ever make. There are many complicated decisions involved in choosing your new home. To protect your interests and assure that you make the best possible decisions, it’s important that you have an agent on your side who is an expert in the local real estate market.|
As your agent, my focus is on getting you the best possible home at the best possible price. I will work hard not only in finding you potential new homes to see, but also in keeping you informed of everything that takes place. As your agent and a top expert in the local market, I’ll negotiate the best prices and terms for you and answer all of your questions as they arise. I’ll be representing you, not the seller. This assures that my experience and expertise in the local market will be used in your best interests during the negotiation process.
As your agent, I will:
- Assure that you see all the properties in the area that meet your criteria. Not just those listed on the local MLS, but also many un-listed properties that I find through my local contacts and affiliations.
- Guide you through the entire process, from finding homes to look at, to getting the best financing.
- Make sure you don’t pay too much for your new home. As a real estate expert in this area, I help people negotiate and make home purchase decisions every day. I can help you avoid costly mistakes.
- Answer all of your questions about the local market area. Not just about homes for sale, but about schools, neighborhoods, the local economy and more.
Let me help you find your dream home and assure your best interests are protected throughout the entire process. Feel free to call or e-mail me with any questions you may have at any time. Fill out this form and I’ll get back to you right away.
Congratulation on opening escrow on the property of your choice. Here are couple of steps that you can expect while you are under contract to purchase this property.
Step 1: At this point in the process, initial negotiations are done. Buyer and seller have agreed to a price and next step is to get the fully signed contract by both buyer and seller. The agent representing you will send the contract to escrow company.
Contract: The initial offer is the starting point of every contract. There may be several counters that follow an initial offer before an agreement is reached between the buyer and seller. The fully signed contract is the combination of the signed offer plus any counters that may have followed. All this paperwork should be signed between both parties before escrow can open.
Step 2: Once the agent has delivered the contract to escrow, Escrow will send wiring instructions to the buyer to wire their initial deposit to escrow.
Step 2: Submit loan application paperwork to your lender/loan officer ASAP so the lender can Order appraisal. Lenders require an appraisal on all home sales. By knowing the true value of the home, the borrower is protected from overpaying.
Step 3: order Physical Inspection ordered through a certified home inspector: At this point, you and your buyer’s agent should order a physical inspection of the property. An inspector will produce a written report of the condition of the property. This process is to find out as much about the property and the integrity of it’s structure and it’s systems such as: foundation, roof, plumbing, electrical, and HVAC.
Request for repairs: after inspection is done, you and your agent have the option to draw up a request for repairs from the seller. It is important for you to note that most properties are sold AS IS, which means that the seller is not obligated to do any repairs. However, most sellers, recognizing that it is important to keep the contract flowing, will agree to a reasonable request from a buyer or a credit in lieu of repairs that would be designated as a credit for closing costs.
Step 4: Review seller’s disclosures which should be available within 7 days of a signed contract. These disclosures are provided by the seller’s agent to the buyer’s agent. Disclosures cover all necessary information about the property known to the seller as well as general disclosures provided by a third party explaining the details of the neighborhood and area where the property is located.
Step 5: Title Search – This is the time when any liens against the property are discovered. A lien may have been placed on a property to ensure payment of outstanding debts by the owner. All liens must be cleared before a transaction can be completed.
Step 6: Termite Inspection – While most purchase loans do not require a formal inspection for termite and water damage, some loans (especially government loans) allow for the possibility. If problems are found, repairs may be necessary.
Step 7: Contingencies: Every purchase contract requires the buyer to satisfy themselves about every aspect of the transaction.
Examples could be:
Property value: Appraisal contingency
Property condition: physical inspection contingency
Ability to finance: Loan Contingency
Buyer’s requirement to sell other property in order to purchase the current one
Step 8: Underwriting/loan approval: Lender/underwriter may require additional documentation to complete loan underwriting.
Insurance – Lenders require fire and hazard insurance on the replacement value of the structure. Flood insurance will also be required if the property is located in a flood zone. In California, some lenders require earthquake insurance on condominiums.
Final Walk Through: This is the last inspection before the property changes hands.
Signing – During this step, final loan and escrow documents are signed.
Funding – At this point, the lender will send a wire or check for the amount of the loan to the title company.
Confirmation of Funding – The lender authorizes the disbursement of loan proceeds.
Closing – Documents transferring title will now be officially recorded by the County Recorder.
Step 9: Order utilities under your name a few days before close of escrow, examples: water, gas and electric, cable, garbage collection.
Congratulations, you are now a homeowner!