Home Finding Process

Your Road Map to Success with a Buyer Agent

 Initial consultation with Buyer Agent (see Blog #1)

  • Review Buyer’s View Board of Specialist to choose a local Realtor® professional in your selected town or city

Obtaining Financing

  • Meet with several lenders; usually your Buyer Agent can recommend 2-3 lenders from a Bank, Credit Union or Mortgage Broker
  • Receive a Pre Approval Letter, this is needed in a tight housing market, sellers usually want to see that your are at least prequalified
  • Determine range price based on your debt to income (DTI)
  • Finalize all needed documents to be sent to your Lender
  • Review appropriate Lending programs
  • Check to see if there are any incentive programs (e.g. first time Buyer, mortgage credits for example)
  • Ask for an estimate of closing costs prior to picking a lender
  • Review and share the suggested lender programs with your Buyer Agent too

Once you have a Buyer Agent and Lender, Lets Find the Right Home

  • Starting with a lengthy phone call &/or office visit, highlight areas, home features. Ask Buyer Agent to set up searches to map to your stated requirements, interests, wants and budget
  • Have your Buyer’s Agent share access to MLS (multiple listing service) perhaps their mobile app, web site and automated searches
  • Get educated on the valuation tools available to you as the Buyer; they are usually 3-4 sources that are available to a professional Buyer’s Agent

Preparing an Offer

  • Determine price based on research of recent near by, similar sized and featured homes; a final comparative market analysis may suggest the right offer price.
  • What’s included; window treatments, all appliances, washer/dryer?
  • What closing date mutually works best for seller and buyer?
  • Review and sign all disclosures; Lead Paint, Seller Disclosures, Review tax assessment card and last local real estate tax bill

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