Buying A Home
Buying a home can be an overwhelming process. From financing to negotiating to closing, there are a lot of moving pieces that can leave home buyers bewildered.
Your real estate broker can help guide you through each step of the buying process, offering sound advice along the way. By working with a professional broker who has extensive experience in the real estate industry, you’ll not only end up with a great home, but you’ll also walk away with a great experience.
Here are some of the key areas that your broker can help you with:
Getting Pre-Approved by a lender
By providing your real estate broker with some basic information about your income, savings, debt and FICO credit scores, he or she can assist you in getting Pre-Approved by a reputable lender. The lender will then go over your financing options, what monthly payment amount you can afford, and what you can expect for down payment requirements and closing costs.
Choosing a Home
For most buyers, choosing a home is an emotional process. Your broker can assist you in this process by offering objective information about each property you look at. From local community information like schools and zoning to home-specific details like condition and amenities, your broker can help you find exactly what you’re looking for.
Making an Purchase Offer
Once you’ve found the home of your dreams, your broker will research recent comparable sales of similar homes in the area to help you determine a fair purchase offer price. Based on those comparable sales, as well as other factors like condition of home, amenities and the current real estate market, your broker will then help you structure a purchase offer and negotiate to get you the very best deal possible.
Closing Escrow
Closing escrow can be a complicated process. In some areas, the escrow or title company handles the closing process, while in other areas an attorney handles it. Regardless of where you’re buying, your real estate broker can help ensure that everything goes smoothly.
