Buying Process

Financial Assessment: Determine your comfortable spending limit. If financing, obtain a pre-approval from a lender. For cash purchases, ensure you can provide proof of assets. Be prepared for a down payment, typically ranging from 5% to 20% of the property's price.

Define Preferences: Specify your desired home features, such as the number of bedrooms and bathrooms.

Neighborhood Selection: Identify two or three neighborhoods that align with your lifestyle and needs.

Contract Review: The seller's attorney drafts a contract for your attorney's review.

Due Diligence: Conduct thorough checks, including home inspections, appraisals, title searches, land surveys, and reviewing disclosures, to ensure the property's condition and legal standing.

Application Submission: With an executed contract, proceed with your mortgage application.

Required Documentation: Provide employment details, information on assets and debts, income verification, credit history, and specifics about the property.

Scheduling: After mortgage approval, coordinating parties set a closing date.

Finalization: Attorneys and agents collaborate with banks to finalize the transaction. Upon closing, ownership is officially transferred, and you can take possession of your new home.