BUYERS
Are you thinking about buying now is the time! Interest rates are an all time low. The lower the interest rates the more money you will have towards your purchase! I represent buyers who are looking for properties in Northern CA. I service every county in Northern California.
As your Realtor, I will walk through the entire process with you. If you do not have financing, I will refer you and match you up with a referral lender that is must suitable for your financing. Want to buying after bankruptcy, I have a lender that will work with you also as soon as 1 Day after the discharge of your bankruptcy. No worries! Find out more about financing after BK "Bankruptcy Financing."
You must be pre-approved before an offer can be written on a property. Honestly, no seller will accept an offer without proof of funds and a pre-approval letter from your loan officer. Proof funds are required so the listing agent can present to the seller that you have the funds for the Deposit, Down Payment and Closing Costs. If you have down payment and/or closing cost assistance incorporated in your loan, I will make that presentation in your offer. Learn MORE about the BUYING PROCESS! Do the your RESEARCH.
FREE DOWNLOADABLE EBOOK
STEP 1 - KNOW YOUR CREDIT SCORE
STEP 2 - GET PRE-APPROVED BEFORE YOU LOOK FOR A HOME
STEP 3 - PROJECTED PRICES HOME PRICES IN THE NEXT 5 YEARS &
WHAT NEIGHBORHOOD I CAN AFFORD TO BUY A HOME
STEP 4: THINGS TO AVOID AFTER APPLYING FOR A MORTGAGE
STEP 5 LOOK FOR HOMES AND MAKE OFFERS
My goal as your Realtor is to help you find the home of your dreams. I will accommodate you and tour properties until you find a home that you want to make an offer. It is common practice to get my buyers into a home within 2 to 3 weeks if the are actively looking. I will show up to 10 homes per tour.
STEP 6: OFFER ACCEPTED AND ESCROWS IS OPENED
What to Expect Now that Your Escrow is Open
STEP 7: WHAT IS TITLE INSURANCE AND WHY DO I NEED IT?
What Is Title Insurance. If this video does not answer all of your questions about why you need title insurance, we can chat about it and/or you make seek legal advice should you decide that you do not want title insurance.
STEP 8: APPRAISAL PROCESS
Your loan officer is responsible for ordering the appraisal. You will need to pay for the appraisal in advance. It depends on the contract, but there is usually is contingency to remove the appraisal. This means the appraisal must be done and report back by the deadline indicated in the contract so this contingency can be removed. There may be instances wherein the contingency removal will have to be extended. IChat with your Realtor, if you have questions
STEP 9: INVESTIGATION AND INSPECTIONS
Your Realtor will schedule the inspections that the Buyer is willing to pay for. This is an out of pocket expense that the buyer will need to pay for upfront. However, some companies will allow you to pay this expense in escrow. Buyers have a right to investigate the property and do inspections. Most home buyers do standard inspections i.e., home, termite and roof. I highly recommend that all buyers do a plumbing and sewer lateral inspection. Some cities have mandatory sewer lateral and sidewalk ordinances. A buyer may do as many types of inspections that they are willing to pay for. I will attend the inspections and it is recommended that the buyer attend. There is a contingency removal for investigation and inspections in the contract. Your Realtor is required to meet this deadline in the contract. It may be extended if the seller is willing. What to Expect from Home Inspection
STEP 10: LOAN OFFICER AND ESCROW OFFICER
For about 10 to 15 days of the transaction, the Realtor will sit on the sideline while the loan officer and the escrow officer confer regarding the loan in preparation for the closing, funding and recording of deeds. The loan officer and escrow officer numbers must balance for you to close escrow. This is a process that cannot be skipped over and the buyer's patience will be required during this time period. Your Realtor should be checking in with the escrow officer and/or the loan officer regarding the status so the buyer can be updated with the status of the transaction.
STEP 11: FINAL WALK THRU
Your contract has a deadline before the close of escrow for you to do a final walk through. It is usually 5 days before your close escrow. The purpose of the final walk through is to make sure the home is in the same condition it was when the buyer initially toured the property.
STEP 12: PART 1 CLOSING
The escrow officer will schedule the closing date for the buyer to sign documents. The buyer has an option to sign at the title and escrow company or by a mobile notary at home or designated location. As your Realtor, it is my job to make you feel comfortable during closing and answer any questions that you may have including reaching out to the lender if any questions come up. I will attend closing appointment and/or come to the mobile location to attend your signing.
STEP 13: PART 2 CLOSING
Now that the Buyer has signed documents, the escrow officer must finish processing the paperwork before your are the official new owner. The loan must fund which means your lender (the bank) transfers the money to the escrow and title company. Once the money is received, the escrow officer will have a messenger take the grant deed to the County Recorder's Office where the property is located so it can be recorded. Once it is recorded, the escrow and title company will send confirmation of the recording.
STEP 14: GETTING YOUR KEYS
The keys are usually kept the lockbox on the property as when you initially toured. It is your Realtor's job to make sure that the buyer receives their keys by 6:00 p.m. on the day of recording unless other arrangements are made for the delivery of the key. The deadline to delivery your key to you is indicated in your contract.
CREDIT REPAIR
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REPORT YOUR RENT
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REBUILD YOUR CREDIT WITH SECURED CREDIT CARDS
METHODS OF COMMUNICATION
I am available to chat with you by appointment in person, by telephone, text, Facebook Messenger, Facebook video/audio, Instagram, Skype or Zoom or whatever method is best for you.
