Buying a Home in a Few Easy Steps
Purchasing property requires making many important financial decisions, understanding complex issues and completing mountains of paperwork. Monica and her team of reliable professionals can help guide you through this process, so you know exactly what to expect.
Buying a property requires making difficult decisions in terms of your finances; it also demands that you possess a level of understanding of complex issues and the patience to complete lots of paperwork. Monica and her team of reliable professionals can navigate you through this process, so you know exactly what to expect.
BUILD YOUR GREEN FILE
The typical green file should contain:
- Financial statements
- Bank accounts
- Recent pay stubs
- Tax returns for two years
- Credit cards
- Auto loans
- Copies of leases for investment properties
- 401K statements, life insurance, stocks, bonds, and (mutual) account information
A lender will look at your income, assets, credit history, debt and expected down-payment to determine your price range. If you haven’t spoken with a lender yet, we can connect you to one of our preferred lenders.
What’s on your wish list for your dream home? Together, we’ll run through the essential check list – which includes determining the ideal location, size, price and other details concerning your dream house. This process ensures that we find the perfect match, by choosing a home that is right for you.
Once you chosen the property you wish to purchase, Monica can help you make an offer that the seller will accept.
LET’S MAKE A DEAL!
Monica will assist you in finding a home that meets your needs, with the goal of getting you the best price and settling for the lowest closing costs possible. While attention is usually paid to the asking price of a home, a proposal to buy includes both the price and the terms. In some cases, these terms can include thousands of dollars in additional value, or additional costs for buyers that go unnoticed.
Monica and her team will source and present all the property information that your lender needs in order to close the loan. You’ll get a Good Faith Estimate (GFE) of your closing costs from your mortgage lender within few days of submitting your loan application. This is an estimate that will contain all closing costs, and fall within a narrow range of accuracy, although Monica will also review the estimate to ensure that everything is correct.
CLOSE THE DEAL!
No sensible car owner would drive without insurance, and similarly, no homeowner should leave their home unaccounted for in the event of damage. Real estate insurance protects owners in in the face of catastrophe, and if something goes wrong, your insurance will present itself as genuine life saver.
After obtaining a loan, you will be required by your lender to purchase a certain amount of insurance for the property. The value will depend on both the lender and the purchase price of your new home or investment.You may be able to save hundreds of dollars per year on homeowner’s insurance simply by shopping around for the best price.
We will also gladly recommend experienced knowledgeable insurance agents for you to consider.
Home Services and Utilities
We will provide a list of useful numbers for the activation of home services and utilities, so as to ensure a smooth and simple transition after closing.
At this stage, congratulations are almost in order.
You made it! Now you can move into your new home. Enjoy it.
The only thing left is to plan your housewarming party!