The Home Buying Process
What to expect when you are buying a home
Compliments of Robin Stelle, REALTOR
Select Your Realtor and Establish a Working Relationship
The Stelle Team are full time, professional Realtors with extensive market knowledge. We will work closely together to find the right home for you. During our initial meeting we provide you with information on the home-buying process.
Loan Consultation
If you are using a loan, we will recommend a lender to help you achieve your home ownership goal with the least stress and the smoothest process. We have worked with many lenders and have found that by working with a true full service mortgage company with a staff that works efficiently and effectively to create satisfied clients on every transaction, you will be happiest.
Evaluate Your Needs and Your Resources
We meet with you to discuss your specific needs and analyze your resources. Together, we will establish a set of criteria about the type of home and features that are most important to you. We will ask thought provoking questions to help you formulate a clear vision of what you want.
Market Education, View Properties and Select a Property
The Stelle Team will research available properties, and show you homes based on the criteria that we establish. As we view different homes we will reassess your criteria for a home. The more precise and direct you are with us, the more successful your search will be.
Structure an Effective Offer
Once you have found the home that you wish to purchase, we will do all the necessary research to help you structure an effective offer. We will draft the purchase agreement for you, advising you on protective contingencies, customary practices, and local regulations. Although we will give advice and information, it is your decision as to the exact price and terms that you wish to offer.
Present Your Offer
We present your offer to the seller and the seller's agent. The seller has three options - to accept, reject or counter. Our personal knowledge of your needs and qualifications will enable us to represent you in the best way possible.
Respond to the Seller
We will review the seller's response with you. If the seller has countered your offer, you will have the option to accept, reject, or counter. Our negotiating skills will benefit you in reaching a satisfactory agreement.
Open Your Escrow
When the purchase agreement is accepted and signed by all parties, we will open escrow for you and your earnest money will be deposited. The escrow or title company is neutral third party that will receive, hold, and distribute all funds associated with your transaction.
Conduct Your Inspections
It is imperative that you thoroughly inspect the home prior to closing the sale. we will help you coordinate these inspections and review the findings with you.
Remove Contingencies
Prior to closing, all of the contingencies of the Purchase Agreement must be met. We will coordinate the removal of these contingencies and review all documents with you. Typical contingencies include:
- Approval of the seller's transfer disclosure statement
- Approval of the preliminary title support
- Loan approval, including an appraisal of the property
- Physical inspections of the property
- Pest inspection and certification
- Acquisition of homeowner's insurance
Close Escrow
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. Congratulations!
