IMPORTANT GUIDELINES TO FOLLOW WHEN PURCHASING A HOME

YOU CAN HELP

With your understanding of the purchasing process, your transaction can go much smoother. This guideline has proven invaluable to purchasers and is worth your special attention.

QUALIFYING

For your benefit, it is essential that we ask questions to understand your needs, wants and ability to purchase. We are able to work with you to determine the amount of the loan you can qualify for and can give you information on the amount of money you will need to purchase a home.

SHOWING PROCESS

Please feel free to inspect all facets of a home during its showing. It may be a good idea to note any comments you have about each home in order for us to provide you with the best possible service.

COMMUNICATIONS WITH SALES ASSOCIATE

Feedback is essential in providing maximum service. Specific comments about each home will help me determine exactly what you are seeking.

AGREEMENT TO PURCHASE

As a result of our communication and our professionalism, many of our buyers have been able to find a suitable home or property in a short period of time. Making an offer will prevent you from losing the home or property the will meet you needs and give you the most value for your money.

PRESENTING THE OFFER

After an offer is written, we will contact the listing salesperson who will present the Earnest Money Contract to the sellers as soon as possible.

We will also ask for an earnest money deposit at this time. The sellers then have the following alternatives:
1. Accept the offer as presented
2. Reject the offer
3. Counter (a change in price, date, personal property, etc.)

If a counter is made, you have the same three alternatives: accept, reject or counter.

CONTRACT ACCEPTANCE

Once a contract is accepted, we will notify you immediately.

MORTGAGE APPLICATION

We will assist you in making contact with a lending insitiution if you request our suggestions. It is extremely important that you apply for a mortgage immediately following the acceptance of the contract. At the time you make application for the loan, the lender will normally collect for the appraisal and credit report. The loan officer will also require information concerning income and debts. We will give you a list of the items you need to have for the loan application. The lender wil then verify this information and have the property appraised.

PROCESSING THE LOAN

A date for closing is specified in the contract. The closing may occur on or before that time. Normally the closing will take place at the title company identified on the contract.

PRIOR TO CLOSING

1. You will have the opportunity to make a final inspection of the property.
2. Your insurance agent should send your insurance policy to the title company. You determine what insurance company will insure your home.
3. Prior to closing, we will notify you of the amount of money you will need to bring to the closing. A certified or cashier's check must be presented at closing. Personal checks are not acceptable.