Our team of professionals works with you as the buyer to find you the perfect property.
- We negotiate for you as the buyer to get the best possible price and guide you through the escrow process to make your transaction as smooth as possible.
- Our Buyer’s coordinator will pinpoint your specific criteria, “listen to your needs”, set up your search criteria, set a strategy to find you the right property and send you properties via computer when they come on the market so you can preview these properties from the comfort of your home. Send us your information and we can set up a customized search for you today!
- We set up personal website for all properties that may be of interest to you. You can sort them by favorites, possibilities and rejects; and you can make notes for us. The site makes it easy for you to organize your property search and inform us of what you like so that you will not waste time viewing those that do not interest you.
- When working with us you can stop calling ads and for sale signs. We suggest you write down addresses and call or e-mail them to us and we will let you know if they are available. (Please Note: Ads are created to make the phone ring! Remember that person writing the ad is representing the seller and not you! The most important thing you can do is have someone on your side.
- Did you know that many properties are sold WITHOUT A SIGN ever going up or an ad ever being put in the paper? These GREAT DEALS go to those people who are committed to working with an agent. When we hear of a great buy, who do you think we are going to call? You, our client, who we have an obligation to work hard for. Plus, your personalized website will let you know of Brand New Listings, Price Reductions or Properties that are back on the market so that you can get to them first.
- Mortgage pre-qualification, Financial advice – we have great connections to Mortgage Companies and a Certified Public Accountant which we believe provides our clients with the expertise needed to guide you in making wise Real Estate Investments.
Before beginning your home search, make sure that you can afford the home and are in a position to buy. Talk to a mortgage broker or lender to determine what you can afford. The lender will ask you for information regarding your income, expenses and obligations to arrive at your maximum loan limit. Use the calculator on this page for a quick and immediate estimate. The next step if to find an experienced, professional real estate agent.
Closing costs are costs that are incurred when you transfer the title of a house. Both the seller and buyer have their own set of closing costs. For the seller these fees can include title recording and title insurance . For the buyer these fees can include an appraisal, credit report, title recording, title insurance, loan discount points, and prepaid items such as property taxes, homeowner’s insurance and HOA dues.
Typical closing costs can vary between 3% to 5% depending on where you live and your lender.
Points are the fees that you pay on a new mortgage in order to receive a lower interest rate. They are optional and offer you the opportunity to lock in a lower rate. One point equals 1% of the mortgage amount. Points can be paid for with cash at the time of closing or they can be rolled into your mortgage and financed through the life of your loan.
The amount of down payment that is required at the close of escrow depends on the type of financing you are using and your credit profile. FHA typically requires 3.5% while VA loans have programs for zero money down. Conventional loans have down payment requirements of 5-20%. There are state and community sponsored programs that provide loans or grants for first time home buyers that go toward the your down payment.
If you are getting a new mortgage on the house then yes you will need to have an appraisal done. The lender who is issuing your mortgage will want to know the market value of the house that you are buying and an appraisal is the tool that is used to determine market value. An appraisal usually costs between $300-$450 and many lenders will ask for this cost to be paid before the appraisal is completed.
In most states having a home inspection done on the house is not a requirement however the lender may require that the house be inspected for termites. We do suggest to all our clients that they have a home inspection with a licensed inspector done so that they know the condition of the house they are buying. The last thing a new home buyer wants is an AC unit that dies two months after they’ve moved in or foundation crack that would have only be found by the inspector.
A home warranty is an optional insurance plan taken out at the time of close of escrow that protects against unexpected repairs. The minimum time that a home warranty can be purchase for is at least 1 years but can be purchased for multiple years.
Earnest money is the cash that you put into escrow after the seller accepts your offer. Earnest money is usually a small amount of money is held at the title company in good faith throughout the life of the transaction. It helps to reassure the seller that you are intent on purchasing their home.
Title insurance is an insurance that is paid for by a homeowner during the selling process that is deducted from any proceeds of selling the house. Title insurance is managed by the title company who is managing the selling transaction and warranties that the title to the property is free from any liens or blemishes that would cause a problem with a transfer of title. Many title companies and mortgage companies will not participate in selling a property with title insurance.