Buying

Buying a home can be a stressful process, but it can also be fun. Being well prepared is the key to a successful purchasing transaction. It helps to understand the purchasing process so that the right expectations can be set. A good broker/agent can assist you in making this process run smoothly.

The purchasing process consists of a number of phases: purchase preparation, purchase action and closing.

Purchase Preparation:

Decide on needs and wants for the new home

Use the mortgage calculator to decide how much you want to pay

Research local schools and select potential locations

Check on housing inventory in your desired neighborhood

Select a Centerstone agent to find you a new home

Ideally get pre-qualified, so that a strong offer can be presented

Purchase Action:

Be aware of new listings: ask us for automatic email alerts

Visit properties with your Centerstone agent as soon as possible

Determine whether the house meets your criteria

Prepare an offer with your Centerstone agent and have it presented

Enter into a contract by agreeing to a mutually acceptable offer

Closing:

Open escrow, schedule inspections and follow the time line

Submit the loan application, provide required documents

Negotiate any repairs/credits, remove contingencies

Approve preliminary Title, H.O.A. by-laws and C.C. & R's

Follow up, sign and close!

There are many details involved and your Centerstone agent can assist you! The better the preparation, the higher the probability of a successful transaction. Be aware that a seller may choose from multiple offers and typically will choose the one that meets his requirements best. Many more details will need to be addressed before the deal is "closed".

Please ask us for the 27 page booklet on buying a home. (Also available through the Resource Center)

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