First we must define your needs & wants in a new home. After that you must get pre-approved for a loan & set up a search to preview homes you are interested in. When you finally find that dream property, we submit & offer & negotiate a price you are comfortable with.
After the home is purchased you may elect to perform an inspection on the property. Your attorney will work up a contract for the new purchase, where matter such as closing date & financing will be disclosed. After the contract is signed, all the work that involves changing the title & owner of the home will be prepared. If the inspection shows anything that needs to be addressed, you can negotiate with the seller on closing costs or repair work.
First you submit a loan application where the lender will reveal in 3 days what the closing costs will be on the new purchase. Your lender will ask for a series of financial disclosures including bank statements & 2 years of tax returns. The lender will then render an approval decision stating its willingness to fund the mortgage. Next, an appraisal is done the property & home insurance is purchased & proof of purchase is submitted to the lender.
As part of the preparation for the closing process, an attorney or title company performs a title search to see if their are any liens on the property. After all searches are completed & cleared, a final closing date is finalized. A final figure is calculated for how much should be presented on the day of closing (cashier's check or bank wiring). A final walkthrough will be done on the property to ensure it was in the final condition as when the process began. At closing you will sign all documents & pay the remaining fund's on your down payment. Finally, you move in & enjoy your new home!
If you're interested in buying or selling a property, please reach out below. We aim to respond in one business day