Services For Buyers

These are the services I offer buyers who work with me.  I have 30 years of experience finding buyers their dream homes.   I have extensive knowledge of the Yolo, Solano and surrounding areas which can benefit you in finding the right place for you to call home. I also have experience with forclosures, shortsales, and property valuation which can help you navigate the real estate market of today. Here’s a brief overview of the buying process. Please get in touch if you have questions or want to get started with your search! Cell phone number 916-849-8700

Buying  a Home

1.Are You Ready?

In addition to a down payment typically 3.5%, you also need cash for closing costs. There are some 100% loans depending on your income and area you are interested in buying.   Several Loan programs help with these costs.  You may also be able to make closing costs a negotiating point in the offer you put on a property.  I will help you find an experienced lender to help you with this process.

2.Hire An Agent

Be sure you’re working with a true professional and someone you feel comfortable dealing with.  An Agent insures you are being fully represented in a transaction.

3.Get A Loan Pre-Approval

The real issue with real estate financing is not getting a loan, but to get the loan that’s right for you.  I will introduce you to a lender who will pre qualify you along with suggestion the best loan program for your needs.

4.Look At Homes

Before you look, list the features and benefits you want in a home.  Consider pricing, location, size, layout and extras.  Decide what’s most important and how much you’re willing to compromise.

5.Choose A Home

Review your notes to narrow down the choices.  When you find the home of your dreams, your  Agent, can help you be sure it is a good fit for you and your family.  It is also a part of your  Agents job to help you consider all of the pros and cons of the property including its future resell value.

6.Get Funding

The mortgage you choose will be determined by how much down payment you can afford, your credit rating, and your income.  Your lender will be able to help you chose the right financing for you.

7.Make An Offer

An offer is more than the price you’re willing to pay.  It also includes the terms and timeline of the agreement. Sellers may accept the offer, reject it or make a counter-offer

8.Get Insurance

Shop around for homeowner’s insurance and flood insurance if needed.  Ask your Agent which of these are required for your new home.

9.Closing

This is the official meeting where the transaction happens.  A title insurance company will make sure all of the required paperwork is complete. You will meet at the title company, sign required paper work, the paper work then goes back to the lender where the loan will be funded.  After the loan funds the title company will have the deed recorded.  This process can take up to 3 to 4 days depending on the turnaround time for the lender.  After the deed is recorded it is then official.  You get your new keys and the seller is paid for the home.

10.What’s Next

While you’re moving in, transferring utilities to your name, and checking out the neighborhood, be sure to enjoy your new home!

Posted on May 29, 2014 at 9:06 pm
Charlotte Lloyd | Category: Buyers | Tagged , , , , , , , ,

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