IF YOU CAN DREAM IT, DAVID CAN FIND IT
Anyone can be a homeowner. It’s this mindset that drives David to serve his clients with the utmost attention to detail, getting to know them personally so that he can connect them the place they’ll call home.
But even with an expert on your side, buying a home is a big process. That’s why David has put together this comprehensive guide to buying — so you’ve got a map for the road ahead. The road to homeownership starts the moment you decide to buy. Before you even set foot in an open house, there are some important details to nail down to keep your home search focused and productive.
DETERMINE A PRICE RANGE
Step one is finding out your budget for your new home. The best way to do this is by meeting with a mortgage professional who will review your income, assets and credit history in order to pre-approve you for a loan. Pre-approval allows you to narrow your home search to properties in your budget, and it also makes your offer stronger when it comes time buy. If you don’t currently have a lender, David can recommend a trusted local lender.
FIGURE OUT WHAT YOU NEED
Imagine your ideal home. Then, make a list of everything you envisioned, such as the number of beds/baths, the style of home and the location. Once everything is down on paper, think about which features are must-haves, and which are nice-to-haves. All the homes you consider after this should hit everything on your must-have list, but it’s okay if they don’t have every item on your nice-to-have list.
START THE SEARCH
Once you know how much you can afford and what you’re looking for in a home, it’s time to start your search; the best place to start is online. You can peruse listings on Windermere.com as well as other popular sites, and David can also help you set up a search on the Northwest Multiple Listing Service (NWMLS), where all new listings in the region are registered. As your real estate agent, David can also send you potential listings online and take you to tour them in person.
As you broker, David is here to help you through the process, acting as your counselor, adviser and guide. Whether you have a question about a specific listing or the housing market in general, he’s here to act as your resource and empower you to make your own decisions.
YOU'VE FOUND THE ONE
As you’re probably aware, buying a home is not as simple as picking out a new couch or buying the latest cell phone. Once you’ve found a property you love, there are several hoops to jump through before it’s yours. Keep in mind that in our competitive market, you’ll likely be up against other buyers. It’s important to have a strong plan in place so you can move quickly and decisively when putting together an offer.
When making an offer on a home, David will negotiate on your behalf in order to attain the best terms for you. He’ll help you put together your initial offer and earnest money deposit, but he can also help with negotiating the price, repair costs, timelines and contingencies.
The Purchase and Sale Agreement is the legal contract a buyer and seller enter into once the buyer’s offer has been accepted by the seller. It outlines the terms and conditions of the sale and is signed by both parties.
Once the contract is signed, a home inspector is hired to examine the home’s condition, safety and major mechanical systems. If any issues arise from an inspection, you may be able to renegotiate the offer or win some concessions from the seller.
After your offer is accepted, the next step is to get final loan approval. During this process, your lender will decide if they’re willing to approve your mortgage based on things like your creditworthiness, the title history and appraisal of the home you want to buy.
This is a report for you and your lender detailing the history of the home you’re buying to ensure there are no legal barriers to purchasing it. Among other things, it helps to confirm that the seller legally owns the property and actually has the right to sell it to you.
Escrow is essentially an objective third party to the real estate transaction. The escrow agent helps to facilitate the sale by holding important documents and deposits in trust until both parties have met the terms of the sale. At this point in the process, you’ll agree to pay a percentage of the home’s asking price into an independent account to show the seller that you’re serious about buying. In return, they’ll agree to take the home off the market. When the sale closes, your deposit is put toward the down payment or closing costs.
During this final step of the home-buying process, ownership is transferred from the seller to the buyer, closing costs are paid and a number of documents are signed. After closing is finalized and recorded, the home is yours. Congrats!
WHY BUYERS LOVE WORKING WITH DAVID
"David was fantastic from start to finish.”
David was fantastic from start to finish. David helped us close on a home and stage/sell our old home in a matter of 8 weeks. He was communicative throughout the entire process and was very clear with his recommendations. Highly recommended. In working with David you are getting an exceptional broker and human being.
BRANDON BOUGHT A SINGLE FAMILY HOME IN BELLEVUE, WA.
FIND THE HOME YOU'VE BEEN DREAMING OF
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