When purchasing a home, make sure that you are represented by an agent who will protect your interests. Having earned the Accredited Buyer's Representative (ABR)designation, I have the proven skills and knowledge to manage the purchase of your home as the major business transaction that it is.
Most likely buying a home is the largest investment you will ever make. So whether you're buying a starter home, your dream home or an investment property, why not take advantage of my experience as a local market expert to make the most informed decisions you can, every step of the way?
Steps to Purchasing a Home
Finding a community that fits your lifestyle is paramount. A Client Profile will provide the necessary information to help determine what factors are most important - proximity to office/airport, schools, recreation, shopping, etc. Touring various communities and neighborhoods will narrow the options and ensure a comfortable fit. Community and neighborhood information is available in print and on-line to provide details regarding demographics, features and amenities.
A mortgage loan officer will pre-qualify you for a home loan, determining the price range of homes for the search. The next step will be to submit the necessary documentation for loan pre-approval which strengthens the buyer’s negotiation power.
The Needs and Desires Assessment will prioritize the features and amenities of the ideal home. Upfront analysis streamlines the search by eliminating homes that do not meet your criteria, effectively utilizing house-hunting time. Market knowledge and evaluation of the homes seen will be shared, including factors that may affect their value.
Using Comparative Market Analysis data and market knowledge, the best price and contract terms will be negotiated. This includes the preparation of the sales contract and related addendums.
In Texas, the buyer has the ability to purchase an Option Period. For a nominal Option Fee (typically $50 - $100), you will have a specific number of days (typically 7 – 10) to terminate the contract for any reason. This is typically used to have the property inspected. You then have the option to either move forward with the purchase, re-negotiate the contract for repairs or a lower sales price, or terminate the contract. If the contract is terminated, you forfeit the option fee. If you purchase the property, the option fee is credited at closing.
I will schedule and attend the inspection of the property. If you are unable to attend, a copy of the report will be emailed within 24 hours. If repairs are necessary, an amendment will be written to re-negotiate the contract terms.
I will be in constant communication with the Title Company and the Lender to ensure that the transaction goes smoothly. This includes arrangements for the Appraisal, Title Commitment, HOA Transfers, Survey, etc.
Final Walk Through
Prior to closing, an appointment will be made to visit the property to ensure the condition is acceptable and all negotiated repairs have been completed.
The closing will scheduled. I will attend to answer any questions or concerns you may have. The Settlement Statement will be requested 48 hours before closing for review to check for errors or omissions.
Homestead Exemption Filing
Once you have lived in your new home as of January 1st , you may file an application for a Homestead Exemption. This exemption reduces the amount of property tax. At the end of January, I will mail the necessary forms to you.