Buyer Tips
- How much home can you buy?
- Take a closer look at your credit score.
- Gather your documents (assets and monthly expenses).
- Talk to a qualified lender.
- Find out about the different kinds of loans.
- Conduct a property survey.
- When was the home built?
- How does the asking price compare to other houses in the neighborhood?
- Is the existing mortgage assumable?
- What are the annual property taxes?
- Buy with confidence.
The Buying Process
Buying a home will likely be one of the biggest financial transactions you will ever make. The key is to work with a knowledgeable real estate agent like Sydney Server, that can make this process less stressful and much more enjoyable.
A Purchase and Sales Agreement will include the following:
- Amount Deposited
- Financing terms
- Inspection terms
- Seller’s Disclosure Form
- Disclosures
- Closing instructions
The Negotiation Process
- Loan preapproval at the time of the offer
- Market Value
- Condition of the house
- Financing terms
- Once your offer has been presented to the sellers, they can choose to accept it, counter it or reject it. If the amount is accepted by both buyer and seller, then the purchase takes place.
Title Insurance/Closing Process:
- Requests a title
- Request the deed
- Discussion of where the bank loans
- Discussion of taxes and insurance
- Appropriate documents are recorded
- Disburse the documents and money to the parties involved
