The Buyers Blueprint
Looking to Purchase a Home or investment property?
If you’re wondering what the process is, or where to get started, wonder no more! This guide will walk you step by step through the blueprint.
Preapproval.
-The first step is Preapproval. There are “prerequisites to the preapproval,” click here.
Getting preapproved is essentially securing funding for your purchase if you’re not making the purchase in cash.
Find a realtor you can trust. Your realtor will learn your timelines needs and wants and have your best interest in mind. You should create a wish list of the things that you need to have in your new place, and possibly things you’d like to change about your old.
ShowTime! Showtime means touring houses. This stage is dedicated to actively looking for your dream home! Checking out Open Houses, touring homes and/or properties with your real estate plug.
- The Takeover.
- In this step we will be making an offer on the property we found. Inside the offer are two important parts of the purchase, terms and conditions. Part of the conditions are usually contingencies. Appraisal, (ordered by your lender if you have one) Physical Contingency( says that you are accepting the property in the current condition) Loan contingency, put in place to ensure that you and the lender have agreed on the terms of your loan.
- Once the offer has been accepted we are now in contract and we can continue our due diligence.
Completing inspections, Physical – Home, Pest & Roof, Any other inspection that you or your plug see fit .Appraisal
After Inspections have been completed and the appraisal comes back, if you’re happy with whats been found or not been found you can now negotiate and have just cause if something (un)expected has popped up.
You will have documents to sign throughout the buying process, but in this step were nearing the top of documents mountain.
Now that all your documents have been signed, its time to close.
Keys Open Doors!