Our
buyer services provide you with all the assistance
you need to transition to your new home. With the
purchase of a pre-owned home, we will search and preview
homes meeting your specifications; tour those homes
with you to refine your search; prepare and negotiate
your offer and assist with the close.
Builders recognize that approximately 70% of new home sales are to customers represented by a real estate agent. They work with us to give you the best possible price as an incentive to bring them more buyers. An on-site salesperson represents only the builder, not the buyer. We can recommend area builders based on your price range and assist you throughout the building process.
New Credit Scoring
You
can significantly improve your home buying experience
by getting loan approval in advance of your home search.
This not only gives you the home price you are able
to afford, it also lets you and your agent negotiate confidently
with a seller, and speeds the purchase process, getting
you into the home you desire more quickly. The vendor
list on this web site contains contact information
including an e-mail address for Ebby
Halliday's Mortgage Broker, Pat Myrick and Alex Parker.
Read more about "The
New Credit Scoring System"
HOME PURCHASE
PROCESS
(For buyers)
Every purchase and sale differs slightly. The following material identifies the
major steps in a home purchase process but does not discuss the occasional
deviation from the norm. As your
agents we remain at work on your behalf throughout every step of the process
regardless of its complexity.
I. Loan
Pre-approval. This process provides you with an idea of how much you spend and what monthly payments will be at a given price.
II. Search. The search process is facilitated by identifying the location, price range, style and size of home. By viewing the listings and photographs on-line, we focus the search on the homes identified.
III. Price Negotiation. When a house is selected, we begin the negotiation process. As your agents, we will provide a variety of information to assist you in getting the best price possible, including:
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Comparable Market Analysis – what has been paid for other homes in the neighborhood. |
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Archives – what are the days on market, how has the seller lowered the price, have they changed realtors? |
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Tax
information – annual tax expense and tax appraisal value |
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Utility
costs (if available) |
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Seller’s
Disclosure – what information regarding the condition of the house has
been made available |
IV. Negotiating Other Contractual Elements
- Title Insurance – This is typically paid by the sellers, as they are required to provide you, our buyer, with a clear title.
- Survey and Affidavit – This should be provided by the seller within 7 days or so of the executed contract. If the survey is not available, a new survey is paid for by the seller.
- Title objections – You should have 5 days or so to object to any title concerns.
- Home Owners Warranty – We request that the seller purchase a home warranty policy on your behalf.
- Seller Contribution to Buyer’s Closing Costs – If you need less money out of pocket, we will ask the seller to pay some of the closing costs.
- Option period – For a small fee, you purchase the right to terminate the agreement during a specified period of time, usually 7 to 10 days.
- Home owners association – You should pay a nominal amount to transfer the HOA membership, if present.
V. Inspection
and repairs. During the option period you will want to pay for an inspection and decide which repairs you want the seller to make. We will offer our guidance to help determine the priority of those repairs and negotiate on your behalf.
VI. Title Company. The title company does all the research to assure you of a clear title and insure you against any future claims on the property. Title company charges are established by state regulation.
VII. Closing. The two parties proceed to the closing after all other elements of the agreement are completed, including repairs, which are confirmed by a final walk-thru or a re-inspection.
VIII. Possession. After closing and funding the loan, you get the keys to your new home!
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