THE HOME BUYING PROCESS – WHAT YOU CAN EXPECT FROM JANINE
HERE ARE THE MAJOR STEPS INVOLVED WITH BUYING A HOME
- OBTAINING A MORTGAGE PRE-QUALIFICATION LETTER FROM A LENDER
- PROVIDING JANINE WITH A 2 PAGE BUYER’S FINANCIAL INFORMATION FORM (BFI)
- SEARCHING FOR A HOME TO BUY AND TOURING HOMES WITH JANINE
- SUBMITTING AND NEGOTIATING AN OFFER – SUCCESSFULLY
- SENDING THE SELLER’S BROKER AN INITIAL DEPOSIT -LESS THAN 1% OF PURCHASE PRICE
- FORMALLY APPLYING FOR A MORTGAGE & ORDERING AN APPRAISAL
- INSPECTING THE HOME – BY A CERTIFIED HOME INSPECTOR & LOCAL MUNICIPALITY
- NEGOTIATING ANY INSPECTION ISSUES & ADJUSTING THE PRICE IF APPROPRIATE
- SENDING THE SELLER’S AGENT A 2ND DEPOSIT – ABOUT 2% TO 3% OF PURCHASE PRICE
- USING A TITLE COMPANY TO INSURE YOUR PURCHASE FROM TITLE DEFECTS
- OBTAINING THE RESULTS OF THE HOME APPRAISAL – NEGOTIATING CHANGES IF ANY
- OBTAINING “HOME OWNERS ASSOCIATION” DOCUMENTS IF THERE IS AN HOA
- OBTAINING HOME INSURANCE
- CONDUCTING A FINAL WALKTHROUGH, A DAY OR TWO BEFORE SETTLEMENT
- ATTENDING A FINAL SETTLEMENT MEETING AT THE TITLE COMPANY-CAN BE REMOTE
HERE IS WHAT YOU CAN EXPECT FROM JANINE
- I WILL COMMUNICATE WITH THE SELLER’S AGENT REGARDING ALL ISSUES BETWEEN YOU AND THE SELLER. THE BUYER & SELLER DO NOT COMMUNICATE OR EVEN MEET BEFORE SETTLLEMENT
- I WILL EXPLAIN THE IMPORTANT LEGAL TERMS OF THE AGREEMENTS OF SALE
- I WILL IDENTIFY, COMMUNICATE WITH AND COORDINATE ISSUES WITH THE
- LENDER
- SELLER’S AGENT
- TITLE COMPANY
- HOME INSPECTION COMPANY
- HOME INSURANCE COMPANY
- I WILL MAKE SURE YOU MEET ALL LEGAL DEADLINES WITH ALL PARTIES
- I WILL COORDINATE ALL SETTLEMENT ISSUES WHEN YOU “CLOSE”
- I WILL SUPPORT YOU FOR TWO YEARS IF ANY LEGAL ISSUES ARISE AFTER SETTLEMENT. THE BUYER & SELLER HAVE TWO YEARS TO INITIATE LEGAL ACTIONS IF THEY FEEL THEY HAVE BEEN LEGALLY INJURED.
PLEASE CALL OR EMAIL JANINE WITH QUESTIONS
610-608-4452 – Janine.mcveigh@gmail.com