Home » Buying your Home: Our Plan
Buying your Home: Our Plan
Phase One
Outlining Your Objectives
- What is your motivation to buy?
- What price range are you considering?
- What is your timeline to move?
- What are your ideal features and “non-negotiables”?
- What are you looking for in a neighborhood?
Planning and Preparation
- Discuss objectives and process
- Select a lender and begin the loan approval process
- Obtain loan approval letter
- Sign an exclusive buyer-broker agreement
- Research neighborhoods of interest
Understanding the Market
- Analysis of active, pending and sold transactions
- Review contracts and timelines
- Personal timing and seasonal considerations
- Market forces: supply v. demand, macro v. micro
Phase Two
Finding Your Home
- Browse and review online listings
- Notification of new and off-market properties
- Attend open houses
- Select your ideal location and home
Offers and Negotiations Strategies
- Learn about the Purchase Contract
- Discuss multiple-offer strategies (as needed
- Offer presentation and highlight buyer strength
- Negotiate to optimize price and terms
- Acceptance of offer/counter-offers
- Targeted Mailings
- Responding to the Market
Phase Three
Escrow Process
- Notify escrow of acceptance and send the fully executed contract
- Wire initial deposit to escrow per terms of the agreement
- Notify lender to begin the loan or order appraisal
- Sign and return opening package of escrow instructions
- Contract insurance agent regarding homeowners coverage
- Provide escrow with vesting (title) information
Inspections and Disclosure
- Schedule all desired home inspections, including termite report
- Review all disclosures and reports
- Approve or negotiate repairs based on the inspection reports
- Review and approve preliminary tile report
- Meet deadlines and remove contractual contingencies
- Schedule final walk-through prior to close escrow
Phase Four
Closing
- Review closing statement from escrow
- Meet with escrow to sign loan documents
- Arrange to wire the down payment and closing cost
- Transfer utilities to the new location
- Closing, key delivery, and celebration
Working Together Again
- Staying in touch
- Second homes and investment properties
- Providing resources and introductions
- Referrals, testimonials, and reviews
