You’re excited and perhaps even a little apprehensive.
It’s time to purchase a home... maybe for the first
time or maybe for the fourth time. You need information, and
lots of it. Information on market conditions, financing, schools,
neighborhoods and home inspections. Where does the process
begin? The choice of a realty firm and a professional residential
specialist will provide you the information and support you
require now and throughout the transaction and continue forward
through the years to come. Roy Wheeler Realty Co. is the firm
of choice. The high caliber of our Agents makes this decision
an easy one and a sound choice as well. You and your Agent
can now proceed with all the steps that follow:
Discuss financial aspects and needs
You and your Agent will determine the price range of homes
that will fulfill your requirements. In many cases your Agent
can recommend local lending institutions which offer "pre-qualification"
letters. This means that through a review of your own particular
financial goals the mortgage company will issue a letter indicating
the approximate loan amount that you will qualify for. Armed
with such documentation you and your Agent can best negotiate
the offer on your "dream house"... the seller knows
you are serious and will be more inclined to consider the
offer your Agent presents vs. that of a less qualified purchaser.
Some prospective buyers may not think themselves likely home
owners due to any number of financial considerations. Your
Agent may be able to help. Take advantage of their resources.
They know the lending institutions and the many varied programs
offered, one of which may be just right for you.
Inspect homes that meet your needs
You may know exactly the home you’re looking for in
exactly the neighborhood you’ve decided on... but more
often than not prospective purchasers want to examine current
real estate market conditions in a variety of different communities.
Your Agent can provide you with up-to-the- minute information
and review a large variety of properties with you even before
you "take to the roads".
Select the home
Your Agent found "IT". The perfect home, the right
location... everything. It’s time to begin the paperwork.
Your Agent will write the offer along with any contingencies
involved (such as a home inspection or water test, if appropriate).
The Agent now presents the offer through the selling Realtor.
There may, or may not be further negotiating until your offer
is accepted. Your Agent will be working with you throughout
Your Agent will be working for you as the home inspection
is completed, water, septic and termite certifications are
obtained and any other contingencies are met. All this information
can become confusing, your Agent is there to give you all
necessary explanations and follow through with the required
It is at this stage of the transaction that the purchaser
makes their mortgage application. The lender orders a credit
report. Your Agent will arrange for the lender’s appraiser
to gain access to the property. Upon receipt of the appraisal
the lender will make their final determination on the loan
application and issue a letter of commitment for the mortgage.
The buyer’s attorney or title company will
order a title search and a survey of the property.
You’re on the "home stretch". Upon receipt
of the title report and survey a closing will be arranged
with you, the mortgage company and your attorney (or title
Your Agent will arrange a final walk-through of your
new home just prior to the closing. The buyer will
make sure the property is being delivered in the condition
that was promised by the seller.
It’s closing time
You will be signing many documents and writing a number of
checks. Your Agent will make sure that you are aware of all
the final costs prior to the closing and understand these
final steps in the purchase of your new home. And, finally,
the last step... you won’t be able to access your new
home without the keys. Congratulations!
Please feel free to contact your Agent with any questions
or problems that arise after the closing. They will be in
touch with you in the months that follow as well, and when
the need arises will consult with you on the sale and purchase
of your next new home.
Copyright 2007 - The Maupin Group - Roy Wheeler Realty Co.