FIRST-TIME HOME BUYER GUIDE
As a client looking for your first home, it is our duty and you to make sure you are well-versed with the overall home buying process. Our team take pride in being able to make an outwardly complicated, time-consuming process into a fun and rewarding one by meticulously taking our clients through each step of our strategic buying process.
1. GETTING STARTED
Just like any investment, determining the best path for you requires taking personal factors and desires into account. What kind of community do you want to be a part of? How do I figure out how much house I can afford? Are you planning to start a family in the future? We will assist you throughout the buying process to answer these and other key questions, so that can ultimately enjoy your investment for many years to come as you make your house a home.
2. BUILD THE RIGHT TEAM
When you’re ready, assemble your dream team. Interview real estate agents, choose a lender.
3. ARRANGING FINANCING & GET PRE-APPROVED
Now you’re ready to get serious about your search, and when you find a home you love, make an offer. It’s easy to feel discouraged if you don’t get that first home, but in today’s competitive markets, you may repeat this step many times. The first offer helps you understand how things work – the back and forth of negotiations, ways to win over a seller and more.
5. REVIEW DISCLOSURES & MAKE THE OFFER
Once you’ve found your ideal property that provide both fit and value, we will carefully review and handle all the necessary documentation and disclosure requests with you and the seller. We will take the mystery of the of property by walking through all property & pest inspection reports, seller’s Disclosures, preliminary title report, and Homeowners Association (HOA) documents. You will have more questions and we will be readily available to provide the answers you need to make the best decisions forward.
In the competitive Bay Area market, it is essential that buyers, especially those purchasing for the ﬁrst time, set themselves apart from the crowd. We strive to tell our client’s stories to the seller along with the accompanying offer to create a human connection far beyond the monetary transaction. In many instances, our practice has been the difference maker in helping our first-time home buyers’ secure their ideal home.
During the negotiation stage, we minimize any potential stress by providing you with regular updates, so you are never in the dark.
6. CLOSE THE TRANSACTION
Once your offer is accepted, our team of trusted financing, inspection, title and escrow professionals will keep your contract moving quickly towards closing. After all the purchase contract conditions have been satisfied, you will sign the closing documents, deposit the balance of down payment, and move the closing costs into the escrow account. You and members of our team will conduct a final walk-through of the home to make sure all minute details were taken care of, ensuring your complete satisfaction.
7. PLAN YOUR MOVE
At the close of escrow, ownership transfers from the seller to the buyer. The deed is executed and the recording of the title transfers from the seller to the buyer. Congratulations, you now own your new home!