The Home Buying Process
Purchasing a home is a BIG event – something most people only experience a few times in their life. There are a lot of moving parts and it takes an expert to help guide you through the process. Fortunately, I am here to be with you along every step of the way to make sure your home buying process is straightforward and simple.
Here is an overview of the home-buying process:
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Step One: Contact Your Realtor Dena Musfy
Timing: 15-30 minutes
Here we will have an initial discussion about your needs and wants in your home. What area are you looking for? How many bedrooms? Do you need to be near a good school? What do you want your work commute to look like?
I like all my clients to have a list of “must haves,” “nice to haves,” and “absolutely nots.” This way I know what to look for (and what I should never show you). We’ll review everything so I know exactly what homes I should take you to see!
I’ll also give you an overview of my process so you can feel completely confident working with me as your realtor!
Want to get a jump-start on this step? Fill Out the Buyer’s Questionnaire below. It will be sent directly to me so I can begin finding you the home of your dreams.
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Step Two: Contact A Reputable Lender
Timing: 15 minutes
Home sellers only want to sell to people who are actually able to pay for their house.
That’s why it’s incredibly important to get a loan pre-approval so you are ready to move when you find the home of your dreams.
I have many trusted loan officers I can refer you to so you know you are in good hands.
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Step Three: We Find the Home of Your Dreams
Timing: Varies
Now that you have your budget approved and ready to go – we’ll start viewing homes for you. Because of Compass’ innovating technology and expansive reach, we can show you homes on the market AND homes that are not listed on the MLS.
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Step Four: I Submit Your Offer, Negotiation, & Agreement
Timing: Varies
This step moves pretty fast because sellers know how much they are actually willing to accept. I am a Master Certified Negotiation Expert, so you can feel confident you are in the right hands during this step.
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Step Five: Due Diligence Period
Timing: 10-14 Days (Including the Negotiation & Agreement Period)
Earnest money and inspection costs are due at this time. Other action items during the Due Diligence Period include:
Option Fee
Investigate Property
Hire a Property Inspector
Hire a Termite Inspector
Conduct Additional Inspections (i.e. Hydrostatic, Stucco)
Negotiate Inspection Items
Order HOA Docs (if applicable)
Apply for Loan
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Step Six: Contract to Closing Activities
Timing: 30-45 Days from Due Diligence Period and Client and Agent Attend Closing
During this phase, there is an option to back out of the contract if you are not satisfied. This stage includes:
Schedule a Closing Date
Order Homeowner’s Insurance
Order Survey
Order Home Warranty
Contact Utility Company
Obtain a Certified Check for Funds
Work Out Payment Details with Lender, Title Company
Conduct Final Walk Through
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Step Seven: Client and Agent Attend Closing
Timing: 30-45 Days from Due Diligence Period and Client and Agent Attend Closing
Closing costs and down payments are due at this time. In this phase we will:
Sign Loan Paperwork
Transfer Home into Your Name
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Step Eight: You’re a Homeowner!
It’s time to move in and start making memories for a lifetime.
“ Dena was an informative and supportive presence while looking for our dream house. She was incredibly responsive during the search phase, and and helped us get the best deal during the negotiation phase. She also had GREAT resources to share with us for getting floor + window quotes. Would recommend her in a heartbeat.”