The Pathway to Homeownership
Here’s the Pathway of what to Expect when Buying a Home:
- Buyers consultation – we will discuss your wants and needs and really narrow down your search. Connect with a lender if needed.
- Search for Properties – I have a few platforms but my favorite is the MLS (and www.mdrcondos.com) since it is essentially the source of all listings. If you’re not finding the right one, I have several campaigns to put in place to turn up some new inventory. I can set you up with a private website to the MLS, let me know.
- Put in an Offer on a Home
- Open Escrow
- Submit the 3% deposit to Escrow
- Inspections – I have several good inspectors to suggest. Typically a general and termite inspections are good to start with.
- Disclosures and Documents – provided by the seller and escrow. If a condo, then HOA docs will be ordered.
- Request for Repairs – you can either ask for a credit, work to be completed or…. a price reduction. This step is a big one.
- Title – investigate the title to make sure all is clear.
- Loan – this process really starts while hunting for homes.
- Appraisal – this is ordered by your lender and they send an appraiser out to do a price evaluation. Depending what happens, there are options to further negotiate here.
- Finalizing – wrapping up all of the loan docs, escrow docs, title docs etc.
- Congrats!! You usually fund and then record the following day (preferably Tuesday-Friday).
Happy to answer any questions!
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