My Proven Home Buying Roadmap
THE BUYER ROADMAP OVERVIEW
INTERVIEW
Find the right Real Estate Agent for you
PRE-APPROVAL
Meet with a lender and get a pre-approval Letter
SEARCH
Begin your online home search
ESCROW
Deposit escrow and complete loan application within time frame of the contract
OFFER
After finding the right home, we will put in a strong offer and negotiate the terms of the contract
SHOWINGS
We will set up showings and view the homes you are interested in
INSPECTIONS
Schedule inspections and negotiate any repair requests and issues from inspection
FINANCING
Order appraisal and obtain homeowners insurance
LAST STEPS
Receive clear to close from lender and preform final walk-through before closing
CLOSING
Hooray! time to get your keys and celebrate buying your home
The Home Buying
Timeline
THE BRADON HYER EXPIERENCE
01
Meet with a Professional
Before you even begin the home buying process, I suggest that you sit down with a lender and get pre-approved. Together, you will determine the best mortgage type for your situation, as well as how much house you will be able to afford. Be sure to get a pre-approval letter before leaving.
02
Pre-Approval
After you have met with your lender, we can sit down and discuss the type of home you're looking for. We will discuss style, price, location, and any other features that you find important for your home.
03
Search and Showings
Now the fun part! I will set you up on a custom client search that will send you every available home that meets your criteria for your home. From there, I will schedule showings and we will go view the homes that you are interested in.
04
Make an Offer
After finding the right home, we will discuss important factors and criteria needed to submit in a strong offer. We will discuss offer price, inspection time period, financial contingencies, etc.
05
Negotiation and Contract
The seller will have the opportunity to accept, reject or counter your offer. I will help you understand all the terms of the contract to decide the best course of action for securing your home on terms that work for you.
07
Final Details
The mortgage lender will typically order an appraisal to determine the value of the home. I will educate you on your rights as a buyer and will offer you alternative routes to take if the appraisal should come back low in value.
06
Escrow
You will deposit to agreed upon earnest money. You will schedule any inspections during the time period negotiated in the contract and we will negotiate any repairs requests you would like to make with the seller.
08
The Closing
After your loan has been processed you will receive the clear to close from your lender. We will perform the final walk-through before closing. After you sign the documents, it's time to celebrate because your home purchase is now complete!
FINDING YOUR HOME
Starting The Home Search
01
Step One
After you speak with a lender and get pre-approved, we will begin your online home search. I will set you up on an automated search on the Multiple Listing Service (MLS).
03
Step Three
When you decide you are interested in a home, we will schedule a showing to view the home in person. If you decide it meets your criteria, we will write an offer for the home. When we get an accepted offer, you will now be Under Contract.
02
Step Two
We will discuss your ideal price range, your must-haves list, deal breakers, location preferences, school districts, and all of the other factors that will help me to best help you during the home search period.
PREPARING FOR CLOSING
Buying Your Home
01
Loan Application & Appraisal
You will typically have 3-5 days after the contract has been executed to make application for your loan with your lender. The appraisal will be ordered by your lender after we have have made our way through the inspection period. If your contract is contingent on the appraisal, this means that if the appraisal comes back lower than the offer you made, we will have an opportunity to negotiate the price once again.
03
Important Reminder
As excited as you may be to begin shopping around for furniture and all of the things that help make a house a home, don't! Be very careful during this period not to make any major purchases, open new lines of credit, or change jobs. If in doubt, be sure to call your Real Estate Agent or Lender.
02
Home Insurance
You will need to obtain a Homeowner's Insurance Policy that will begin on the day of closing on your home. If you don't already have an insurance company you plan to work with, please feel free to reach out to me and I will be more than happy to provide you with a list of recommendations.
04
Clear To Close
These words are music to my ears, and yours too! This means that that mortgage underwriter has approved you loan documents and we can confirm your closing date with the title company or attorney.
Your Home Matters
Thank you for choosing me to help you in the task of purchasing your home. I look forward to working with you to help you achieve all of your real estate goals.
Bradon Hyer