What is the process for purchasing a home?

Navigating the home-buying or selling process involves several steps, but with the right guidance, it can be smooth and stress-free. Having the right team around you can simplify the journey, eliminate surprises, and provide expert support every step of the way. From understanding the process to closing the deal, we’ll ensure you feel confident, informed, and empowered throughout your real estate experience. (see the attached Buying Process Roadmap)

Hire the right Realtor / Team: Engage a real estate broker (like Radcliffe & Associates) to guide you through the buying process, providing expertise and representation.

Define needs, goals & budgets: Outline your specific requirements for the property (e.g., location, size), set financial goals, and establish a realistic budget to focus your search.

Secure pre-approved financing: Obtain a pre-approval letter from a lender to determine how much you can borrow, strengthening your position as a serious buyer.

Select & view properties: Work with your broker to identify suitable listings and schedule viewings to evaluate options in person.

Strategize your offer: Collaborate with your broker to craft a competitive offer strategy, considering market conditions, price, terms, and contingencies.

Submit your offer: Formally present your purchase offer to the seller through your broker, including proposed price and conditions.

Mutual acceptance: Reach an agreement with the seller on all terms, resulting in a signed contract that makes the offer binding.

Deposit earnest money: Provide a good-faith deposit (typically 1-3% of the purchase price) to show commitment, held in escrow until closing.

Complete loan approval: Finalize your mortgage application with the lender, providing all required documentation for full underwriting and approval.

Contingency removal: Satisfy or waive contract contingencies (e.g., inspection, appraisal), confirming you're proceeding without reservations.

Loan funds: The lender disburses the approved loan amount to cover the purchase.

Close on your new home: Sign final documents, transfer ownership, and complete the transaction at closing.

Receive keys!: Take possession of the property and get the keys to move in.

Ready, Set, Own!

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