Page 9 - Real_Estate_Book_Karen_Carey

3. FINALLY! The search for your new home begins.
a. Have a conversation with your Realtor® about your wants and
needs in a home, your intended time frame, your current living
situation, and any future life-changing events you anticipate.
b. Check our website and choose the homes you want to visit.
c. Visit homes with your Realtor® so they can offer advice and
guidance.
d. Find the home that suits you best and move forward with your
purchase.

4. When you are ready to make an offer you will need 2 things:
a. That pre-approval letter from your lender.
b. Earnest Money Deposit of 1.5-3% of the offer price. Remember
your offer, if accepted, is a BINDING CONTRACT. You are
showing the seller that you are serious by offering the Earnest
Money Deposit up front. Sellers need to feel comfortable with
taking your offer because they are required to stop marketing the

home during your contract period. Your deposit is accounted for at
settlement, so don’t worry that you are paying anything above the
agreed purchase price.

5. Negotiate any counter offers from the seller until everyone is comfortable
and happy and the sales agreement is signed.
Believe it or not, you are now only part of the way through the home buying process. During your contract (escrow)
period for the next 45 to 60 days (or longer) your agent will be working hard to manage all of the players involved
Believe it or not, you are now only part of the way through the home buying
in your home purchase transaction. These include your lender with their loan processors and underwriters, the title
process. During your contract (escrow) period for the next 45 to 60 days (or
company, the sellers and their agent, any home inspectors, appraisers, surveyors, insurance companies, etc. It is
longer) your agent will be working hard to manage all of the players involved
only when everything has been completed that settlement occurs, and you receive the keys to your new home.
in your home purchase transaction. These include your lender with their loan
processors and underwriters, the title company, the sellers and their agent, any
home inspectors, appraisers, surveyors, insurance companies, etc. It is only
when everything has been completed that settlement occurs, and you receive the
keys to your new home.

Call Karen - 225-284-6966