Step One: Talk to a Lender The first thing you should do before you look at houses is to talk to a good lender. A good lender can make all the difference in your home buying experience. Here are a couple I highly recommend.
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Melanie Aird James Roberts
Office: 801-724-7215 Office: 801-764-0111
Cell: 801-368-4420 Cell: 801-420-1042
Email: [email protected] Email: [email protected]
A good lender will help you answer important questions, like...
What is your credit score?
How much home can you comfortably afford?
What kind of loan is best for you and your circumstance?
You will then want to get a pre-approval letter, that way, when you're ready to make an offer, it will make the sale go much faster and your offer will be more likely accepted.
You are now ready for Step 2
Step Two: Talk to a Realtor
Make a list of the things you need to have in the house. Ask yourself how many bedrooms and bathrooms you'll need. Do you need a big yard for your kids and/or pets to play in? How big of a garage do you need.
Once you've made a list of your must-have's, don't forget to think about what kind of neighborhood you want, types of schools in the area, the length of commute to and from work, and the convenience of local shopping.
Then call The Randy Jones team for a free, no-obligation consultation. One of our buyer specialists who will show you on the computer everything that is available in the market that has all your must-have's. We will then eliminate all the homes that you don't like and quickly narrow the list down to your favorite 4 or 5. In 30 minutes we can save you days, weeks and months of endless driving around neighborhoods and searching on your own, you will have a professional representing you to make sure you get the most home for your money ... and it's FREE!
Step Three: Preview Homes
This is where the fun begins. Remember, your 4 or 5 favorite homes will be will be a dozen other's 4 or 5 favorites, and know that the good ones go fast. If you find a home you like, do not hesitate to make an offer, or it may be gone.
Step Four: Make an offer
In this market your offer may not be the only offer on your favorite home. This is where you will want to take advantage of your Buyers Specialist's expertise. We know how to negotiate offers to get you the most home for your money, and some times it is a matter of knowing how to present your offer in such a way that it is accepted over other offers.
Once your home is accepted you will write a check for the Earnest Money to Keller Williams Westfiled which we hold in our trust account until closing. At that time the Title company and the lender and my team will go to work to get all the paperwork ready for closing and meet certain deadlines (See below). You will have two to three weeks to due your due diligence and to have an appraisal time. We recommend you hire a professional home inspector to do a thorough inspection (See below). Up until the due diligence deadline and the Financing and Appraisal deadline, If you find any serious problems with your home, or if your financing is not satisfactory you may withdraw your offer and receive your earnest money back.
Inspectors
Bryan Kirkham Jared Fenn
National Property Inspectors Pillar to Post
801-694-3686 801-318-4343
Step 5: Move In!Contratulations on the purchase of your home!
IMPORTANT DEADLINES
- Seller disclosures - (usually 7 days after acceptance of offer): This is a 7 page document where the seller discloses any major issues they are aware with the home and what repairs or remedies were made, if any.
- Due diligence - (usually 14 days after acceptance of offer): I will give you a ful list of items to consider when doing your due diligence, including having a home inspection. They typically cost around $350 depending on the size of the home. You will receive an extensive in-depth report within a day or two.
- Appraisal/Financing - (usually within 21 to 25 days): The lender will be asking you for documentation throughout the process. I will be in constant contact with the lender from day 1 through the close. Once the inspection is complete your lender will order an appraisal.
- Settlement - (usually within 30 to 45 days):
- Closing - The Title company will schedule a closing time and date with you where you will meet with the Title Company and your Realtor to sign all the documents. Make sure you bring 2 forms of identification. The title company will explain your loan and answer any questions you may have.
- Funding - Once the documents are signed, the loan will be funded and recorded. This can take anywhere from a few hours to a few days.
- KEYS - Once the loan is funded and records, you get the keys to your new home!!!
