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Home Buying Process

 

A QUICK GUIDE TO THE PROCESS

1
CHOOSE THE RIGHT REAL ESTATE PROFESSIONAL
It is important to select a Realtor® who is knowledgeable, understands your goals, and gives thoughtful consideration to your needs. As your Realtor®, I will always keep your best interests in mind, and I will guide you throughout the entire homebuying process.
2
PRE-APPROVAL FOR A MORTGAGE
Knowing what you can afford is essential. If you require financing, a pre-approval letter is one of the most important steps to complete. This letter also serves as a supportive negotiating asset.
3
BUYER STRATEGY
NEEDS ANALYSIS
We will discuss your specific needs, preferences, and budget for a new home. This will allow me to tailor property searches based on your criteria.
4
CUSTOMIZED HOME SEARCH OF PROPERTIES
HOME TOURS
I will tailor a home search that reflects your requirements and preview the properties to confirm they meet your needs and preferences.
5
SELECT A HOME
PRESENT AN OFFER
You have selected your top choice. Now we will evaluate comparable properties so you can make an informed offer. Then I will finalize your purchase and sell agreement and your supporting documentation to ensure your offer is presented in the best manner to the seller’s agent.
6
NEGOTIATION OF CONTRACT TERMS
If a counteroffer is presented to you, we will work closely and responsively together. I will diligently negotiate on your behalf with the seller’s agent and make certain your counteroffer is well presented in order to reach a successful agreement.
7
SCHEDULE THE INSPECTION
This is your best opportunity to evaluate the home’s systems and structure. We will discuss the results, and you can decide how you wish to proceed. If repairs are needed, I will negotiate on your behalf to address those items of concern.
8
APPRAISAL & TITLE SEARCH
Your lender will order the appraisal, title search, and final loan documents. We will work together to make certain the final process proceeds as smoothly as possible.
9
CLOSING
Congratulations! This is the part where you sign your papers. From our first meeting to closing, I will guide you through the entire real estate transaction process so you can get settled into your new home.

 

THE PROCESS

  • BUYER CONSULTATION/NEEDS ANALYSIS
    In this step, we explore your specific needs, wants, and budget for your new home. Here are a few of the questions we will discuss to help me get a clear vision of your ideal outcome:

    • Which areas are you most interested in? Select three or more.
    • Consider your needs, nearby schools, and your lifestyle.
    • What are your must-haves? Prioritize these items from most important to least.
    • What are your deal-breakers?
    • What is your ideal style of home?

 

  • PRE-APPROVALIf you require financing for your new home, this is an important and necessary process that determines what you can afford and establishes your budget. Take the time to compare the best mortgage options for your needs and select a reputable lender as a partner in the process. In a competitive market, sellers typically want verification of a buyer’s pre-approval. Your pre-approval letter is necessary and a strong negotiating asset. You will want to be pre-approved before we start viewing homes.

FINDING YOUR DREAM HOME

  • LET’S START THE SEARCH
    I will research listings that match your specific needs and goals, and then I will preview the properties to confirm they meet your needs. This way, you won’t waste valuable time viewing homes that are not a good fit for you.

 

  • MAKING AN OFFER
    When you are ready to make an offer, I will walk you through the contract. It is important to present a reasonable offer, or you could run the risk of the seller not responding, or even losing the property to another buyer.

    • Write the Offer
    • Negotiate the Offer
    • Escrow Due Within 3 Business Days
    • Satisfy Any Remaining Contingencies

INSPECTIONS AND MORE

  • HOME INSPECTION
    If a pre-inspection was not previously done, the first step after mutual acceptance is to schedule a home inspection. This is your best opportunity to evaluate the home’s systems and structure. A home inspection is invaluable. You will have a specified number of days to complete the inspection after your offer has been accepted. Your home inspection report will outline any items deemed defective or problems that must be corrected. If repairs are needed, I will negotiate on your behalf to address those items of concern.

 

  • APPRAISAL & TITLE SEARCH
    An appraisal is an estimate of the property value. The appraisal is not only designed to support the lender’s investment but is also an effort to protect the buyer from overpaying on a property. Your lender will typically hire an appraiser and collect the fee at closing. The property title gives someone the right to own, possess, use, and control a property. When purchasing a home, you are buying the seller’s title to the home. Before closing, a title search is performed to ensure there are no liens or encumbrances that could prevent a clean title for you to close on the property.

CLOSING

  • CLOSING
    The closing process finalizes the purchase of your home.

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    Contact Katerina
    Sayles

    Katerina offers an unparalleled level of service to her clients, and she would love to be a resource for you. Whether you are buying, selling or investing; her level of professionalism and expertise will exceed your expectations and she will always help you achieve your goals.