What Do Buyers Actually Need? Part Two

Aug
20

What Do Buyers Actually Need? Part Two

The process of viewing homes can be tedious, depending upon the market and what you are looking for.

Occasionally buyers fall in love with the first house they view However, it is more common to view multiple homes over the course of a day, a weekend, or longer. To keep your search as concise as possible, patience and good communication with your real estate professional are required. In California, only one offer can be made at a time. With this in mind, time is of the essence.

Your choice of agent matters most when you find the right home and are ready to make an offer. Writing an offer is not just a matter of filling in the blanks and making sure they are correct. Your real estate agent should have a strategy with proven results for writing offers reflecting the current market conditions along with great presentation and negotiation skills. The market is constantly changing. A top-notch offer now might look different than it did two months ago.

Once your offer is accepted, your lender will order the appraisal (unless an appraisal is not necessary through your signed Purchase Agreement). Your real estate agent will schedule inspections (in accordance with the signed Purchase Agreement) and negotiate on your behalf.

Within 3 days of acceptance of your offer, you will be contacted by escrow to provide the initial deposit. During the escrow period, there will be disclosures to be completed.  Disclosures are legal documents. Real estate, escrow, and lending each have separate disclosures for signature. Your real estate agent or the agent’s transaction coordinator, along with your lender and escrow officer, will reach out to you and determine whether they can be electronically signed or if you must sign in person. 

Once all inspections and negotiations skills are completed, all entities will begin working behind the scenes to prepare you for closing. Your lender may ask you for updated documentation as escrow gets closer to the closing date. You will perform your Verification of Property Condition with your real estate agent 5 days prior to closing. The last steps will be to sign your closing documents, fund the loan and record the Grant Deed. Once recorded, the home is yours! Once you are given your keys, it’s time to celebrate!

If you are here to consider me as your real estate professional, I am honored. Together our team consists of 5 amazing women with over 60 years of experience combined. Meet the Team to learn more about us!!

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