Nevada City Virtual Tour

Monday, April 2, 2012

Home Buyers Simple Guide to The Process of Buying without Stress

Step-by-Step Guide to Buying

1. Select a Realtor & establish a relationship:
We are full time, professional Realtors with extensive market knowledge. We will work closely together to find the right home.


2. Have an initial consultation to evaluate your needs and resourcesOnce we establish your needs, we will provide guidance to financial institutions where you can obtain information in order to get the best financing available. We will meet to discuss your needs and analyze your resources.

3. Identify property to buy:
We will show you homes based on the criteria that we establish. The more precise and direct you are with me, the more successful your search will be.


4. Determine seller's motivation:
Once you have found the home that you wish to purchase, we will do all the necessary research to help you structure an effective offer.


5. Write offer to purchase:
We will draft the Purchase Agreement for you, advising you on protective contingencies, customary practices, and local regulations. At this time you will need to provide an "earnest money" deposit, you will be credited this earnest money deposit at close of escrow. (This deposit will be held in escrow after your offer has been accepted by the seller.)


6. Present the offer:We will present your offer to the seller and the seller's agent. The seller has three options: they can accept your offer, counter your offer, or reject your offer. Our personal knowledge of your needs and qualifications will enable us to represent you in the best way possible.

7. Review seller's response:
We will review the seller's response with you. Our negotiating skills and knowledge will benefit you in reaching a final agreement.


8. Open escrow:
When the Purchase Agreement is accepted and signed by all parties, we will open escrow for you. At this time your earnest money will be deposited. The escrow, or title company will receive, hold, and disburse all funds associated with your transaction.


9. Review contingency period:
This is the time allowed per your Purchase Agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject.
Typical contingencies include:

  • Approval of the seller's Property Disclosure Statement
  • Approval of the Preliminary Title Report
  • Loan approval, including an appraisal of the property
  • Whole house inspection
  • Pest inspection and certification
  • Septic & Well if private well and septic system
  • Any other requested inspections
10. Coordinate homeowner's Insurance:
I can help coordinate between your Insurance Agent and the Title Officer to make sure your policy is in effect at close of escrow.


11. Pay down payment funds:You will need a Cashier's Check or money transfer several days prior to the closing date of escrow.

12. Close Escrow:
When all of the conditions of the Purchase Agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow and your lender will deposit the balance of the purchase price. The Deed will then be recorded at the County Recorder's office and you will take ownership of your home.


YAY! Done.

Please visit http://www.callgarytoday.com/ and see why Gary Tippner is different.



Gary Tippner is Short Sale and Foreclosure Resource Certified.


Call 1-877-311-GARY
"Eight Seven Seven Three Eleven... Gary"
http://www.callgarytoday.com

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