Get the Ball Rolling
Buying a home is both exciting and rewarding; it’s also a lot of work. Looking at houses is the fun part, but there are a lot of other factors to take into account before even walking into an open house. Getting started on the right foot will make the process more efficient and fun. There is a steep learning curve, but I love helping my clients navigate through the process.
Once the home search has narrowed and an offer is ready to be made there are a number of pieces to the puzzle. No offer is the same and I will be with you every step of the way. I take great pleasure in navigating the steps it takes to get my clients in their new home.
- We’ll meet to discuss your wants, needs and financial resources. To get a real head start take a look at my blog post ‘Moving Checklist’.
- Set priorities. Most people have a budget, so we will look at the needs list and how to get as much on that list as possible.
- Meet with a mortgage broker or lender. It isn’t the fun part, but it is the most important. Establishing a realistic price range and being ready when the right one comes along is key. I’ll give you referrals to mortgage brokers or direct lenders so that you can get your pre-approval prior to your search. Read my post ‘How to get started with financing’ and ‘Questions to ask your mortgage broker or lender’ for more details.
- Hire each other. I work hard for your trust, your current and future business. I’m really serious about that. As such, I depend on your loyalty in working only with me; from search through offer, I work for free until you close escrow.
The Education Process
- Provide you with a preliminary list of properties. We’ll talk about your wish list, establish acceptable neighborhoods and keep tabs on new, stale and pending properties that so we can track the market. I will weed out what properties that we have established won’t work and I’ll keep in mind where will you ‘get the most bang for the buck’, even if it’s in an area you hadn’t considered.
- Give you homework at least weekly, I will get you the newest listings to view. Some we will see together and others you will see on your own during open houses. Feedback on what worked and what didn’t will help me hone in on the best properties for you. See ‘What to do/ not to do at an open house’ and ‘How to view a property’.
- Preview homes for you, I preview as many as I can so that we see only the best ones for you.
- Get disclosures on homes you are interested in pursuing; disclosures will give you a snapshot of the condition of the property and neighborhood; this should confirm whether you will or will not pursue a specific home.
Negotiating Your Offer
- Draft the purchase agreement on the property you select. Explaining such items as: contract terms, contingencies, local customs, agency relationships, escrow, financing, inspections and other items specific to your transaction. Read my blog post ‘How do I make a purchase offer’
- Present the offer on the property you select. Presenting you in the best and strongest position possible.
- Review the seller’s response with you. The seller can accept, counter or reject your offer. We will look at your goals and decide how best to proceed.
- Offer Acceptance. I will open escrow, deposit your earnest money deposit and guide you through the process. See my blog posting ‘What do you mean when you hold title to a property’ to find out more.
- Coordinate the inspections. You will walk through the property with contractors who can give you the best feedback on property condition. I will review the reports with you, go over concerns and discuss options. For more about inspections see my blog posting ‘Property inspections are important’
- Help you with referrals to other professionals such as insurance agents, estate attorneys, or qualified intermediaries if you are trading rental property. Review documents relating to the purchase. This will include documents such as: Structural Pest Inspection Reports, Real Estate Transfer Disclosure Statements, Preliminary Title Reports, etc. You can find more detail on hazard insurance at this post ‘How to look for hazard insurance’.
- Go with you to the escrow signing. You will sign loan and transfer documents, starting the property ownership transfer to you. Here you will also bring the balance of your down payment and closing costs. You can check out my posting ‘How are closing costs split between buyer and seller’ and ‘Documents to keep after close of escrow’ for additional information.
- Check on the property transfer process. Make sure that the loan has funded; the title has recorded and hand you the keys to your new home.
Long Term Relationship
- You now join my family of clients. I want to be your real estate professional for life. I will provide you handy information, referrals to contractors or other professionals you may need. I stand ready to assist you in future real estate transactions and earn your trust and referrals to friends, family and co-workers who will buy or sell real estate in San Francisco.