4-Step Homebuyer’s Guide + Questionnaire
Searching for your next property? This 5-minute read will get you started in the right direction. Whether you’re looking for your first home, a new place to settle in with your family or an incredible investment property, we’re now offering the buying intelligence of our real estate elite in a digestible 4-step guide. We break down the process of preparation, making an offer, escrow and closing so you can:
Understand the lingo
Get the best price
Here’s what you can expect to learn:
Preparing to buy a home is multi-faceted. First, you must look carefully at your finances to determine if you’re in a position to pay cash or if you’ll need a loan. We’ll offer our recommendations for finding a lender, the process of getting loan approval and what you’ll need before starting this process. You’ll also receive a list of different factors that define a home’s worth—those that should be heavily considered before making a decision.
At the end of this guide, you will find a bonus Homebuyers Questionnaire. Use this detailed questionnaire to define your homebuying needs and narrow down what is most important to you before starting the search. It’s an essential part of the preparation process.
Before making an offer on a home, you’ll need to partake in a Residential Purchase Agreement (RPA). This will allow you to review a physical investigation of the property, see the home’s appraisal and define additional contingencies before purchase. You’ll learn which specialized inspections you may wish to consider include geologic, sewer, structural and HVAC.
The escrow company must be agreed upon between the buyer and the seller. In this guide, we offer recommendations for how to select an escrow company, a detailed breakdown of what occurs during this process and how long it should take for inspections and appraisals.
There are eight conditions that have to be met through the purchase agreement prior to closing. Once those conditions are met, the buyer and seller can decide on a date of closing. In this guide, you will learn about the closing process up until the point of handing over the keys to your new home.
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