Whether you’re a first-time buyer, an investor, or looking to buy a second home, buying a home is a complex and often stressful undertaking. Given the array of factors to consider, the home buying journey can be rather overwhelming, so working closely with a fantastic real estate agent is so important. Brad Alewine will guide you through the buying process, supporting you each step of the way. Here is the home buying process you can expect to go through when working with Brad:
You and Brad will discuss your specific criteria regarding the area you wish to live in, the type of home and amenities you desire, and every aspect needed to find your perfect home. Once you’ve discussed your objective, Brad will utilize current market research, comps, and regional knowledge to help you find the right property.
Brad will help you find a lender, providing you with a list of reputable options. A loan consultant is another resource worth exploring to help you determine a loan amount and provide a pre-approval letter. The pre-approval process helps you figure out a home price you can afford, with the standard recommendation being to purchase a home that costs three to five times your annual household income with a 20% down payment.
Brad will utilize his experience and professional network to research available properties that fit your preferences, including off-market listings. Once a collection of homes is compiled, showings will begin based on your established criteria. If you have difficulty finding a home, you will sit down with Brad to re-evaluate your needs. The more descriptive and precise you are, the more successful your home search will be. Stay on top of this, and you’re more likely to find the ideal home you’ve been envisioning.
Once your eyes are set on a property, Brad will do all necessary research to help you put together a compelling offer. You will sit down together to write the purchase agreement, with Brad advising you on protective contingencies, customary practices, and local regulations.
After composing an offer, Brad will present it to the seller or seller’s agent. The seller/seller’s agent will either: accept, reject, or counter your offer. Brad will negotiate strongly on your behalf, doing his best to get you into your dream home.
Once a seller responds, Brad will review it with you. If the seller counters your offer, you can either accept, reject, or counter it. Note that cosmetic upgrades or other repairs can be worked into the offer at this point.
When the purchase agreement has been accepted and signed by all involved parties, Brad will open escrow for you. At this point, your initial deposit will be given to the title company — a neutral third party that receives, holds, and distributes all funds associated with the transaction.
All contingencies listed in the Purchase Agreement must be met prior to closing. Brad will coordinate the removal of these contingencies and review all associated documents with you. Typical contingencies might include:
Once all the purchase agreement conditions are met, you will sign all loan documents and closing papers. You’ll deposit your down payment and closing costs to escrow, and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Recorder’s office, and you can begin moving into your new home!
The Brad Alewine Group utilizes professional photography, print advertising and online presence that is designated to showcase your home and get it sold.
