You’re ready to buy—or maybe you’re just ready to start seriously thinking about buying. There’s a lot you can do to prepare. With so much information available at your fingertips it can be hard to know where to begin, so here are a few things to help you get started.
Step one is figuring out your budget for a new home. The best way to do that is to meet with a mortgage professional who will review your income, assets, and credit history to pre-approve you for a loan. Not only does getting pre-approved allow you to narrow your home search, but it also makes your offer stronger when it comes time buy. If you do not currently have a lender, your MarketVision agent would be happy to recommend one or apply directly with one of our preferred lenders here.
Imagine your ideal home. Now make a list of everything you envisioned, such as the specific location, style, and size. Then break that list down into high-priority items you can’t live without and lower-priority things that would be a bonus.
Once you know how much you can afford and what you’re looking for in a home, it’s time to start your search. And the best place to start is online. Consider setting up a an account so you’re notified every time something new comes on the market that fits your search parameters.
Buying a home is probably one of the largest financial purchases you’ll ever make, so it’s critical to have a full-service pro who understands the market and can expertly navigate you through the intricate buying process. Link this icon with the below contact form.
Once you have found the home you can see yourself living in, what’s next? There are many steps to go through before you can officially call yourself a homeowner. Your MarketVision agent will guide you through this process, but in the meantime, here is a preview of what you can expect.
When making an offer on a home, your agent will negotiate on your behalf in order to attain the best terms for you. This can include negotiating the price, repair costs, timelines, and contingencies.
This is the legal contract a buyer and seller enter 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.
This is when you agree to pay a portion of the home’s asking price into an independent account to show the seller that you’re serious about buying. In return, they agree to take the home off the market. When the sale closes that money is put toward the down payment or closing costs.
Once the Purchase Agreement is signed, a home inspector is hired to examine the home’s health, safety, and major mechanical systems. If any issues arise from an inspection, the buyer may be able to renegotiate their offer.
After your offer is accepted, the next step is to get final loan approval. During this process, the lender will decide if they’re willing to approve your mortgage based on things like your creditworthiness and 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.
Escrow is an impartial third-party process in which documents and funds are deposited by buyers, sellers, and lenders to facilitate the closing of a real estate transaction.
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!
Whether you are looking for your first home or your dream home, your next move starts here. MarketVision agents are relentless about helping their clients realize their dreams, so that at the end of the day you can emerge with a house you’re proud to call home, and the confidence you made the right decision.
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MarketVision Agents have the experience to get you top dollar and make sure your sale goes smoothly from the initial interview to the closing table.
We will promote your home or property with online and social media ads, email campaigns, and syndication through all major real estate websites and platforms including the MLS.
Market your home 24/7 and attract more buyers with an online interactive tour of your home.
Receive weekly reports on how many people have viewed your listing online.
When selling a home, the end goal is to get the best price and most favorable terms in the shortest amount of time. MarketVision agents are experts at this process, using their mastery of marketing, pricing, and negotiation to achieve the best outcome for you. Here is an overview of the steps to selling a home.
Your overall goals, a thorough review of your home and all its unique characteristics, and an overview of local market conditions, and your home value report is what your MarketVision agent will cover with you prior to helping you set your target price.
Once you prepare your home, we will take it from there. Professional photos will be taken, marketing campaigns will be created, a sign will go up, and our attention to detail provides the best positioning of your home from the moment it is introduced to the market.
While they can be inconvenient, home showings are a necessary part of selling. When your home is on the market it has the potential to be shown at any time, so it is important to maintain a certain level of cleanliness. During home showings, we recommend stepping out to give potential buyers privacy while viewing your home.
One of the most important roles of a real estate agent is to be an advocate for their client. Every offer is different which is why assessing and understanding various risk factors associated with each offer is crucial to minimizing your risk and ensuring you reach the closing table. This is one of the many ways MarketVision agents excel by helping you understand the various loan programs, vetting the validity of financing or verifying funds, reviewing the potential exposure of any contingencies, and reviewing escrow timelines.
Once the Purchase and Sale Agreement is signed by the buyer and seller, a home inspector is hired to examine the home’s health, safety, and major mechanical systems. If any issues arise from an inspection, the buyer may be able to renegotiate their offer.
Once you have chosen a suitable offer, your MarketVision agent will handle all of the paperwork and coordination throughout escrow to ensure a smooth closing.
Wondering how much your home is worth? No calculator replaces an agent Competitive Market Analysis (CMA), but try our automated value estimate tool below as a starting point:
A MarketVision representative will contact you within 24 hours to present you with their offer!