new home does not need to be an overwhelming experience. Here are the simple
steps to acquiring your new home. 1. Pre approval – Even before your search starts it’s
important to work with a lender to obtain finance pre-approval. This allows you
to know if you are qualified to buy a home and how much you are going to be
allowed to borrow. There is nothing worse than finding the home of your dreams
and not being able to purchase. Pre approval will allow you to know your
monthly payment and this allows you to make sure that payment will work with
your budget. 2. Offer – Once we help you
find your dream home it’s time to make an offer. When making an offer you have
a couple things to consider. How long the property has been on the market, the
condition of the property, taxes and insurance, neighborhood amenities and school
ratings. All of these can have an effect on what you are willing to pay.
Secondly, you have to think about the terms of your offer. Will you ask for
closing cost? How much earnest money should you include? What is your down
payment going to be? Also, this would be where we include any special requests,
like the conveyance of the refrigerator or washer and dryer. You are not alone.
We are here to help to provide information that will assist you in your
decision. 3. Negotiations – negotiations are not for everyone and
they can be a trying time when you have found the home of your dreams. That’s
why our experience and skill can help you navigate this step. Things that often are negotiated after an
offer has been made are: Closing cost, time frame for closing and purchase
price. Be prepared for a counter offer, if you are not making a full price
offer. 4. Congratulations- Once all parties
have agreed to the terms of the contract, and signed to acknowledge the
agreement, you are officially under contract. You, your lender, and the closing
attorney will all receive a copy in order to continue with the steps towards
closing. 5. Inspections – Are important steps in the process and
you should plan to pay out of pocket for a home inspection and pest inspection.
Together these inspections can cost between $400 and $500. A home inspection
professional will be able to evaluate the property and provide insight into
potential problem areas. They will look for and evaluate all the systems of a
home and make sure that everything is operating or performing as it should. A
pest inspector will look for bug or rodent infestations and termite damage that
might not be noticeable to the naked eye. By identifying potential unforeseen
issues they help make sure that you don’t get any surprises after you move in.
The Home inspector will produce a detailed report of their finding allowing you,
as the purchaser, to see exactly what the issues are. You are not required to
be present for either inspection. We will assist in scheduling and attending
these inspections so that you don’t have to take time off work. 6. Request for repairs – Once the
inspections are complete a list of repairs will be generated. This list can be
short or long. It all depends on what the inspections uncovered and what you,
as the purchaser, are going to request the seller to repair. Be prepared for
some more negotiations. Sellers are not always willing to make repairs. It’s
important to have your list of priorities for the repairs, and to know what you
are willing to live with and without. 7. Lender follow-up – Now that the list of repairs is under
way it is time to follow up with your lender. Make sure that any final documents
are signed and that they have all of the necessary paperwork from you. 8. Final Walk – At this step you will walk the home
and verify that all the negotiated repairs have been made and are complete. This
is usually done anywhere from a day to a few hours prior to closing. 9. Closing – Closing will take place at a real
estate attorney’s office. All of the final closing documents will be forwarded
to the attorney’s office for signatures. A good closing attorney will review
and discuss each document with the purchaser. This process can take anywhere
from 45 minutes to 2 hours. Let us at Huntsville A-team help you
navigate buying your new home. Our staff, and years of expertise, will help to
make it a fun, exciting and stress free experience. Visit us at
Author:Allison Chappell Phone: 256-529-8860 Dated: April 14th 2014 Views: 3,746 About Allison: Military Relocation Specialist
In my experience as a Huntsville real estate professional, I've found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.
This client firstphilosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. Combining a customer service approach with the latest technology tools helps to extend the range of services I provide to my clients.
I was born and raised in North Alabama which enables me to offer you the local perspective that will benefit you in your new home experience. It's not the same everywhere, so you need someone you can trust for up-to-date information.
With 2015 coming to an end many are staring to make their predictions
"Being a first time home buyer I did not know what to expect. Micah made this process as easy as possible with quick email correspondence and showed many quite a few properties until I settled on the one I purchased. The signing of all offer documents was very easy using electronic signatures and using the recommended lender made closing just as effortless. I would go through him again if I purchase another home."