Buyers have a lot of questions so don't worry that you may not be familiar with the process. You have a team of professionals - your real estate agent, lender, inspector and closing attorney who will guide you step by step. If you have questions that aren't listed below, contact us and we'll get back to you right away
I'm sure you have questions and thoughts about the real estate process. I'd love to talk with you about what you've read here and help you on the path to buying your home.
Get pre-approved. If you spend time looking for homes you will not be able to afford you will be set up for disappointment. Be very careful not to purchase a big ticket item before closing. You could kill the deal.
The timeline for buying a home is different from person to person. There are factors of your personal schedule, what's available and the amount of time looking. Don't get discouraged. The right one will come along.
Determine a fair asking price starting with the comps. We will compare the location, updates, and condition of the property to other homes that have been recently sold. HR will write up the offer and deliver.
The Seller pays the Listing agent their fee and the Listing agent then shares that fee with the Selling agent. These fees are deducted from the Seller's side at closing unless the contract states something different.
An inspector will cover features of the house such as electrical wiring, plumbing, roofing, insulation, as well as structural features of the home and may unveil issues that are not noticeable.
A buyer should be in regular contact with their lender who can give advice on the mortgage process as well as the closing attorney. But it seems that 30 is the lucky number lately.
If you have not included the earnest money with the offer, you will generally have 1 - 3 days (depending on what was specified in the offer) to provide proof that it has been received.
Get this done as quickly as possible. You only have a short time to get an inspector in the home, determine what you need to have taken care of, and to negotiate with the Seller to provide a reduction in price, repairs, increased seller contributions, etc.
Your lender may request additional documents to be provided as they work to process your mortgage loan. You most probably have a financing contingency of around 21 days.
Arrange for adequate insurance and provide the declaration page to your lender and the closing attorney.
Follow Brenda Hamstead Online
3343 Peachtree Rd. Ste. 145-637 Atlanta, GA .30326
Hamstead Realty strictly adheres to all Fair Housing Laws and is licensed through the Georgia Real Estate Commission.
Copyright © 2017 Hamstead Realty - All Rights Reserved.
Hamstead Realty, DBA of Wynd Realty 404.933.4017