Buy A Home
Getting ready to buy a home.
Ready to buy? It’s always a good time to buy real estate. It is one of the largest purchases you’ll make with the opportunity to build wealth and equity over time. There will always be benefits of owning vs. renting.
If you need help determining how financing and home buying works, we’d love to share our home buyer program with you. It’s the best way to find the home you’re looking for.
Thinking of buying investment property?
Investing in real estate has proven to provide a great return on investment for at least the past 40 years. I realize there are times when you think about adding real estate to your portfolio of investment options to consider.
My local knowledge of the area allows you to take full advantage of market data. This will ensure your real estate investment opportunity will yield the best possible cash flow.
Ready to start looking for a home? You can begin your search here.
- Initial Appointment
The purpose of the initial appointment is to understand your “needs and wants” as a buyer. This may be the most critical meeting of the home buyer process. During this appointment, the entire purchasing process will be discussed.
2 Determine the Purchasing Parameters
There are three criteria every buyer uses to find their home: location, price and style/condition. These criteria along with your “needs and wants” will help you and The Crouch Group team member determine the properties we search for and the homes we initially view.
3 Acquire a Pre-Approval from Lender.
Viewing homes with out a pre-approval usually leads to disappointment. Buyer who are wise discuss their financial situation with a reputable lender and acquire a pre-approval. A pre-approval creates and opportunity for you to not just understand what you qualify for, but ultimately to decide what you can afford. Having a pre-approval greatly enhances your negotiation position especially in competitive markets
4 View homes.
The process of viewing homes provides you with information to make the best decision possible. Help you find a home is a process of elimination, not a process of selection. Viewing homes, you don’t like is not a wast of time; it helps build a frame of reference to help you find what you do like.
5 Write the contract.
The best way to prepare for the contract phase of the transaction as a buyer is to review a blank copy of the purchase contract. The Crouch Group will provide you a copy of the contract at the initial consultation. Reading the contract prior to making an offer will make you much more comfortable during the negotiation phase.
6 Deposit Earnest Money
An earnest money deposit is the best way of communicating to the seller that your serious about purchasing their property. Earnest money is kept safe at the Title company that is agreed upon by the Buyer and Seller until those funds are used to close the transaction.
7 Perform the Home Inspections
After the contract is fully accepted and all terms are agreed upon, a home inspection can be performed per the contract. The inspection will allow you and the inspector you hire to take a more thorough look at the property. This inspection will give you a far greater understand of the property you are purchasing.
- Final Walk Through
After the mortgage has been approved, a final walk through is encouraged. On the final walk through, you will re-inspect the property to ensure it is in an acceptable condition and the requested repairs have been made.
9 Execute the Closing Documents
Once the contract is accepted, inspection performed and mortgage approved, the closing will be set and final documents will be executed. You will be directed by the Title Company as to the time and date for your signing and any necessary funds needed to close.
10 Home Delivery
Upon the conclusion of the paperwork and transfer of ownership, you will receive the keys, garage door opener and any document/warranties that convey with the property. You will ten become a rightful owner.
Courtesy of Buffini & Company