- Why Choose Us
Buying a home can be an uneasy task, especially for first-timers and during tricky periods the real estate market presents. It is a challenging task to gauge the market trends and other factors such as property values and borrowing costs. Therefore, staying informed about the process and turning to a professional is a great start. Here is what you can expect when looking to buy a property.
Finding the right real estate agent is one of the most critical steps in buying a home. The chosen realtor must have your best interests in mind and acts as your advocate, facilitator, and resource throughout the entire process. It is imperative to find a trusted professional with proven real estate expertise. At Fine Homes Real Estate agents, your real estate portfolio will be confidently handled by competent professionals who are focused on you!
The next step is to get pre-approved for a mortgage. This will give you a better idea of the borrowing amount you qualify for and the property price you would be able to afford. This helps the home-buying process go more smoothly. Mortgage lenders will also give you a better idea of what interest rate you can expect to pay. Fine Homes Real Estate collaborates with trusted mortgage specialists ensuring this step of the process is done right!
This is the time we start looking for your target property! Keeping your budget, wants and needs in mind when searching, we patiently guide you through showings until you find the option that is ideal for you.
Once you have found the perfect home, it is time to put in your offer. Your real estate agent will help you negotiate a contract with the seller This is where your pre-approval will come in handy because your offer will have no condition on financing, making your offer more attractive to the sellers. The offer can include conditions for a home inspection to ensure no hidden issues are missed.The seller will then either accept, reject, or counter your offer.
Once your offer is accepted the contract turns into an agreement of purchase and sale. Now it is time to start the loan process. Your lender will order an appraisal of the home to ensure the worth of the property in preparation for financing the property. Home inspections are completed in this stage. If everything goes well and possible conditions ae waived, the agreement of purchase and sale becomes firm.
In this stage, your selected Real Estate Lawyer will work with the lender (bank) on martializing the loan. Your lawyer will also prepare all the necessary documentation in preparation for a smooth closing.
Just prior to the closing date, head to your lawyer to sign the required documentation related to the transaction. Once signed and the closing of the property is completed, it is time to pick up your keys from your real estate lawyer.
Congratulations, you are now a homeowner! Be sure to change your address with the post office and your utilities, and you are all set.