When embarking on the journey of purchasing a home, you'll encounter a multitude of decisions to navigate. How much should you spend? What level of ongoing expenses for maintenance, taxes, and enhancements are feasible for you? Does the allure of a finished basement outweigh the importance of a fourth bedroom? Does the location fulfill all your family's requirements?
Take the time to outline your desires and then assess your financial situation to ensure alignment with your plans. Expect these expectations and goals to evolve as you progress through the home search process and gain further insight into the current real estate landscape.
Consulting with our team is invaluable. We'll assist you in preparing for the buying process, including facilitating your pre-approval, adjusting your home search criteria as necessary, and addressing any inquiries you may have along the way.
Securing your pre-approval before actively viewing homes offers significant advantages as a buyer. Not only does it position you as a committed buyer in today's competitive market, but it also allows you to determine not just your purchasing price range, but also your potential monthly payments, factoring in taxes and association fees.
We will set up a customized home search tailored to your specific requirements. Your agent will consistently monitor this information and adjust the criteria as your individual needs evolve throughout your search. They will assist in gathering additional information on properties that pique your interest, such as tax details, association regulations, and details about agents or major mechanicals.
As you begin visiting potential homes, maintain an open and honest dialogue with your agent to ensure they can best assist you in meeting your needs. Developing a personal understanding of what matters most to you and your family enables your agent to deliver maximum value.
Once you've discovered a property that feels like home, you're prepared to make an offer.
Your agent from The Sarah Leonard Team will thoroughly review the property and market details with you to present the appropriate offer. The offer contract may encompass elements such as the purchase price, earnest money amounts, loan specifications, and your preferred closing date. Your agent will act as your expert in contractual matters and continue to engage in negotiations until an agreement is reached. Additionally, you'll need to provide an up-to-date pre-approval letter to demonstrate your ability to proceed with the deal.
While your agent will explain the terms, it's essential to personally review all contracts and acquaint yourself with any modifications made to the offer. Upon acceptance of your offer, you'll be on the path to homeownership, with your agent guiding you through every step, from delivering earnest money to inspections and through to closing. You'll also collaborate with a real estate attorney, who will oversee the contract, address inspection items, handle any arising requests, and assist in all documentation required for a successful closing
Before the closing, your agent will accompany you on a final walkthrough of your prospective new home. Together, you'll take the time to ensure that your soon-to-be residence meets your expectations in terms of condition and that all appliances and fixtures included in the purchase agreement are present.
At the closing table, you can expect a mix of individuals, including the seller, buyer's agent, seller's agent, buyer's attorney, seller's attorney, and possibly representatives from the title company and mortgage loan officer.
Once all necessary paperwork and loan processing, if applicable, are finalized, you'll be ready to head to your new home!
