BY COURTNEY CHARNEY
If you are considering buying a home, feel free to utilize the information below and consider this page your personal home-buying resource center.
STEP 1 – THE PREAPPROVAL
In order to best determine the budget for your new home, contact a qualified lender to help assess how much “financial burden” you are willing to assume. The lender will review your finances and issue a formal pre-approval letter indicating the maximum loan amount that their financial institution will agree to lend. This letter is important because it will be submitted with any formal offers and ensures sellers that there will be no problems with financing the home purchase. I work with a variety of lenders and can put you in contact with the one that best fits your needs.
STEP 2 - THE HOME SEARCH
The initial home search will be broad as we will look at all homes that meet your specific criteria (i.e. neighborhood, school district, price). We will narrow the search as you become more knowledgeable about the criteria you deem most important. I will register you for a service that automatically delivers email updates on newly listed homes that meet your criteria.
STEP 3 - Submitting an Offer
Once you find your new home, we will put together a formal offer. The offer process may go through several iterations, but my primary goal is to achieve the best price and the most favorable terms possible. Once your offer has been accepted, escrow will be opened at a title company.
STEP 4 - Escrow Management
During escrow, I will arrange for the completion of any necessary inspections in order to secure the funding of the loan. If any repairs need to be made as a result of the inspections, I have a variety of qualified resources to perform any required work.