Home -> Buyers -> Buyers Plan

Buyers Plan

• Meet with you to review the buying process and agency relationships.
• Meet with a lender to get pre-approved.
• Search the MLS for properties that might interest you.
• If you have email and internet access, then sign them you on the automatic search email/web service
• If needed, take a list of homes and ride around different areas to get a feel for the locations.
• Set up appointment(s) to view the homes you would like to see inside.
• Help with offer and paperwork. If working as a sellers agent, tell options. If working as buyers agent, advise of best course of action and options.
• You will need a $500 check payable to the listing brokers office. If the offer is accepted, the check will be turned over to the listiing office for deposit. It becomes part of the your ernest money down payment and will remain in an escrow account until closing.
• Keep the you informed throughout the negotiations until the your offer is accepted or an impasse is reached and the offer becomes null and void. Once signed and accepted the offer becomes a legal and binding document that commits the buyer and seller to draw up and sign a purchase and sales contract.
• Once your offer is accepted, you have 10 days to complete any and all inspections you chose to have performed.
• If the inspections show any major defects in the home, you can request your deposit back or re-negotiate the purchase.
• A purchase and sales agreement will be drawn up for you to be signed within 1 day after inspections are completed. You should read it and decide whether or not you want an attorney to review it.
• The purchase and sales agreement is a legal and binding document. Once signed , it commits the buyer to purchasing the property and the seller to selling it. Upon signing you will need a check for the ernest money deposit. Usually it is between 3% and 5% to a maximum of usually $10,000 less the $500 dollars put down with the offer. This money goes into the same escrow account the $500 went.
• There is usually a 3 to 6 week wait for financing approval and legal work.
• Get the commitment letter from the your lender asap. You and I need to read the letter carefully and follow any instructions. Contact the lender with any questions as quickly as possible for answers.
• Call insurance agent. You need to bring to the closing an insurance binder for your new home for 1 years pre-paid homeowners insurance.
• Start packing!
• Get in touch with the lender, attorneys, and listing agent to deal with last minutes details.
• Notify you of the closing date, time and place once confirmed.
• The day before the closing, you are entitled to a walk through of the property to make sure everything is in order. Organize the walkthrough, if you want one.
• Close. You need to bring the final closing costs, that should have been given to you that morning from the closing attorney and your ID.
• You can move in.
• Follow up to make sure everything is going well.
• Please refer your family and friends to Gary Jutras at RE/MAX Real Estate Center.