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The Buying Process
  
     Serving You Better. Saving You More.

 

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"Harley is one of the best guys I’ve ever worked with, and is the most service oriented person I know.
I absolutely loved working with him.”
- A. Tobin

"Harley is a wonderful man. He has a lot of integrity. He's especially great for a first time home buyer. The thing that stands out most about him is that he was genuinely more concerned with helping me find the right house than making his paycheck. As a first time buyer, I really appreciated the way he guided me through the contract and buying process, explained everything and went through all the steps with me. He was also actively involved in making sure everything got accomplished on time. I've already recommended him to another first time buyer and will do so again."
- Rob Barber

"Harley did a great job of giving us perspective and educating us about the market. He was also meticulous about the contract details.”
- Don & Kathie Venard

“Harley was incredibly patient with me. I think most other agents would have given up, but he hung in there. He ended up finding me a great house, which I’m so happy and content with.”
- Leslie Burget

"Harley has gone way above and
beyond the call of duty."
- Lucinda L. Loudon-Campbell

"We felt very listened to and understood, unlike with Realtors we worked with in the past who seemed to have their own ideas of what we should look at, rather than really getting what we wanted.”
- Tom & Terri Polakowski


While every situation is unique, below is a brief outline of the normal progression in the home buying process:guarantee

I. FINANCING
The first step in searching for a new home is determining how large an investment you can comfortably afford and can qualify for. A mortgage lender will calculate interest rates, your down payment, term and loan balance to arrive at estimated monthly payments. The mortgage lender can also pre-qualify or pre-approve you for a loan.

II. PRIORITIZING YOUR WANTS AND NEEDS
The next important step is determining which features are important to you and what your priorities are. Neighborhood & community? Home size? Architectural style? Amenities? Schools? Proximity to work? Other needs, hopes or wishes?

III. LOOKING AT PROPERTIES
Your real estate agent will show you a variety of properties. This process usually takes the most time, but with the right agent, it can go surprisingly quickly. Once you have found the home you want, you and your agent will structure an offer.

IV. PRE-OFFER INFORMATION GATHERING
Before making an offer, you will want some basic information about home values in the area, how long the house has been on the market, if the seller has lowered the asking price, and other important home value and neighborhood factors.

V. WRITING, SUBMITTING & NEGOTIATING THE CONTRACT
The terms of the Contract dictate the terms of the sale so it is critical that the document be accurate to the last detail. Once the Contract (your offer) is submitted, the Seller may respond by accepting or rejecting your offer or submitting a Counteroffer. You may continue to negotiate terms until you and the Seller reach a mutually acceptable agreement.

VI. UNDER CONTRACT: INSPECTIONS & DUE DILIGENCE
Now you begin your “Due Diligence Period” during which you have the property inspected to make sure that the home is sound and that all the electrical, heating, cooling, plumbing and other systems are in good working order. If there are problems or defects, you can reject the Contract or ask the Seller to fix or pay for the items of concern, or the parties may negotiate a credit of the costs against the purchase price.

VII. APPRAISAL

An appraisal is a requirement of every lender to determine if the home is worth the purchase price. The lender’s appraiser will come up with a Fair Market Value for the property. You can cancel the Contract or re-negotiate the price with the Seller if the purchase price is more than the appraised value.

VIII. FINALIZING YOUR LOAN
Once your inspection and appraisal contingencies are satisfied, your loan package is submitted to an Underwriter for final approval. If the loan is approved, the lender will submit the figures to the Closing Agent, which is usually the title company. The title company will tabulate all figures and notify you how much money to bring to the closing.

IX. CLOSING
The closing is where all the documents are signed, money is exchanged and title is transferred from the Seller to the Buyer. Closing usually takes about an hour. If possible, documents and figures are reviewed ahead of time so that any questions are answered and everything goes smoothly on the day of closing. We recommend that you bring your money in the form of a certified or cashier’s check made out to yourself, which you will sign over to the title company at the appropriate time in the closing.

X. CONGRATULATIONS: You are now the proud owner of your new home!

For more details about the buying process or to talk with Harley about helping you buy or sell your home,
please send an instant e-mail or call Harley at: 303.759.8811
.

Click here to receive a detailed version of The Home Buying Process.

 

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