BUYERS

BUY WITH Clara Mejia

Unlock exclusive access to off-market listings, private offerings, and custom-tailored search lists, curated specifically for you and delivered daily. When selecting your agent, conduct thorough interviews to find someone who not only aids in your home purchase but also champions your best interests, guaranteeing the acquisition of your dream home.

Home Buying Process

Step #1

Buyer Consultation:

Introduction to the buying process.
Timing analysis to align with your needs.
Discussion about your dream home and essential features.
Financial aspect overview with lending partner recommendations.

Step #2

Searching for Homes:

MLS search set up for personalized home listings.
Daily email updates with property listings.
Initiate pre-approval process with necessary documents.

Step #3

Touring Homes:

Set up tours for selected homes.
Use a survey to track likes and dislikes.
Narrow down top choices and continue the search.

Step #4

Making an Offer:

Evaluate comparable home sales for a fair offer.
Discuss and determine offer terms (EMD, closing date, inspection period, loan approval period, additional terms).
Craft a competitive offer aligning with your needs.

Step #5

Offer Terms:

EMD: 1%-2% deposit for a serious buyer.
Closing Date: Typically 30 days with financing, 15 days with cash.
Inspection Period: Usually 10 days for property inspections.
Loan Approval Period: 21-30 days for final loan approval.
Additional Terms: Discuss and consider other contingencies or terms.

Step #6

Under Contract:

Officially under contract after offer acceptance.
Initiate earnest money deposit (EMD) with the title company.

Step #7

Inspection Period:

Conduct inspections, negotiate repairs/credits.
Contract cancellation option within the inspection period.

Step #8

Loan Approval Period:

Work closely with the lender for final loan approval.
Appraisal to ensure the home value aligns with the contract price.
Obtain home insurance and flood coverage if necessary.

Step #9

Title and Lien Search:

Title search confirms legal ownership.
Municipal lien search recommended.
Survey ordered to check for property encumbrances.

Step #10

Closing:

Receive closing disclosure (CD) and ALTA statement.
Review and wire transfer final funds.
Complete paperwork, become the new homeowner, and enjoy your new home!