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Buying My 1st Home

Okay, so you’ve decided it’s time to buy a home, now what?

You’ll need to go into your local bank or a mortgage lender and begin the pre-approval process. Getting pre-approved for a home loan before starting your search is very important. This will allow you to understand and know exactly what you can afford, and by doing this, it will aid in our search to find the home that meets your needs within your budget. It will also give you a certain amount of confidence, so when we do find your dream home we can move quickly! Sellers will typically choose a buyer’s offer that has been pre-approved over a buyer’s that has not. A pre-approval letter will speed up the process and minimize the risk of missing out on your dream home.

Now we’ve talked with a lender, let’s go house hunting!

After you’ve taken the steps to get a pre-approval letter and understand your budget, at this time we will sit down and have a discussion about your dream home and the needs, wants, and duties of all parties involved. Let the adventurous part of house hunting begin! Together we will review and discuss different homes and narrow down the list to our most desired homes, I will then make the necessary arrangements for a tour of the home. It could be love at first sight or may take longer, but however it plays out, this is a partnership and together we will find your dream home.

Yahoo, we found it! Where do we go from here?

It’s time to make an offer. In the process of making an offer, together we will look at comparable homes nearby then evaluate the asking price, your budget, the condition of home, and together we will make an informed, reasonable, written offer to the seller. We may or may not need to negotiate some, but if we have to negotiate, we have the information to make solid decisions.

The seller accepted our written offer, what happens now?

A contract with all the terms and conditions will be made and I recommend an “inspection period.” This is typically a 10 day time frame for you to do any and all inspections on the home. Typically buyers will do a general inspection and a termite inspection. You or your lender may want other inspections, this is the time for that. Assuming everything is up to par, during the bank’s final approval and closing date there will be additional tasks or information that may be needed, as partners we will work together to satisfy any issues that may arise.

Closing time, it’s almost over!

The time you’ve been waiting for has arrived. As your partner in this endeavor I am very excited to be the first to congratulate you on your new home.

Looking to buy or sell a home in the Corpus Christi, TX area?
Robert Ellis | Realtor |

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