3. House Hunting!
This is the FUN part! However, before we go out, you will let us know what areas you’re most interested in as well as your budget that you’re comfortable with. Then, we will make a plan to go out and look at the homes that meet your budget and home criteria. When you find the home of your dreams, we will submit
an offer and negotiations begin.
5. Earnest Money
Once we are under contract, it is time to send the Earnest
Money to the seller’s title company. This can be done by wire transfer or a check (depends on the title company). Earnest money can range depending on the price of the home but it’s typically between $1,000 and $5,000. This amount can be negotiated
if need be. The Earnest Money does go towards the price of the home so you can put it towards your loan or you can get it back at closing. Most clients do put it towards their home however. The purpose of this is to ensure the sellers that you are committed to
this purchase and it protects them in case the buyer terminates past a contract deadline. The buyer may also get their money back if the seller terminates for any reason or if the contract is terminated before a specific deadline (more to come on that).
7. Getting Ready for Closing!
While we are handling negotiations and contracts and making sure deadlines are met, your only job is to send the lender the required
items they need to process your loan in a timely matter.
9. It’s Closing Day!
On the day of closing, you will arrive at the title company and present your identification. If you need to bring any money to the closing table, that will be done via certified check made out to the title company. The closing table usually involves both buyers and sellers, but sometimes if they sellers already left the area,
they will do a mail out closing in which they will sign the paperwork in a different location. Either way, you will sign all the documents that the title company presents. It definitely looks like they destroyed a whole forest, but it isn’t too scary, we promise! Just
have your signing hand ready to go. After the docs are signed, you are officially a homeowner!!! You will get the keys to the home and be able to start your journey as homeowners.