Our first priority is you
Buying a home isn’t as easy as picking out a property and moving in.
There is so much more involved, and that’s why we are here to help.
We are dedicated to finding your dream home and seeing your best interests all the way through.
We have an unrivaled expertise in the area, and with our extensive brokerage experience, you’re in good heads every step of the way from the beginning searches to closing.
THE SEARCH FOR YOUR DREAM HOME SHOULDN’T BE LIMITED, THAT’S WHY
WE CREATE ALL OF THE POSSIBILITIES FOR YOU.
Because of our strong ties with other brokers and agents in the area, we are the first to know about off-market properties, giving you exclusive access to homes other buyers don’t know about.
HOME BUYING PROCESS
Do you have access to foreclosure lists?
Absolutely, and these days, the best foreclosure deals are here and gone in the first week. The public internet usually only gives access to foreclosures that are overpriced and have been sitting on the market for months. In order to find the best foreclosure deals, you need a team scouring the market for the best deals as soon as they hit the market.
Do I need a Real Estate Agent?
Real estate agents can help you narrow your housing options. The U.S. Department of Housing and Urban Development recommends the use of a real estate agent. Make sure the agent works for you so the agent will be working for your interests. Your agent can take your criteria for a home, including cost, neighborhood, schools, home size and amenities, and match it with the Multiple Listing Service (MLS), which lists all of the homes for sale in a particular area. If you’re purchasing government housing, such as a HUD home, you must have an agent. Remember, finding the property is the least of what an agent does, especially with the internet. Having a good negotiator on your side can still make or break a deal, and is the most important part of getting a “good deal”. This is why it is still so crucial to choose your agent early in the process. You should choose an agent that you believe can negotiate well on any property of interest.
What are lender fees and what should I expect?
Lender fees can range from .5% to 1.5% percent of the purchase price, depending on the rate and program that the buyer is choosing. The buyer usually has options available that can secure him a lower lender fee in exchange for a higher interest rate, and vice-versa.
What is a down payment, and do I need to send this money in right when my offer is accepted?
You are responsible for two upfront costs when you buy a home. First, there is earnest money, which is a small deposit that lets the seller know you’re serious about buying the home. Earnest money can be usually anywhere up to the 3% of the purchase price (eventually going towards your down payment). The second is the down payment, which is a percentage of the cost of the home, that doesn’t need to be sent to escrow until 2 days after closing. Lenders have different requirements for down payments. Traditional lenders usually seek a down payment of at least 10%. Lenders backed by the government can seek less, if you qualify. FHA has a program where you are only required to make a 3% down payment.
What Happens at Closing?
Closing is when you sign all of the loan and ownership paperwork and take over the home. At closing you will be responsible for taking care of some costs, including lender's title policy and points to lower the interest rate on your mortgage, along with fees for loan origination, loan applications, appraisals, housing surveys and even your first month of homeowner’s insurance. These costs can be around 1 - 1.25%, and are largely costs related to obtaining your loan. In addition, please remember that during the inspection period, you will also need to additionally budget to pay for the inspectors you hire. A general inspection costs around $400 and a budget of $1500 for inspection costs is general a good rule of thumb.