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When you work with Mona to buy a home, you will get her full guide to buying a home, complete with checklists of things to do!

 

Step 1

Meet with a Real Estate Professional

When considering purchasing a home it’s quite natural to be excited and want to see inside the homes you like. Often buyers will call the agent who is on the For Sale sign, but that agent has a contract with the seller and will be representing them! In Pennsylvania, buyers are entitled to an advocate on their behalf when looking for a home. Someone who will get to know you, your likes, and dislikes. An agent who will keep a close watch on the market and suggest homes that perhaps you haven’t seen. A Real Estate Professional will walk you through the extensive process of helping you find a home and negotiate the best possible deal for you. It’s important to feel comfortable with your agent while sharing your dreams and plans for home ownership as well as discussing finances or personal issues. Trust and confidence in your Realtor is of utmost importance.


Step 2

Get Pre-Approved

Most home buyers start by browsing on-line for homes you might like, but if you don’t know what you can afford, you may be looking at homes out of your price range or you may be looking below what you qualify for and miss out on a home that’s just right for you! Getting a pre-approval will help us identify the right price range and find your dream home much faster.

Once we find a home you want to make an offer on, Realtors and sellers will give more weight to your offer because they know you can afford their house. Sellers are more likely to negotiate on price and other terms with a pre-approved buyer. Buyers who aren’t pre-approved are risky to sellers; who wants to take their home off the market only to find out the buyer can’t get a loan?

Your pre-approval gives us confidence when making an offer because you are qualified and there are lenders willing to work with you to purchase your home.


Step 3

Search for homes

Yay! The fun part begins. I will begin a market search for homes that meet your criteria of location, style, price, and of course your needs and wants. You are welcome to search as well! I want you to see the homes YOU want to see, not just ones I recommend. When homes are found you wish to preview, I will schedule showings and provide you with information on them so you can compare price, features, locations, school districts, taxes, etc. We will then visit the properties so you can walk through them and envision how the home may fit your needs and lifestyle. Sometimes the perfect match is found on the first tour! But if it requires a couple home tours don’t get discouraged; we WILL find the right home for you.


Step 4

Make an offer

We’ve found the home you want, now what? I will review the market and prepare a CMA (Comparative Market Analysis). With information from comparative homes recently sold, I can recommend a price range for your offer so you aren’t overpaying. Once an offer price is determined we will prepare the offer that I will present to the seller’s agent (or seller if permitted). In the offer we will list your terms, special stipulations, and inspection contingencies that would be in your best interest.


Step 5

Negotiation and contract

We’ve found the home you want, now what? I will review the market and prepare a CMA (Comparative Market Analysis). With information from comparative homes recently sold, I can recommend a price range for your offer so you aren’t overpaying. Once an offer price is determined we will prepare the offer that I will present to the seller’s agent (or seller if permitted). In the offer we will list your terms, special stipulations, and inspection contingencies that would be in your best interest.


Step 6

Under Contract

Once you and the seller(s) have agreed to all of the terms of the offer and both parties have signed the Agreement of Sale, the home is officially “Under Contract”. The status of the home on the MLS will be changed to Pending, the home is held for you until closing settlement. All of the sellers marketing efforts are put on hold through the inspection period.


Step 7

Final Details

During the Under Contract stage you will be working with your mortgage provider to finalize your loan application and other pertinent documents. We will also perform due diligence as per the contingencies selected on the contract. Inspections begin immediately after the home is Under Contract. Typically within 10-12 days we will receive the inspection reports and form a “Reply to Inspections” that I’ll present to the seller. We may ask for some items to be repaired, or treated. A brief period of negotiations take place again. As your agent, I will manage this entire process for you. When final details are agreed upon, we move forward to “Closing”.


Step 8

Closing

All parties involved are notified of the date, time, and place of Closing. (This includes the mortgage provider, attorneys, real estate agents, buyers, and sellers.) Closing is the official transfer of funds and ownership.

Prior to settlement you and I will do a pre-settlement walk through of the property to make sure the home is in order and any agreed upon repairs are complete.


Celebrate!

Congratulations, you are a new home owner!