Jennifer's Home Buying Process is a systematic approach to finding and purchasing your next home.
The Home Buying Process is intended to help you, the buyer:
- Determine your housing price range
- Locate the home of your choice
- Negotiate affordable price and terms
- Handle closing to your best advantage... and more.
You are the Key
The purchase of a home is likely to be the largest single financial transaction you'll ever make - and certainly the most important. We'll start with you and your family. We'll talk about the reasoning behind your decision to move as well as your needs and wants. Understanding "your priorities" will help us match your family and life-style to a neighborhood and home that are perfect for you.
Your Financial Considerations.
A preliminary look at your income, assets, liabilities, and anticipated housing costs will allow us to help you determine a realistic price range for your new home. Jennifer will show you some variations on financing your new home to help you get the best plan for your current and future income and equity. Jennifer will walk you through the entire prequalification process.
Establish your Buying Power.
The information you provide to qualify for mortgage financing will be kept in the strictest confidence.
Market Education: Let's Look at Houses!
Jennifer will introduce you to a selection of homes that meet your housing requirements and style preferences - and weed out countless houses that simply don't "meet your needs" Throughout your home-finding process, she will keep in touch. You'll be contacted as often as needed about homes that are new on the market as well as homes that have had price adjustments.
The Work Begins.
Once you've selected the home you'd like to buy, Jennifer can help you handle the "red tape" aspects of the transaction so that once everything is said and done, everything really is said and done.
Prepare an Offer.
Once you and Jennifer have found the perfect home, she will assist you in structuring an effective offer. Seller motivation plays a key role in this. A Purchase Agreement will be written and an "earnest money" deposit check will be necessary; these funds are to be held in the Coldwell Banker United, Realtors' trust account until the acceptance of the offer and escrow is officially opened.
Presentation of the Offer.
The offer is presented by Jennifer to the seller or the seller's designated real estate professional. At this time the seller may either accept the offer you have submitted, counter your offer or reject it altogether. Whatever the seller's response, Jennifer will know how to best proceed and will advise you on all aspects of the negotiation.
Opening the Escrow.
After the Purchase Agreement is signed and accepted by all parties, the ratified contract along with any counter offers and/or addendums shall be delivered to your attorney and lender to begin processing.
The Contingency Period.
During this time, procuring your loan, performing the necessary inspections and removing any other contingencies which your purchase requires is done. Some examples of contingencies are the Preliminary Title Search Report, physical property inspections, and loan approval including an appraisal.
The Closing of Escrow.
When all of the obligations of the Purchase Contract have been met, you will be able to sign your loan documents and closing papers. The final funds needed to close escrow will be required by your attorney in the form of Cashier's check or money order a few days prior to actual closing. The property Deed will then be recorded at the Recorder's office and your new home will be ready for you to move in.
Jennifer Finger will answer all of your questions - and help you understand your options. She will review all of the closing documents with you - and will be present at closing to help you make a final inspection of the property to be sure that everything is as you saw it when you agreed to purchase the home. From beginning to end, your Coldwell Banker United sales associate will be there to help you achieve your real estate goals.
