The Buying Process
Want to make the best property purchase? We got your back!
First Create An Offer!
Before crafting your purchase offer, it’s essential to have your finances in order. Being pre-qualified—or even better, pre-approved—by a lender is key unless you’re making a cash purchase.
A pre-approval letter is a game-changer. It demonstrates to sellers that you’re serious and financially ready to close the deal. Once you’ve found the perfect property, you’ll work on preparing a strong, competitive offer to make it yours.
Buying a home is exciting, but how can you make the best offer?
1: Choose your home
After viewing homes, you find the one. This is the house you can see yourself living in, and it’s time to take action.
2: Property Analysis
Did you know that 43% of homebuyers regret overpaying for a property? That’s why our team conducts a comprehensive analysis to determine the best offer for the home, based on market trends, comparable sales, and the property’s condition. This ensures your offer is competitive and realistic.
3: Crafting a Winning Offer Letter
A well-written offer letter isn’t just paperwork—it’s your ticket to standing out. We help you create a compelling letter tailored to catch the seller’s attention and submit it on your behalf.
4: The Seller’s Response
Sellers typically respond in one of three ways:
Offer Accepted: Once both parties sign, you’re officially under contract!
Counteroffer: Negotiate terms, submit a revised offer, or decide to walk away.
Offer Rejected: Revise your offer or move on to another property.
Let’s say the offer is accepted; what’s next?
Once the seller accepts your offer, the next phase begins: securing your deal and finalizing the transaction. A down payment, typically 1% of the purchase price, is required to secure the agreement.
This deposit is held by an attorney or settlement company and applied to your final purchase. The standard closing period is around 30 days, during which all contingencies and contract obligations must be completed to ensure a smooth and successful closing.
What’s included in the contract?
Every contract is unique, but most include these critical components:
- Inspection Contingency: A home inspection ensures the property is in good condition. If repairs are needed, we’ll help you negotiate—or even cancel the contract if necessary.
- Financing Contingency: Even with a pre-approval, final funding must be secured within a specified period. This highlights the importance of being pre-approved before starting your home search.
- Clear Title: The seller must provide a marketable title free of disputes. We’ll ensure compliance with all local and state ordinances for a smooth transfer.
- Homeowner’s Insurance: Many lenders require proof of insurance before closing. Applying early ensures no delays in the process.
