1018 Jefferson Avenue

Charles Town, WV 25414

Phone: (304) 728-2000 ext 223

BUYERS

Buying a home can be an exciting, yet vulnerable, time with the many decisions you will need to make.  Choosing the right REALTOR® is your first step to ensure you have someone on your side, protecting your best interest.   As your REALTOR®, I will keep in mind your specific needs, while finding the right home for you in the shortest amount of time and negotiate the best price for you. I look forward to helping you during this time of change.

 

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Before Getting Started

 

After choosing your REALTOR® the next step is to get Pre-Qualified with a lender before beginning your home search. The lender will help determine how much you can afford and what will be a comfortable budget for you. They will take into consideration what you will need for your down payment, what your monthly payment will be including taxes and home owners insurance, and any closing costs needed to buy a home. I can recommend several lenders if you do not have one in mind to help with your loan process.

 

The Buying Process

 

Step 1 - Determine the Buyer's needs:

 

• What area do you want to live in?

• What price range have you been pre-qualified for?

• How many bedrooms and bathrooms do you require?

• Do you need a garage?

• What size acreage are you looking for?

• What is the minimum amount of square footage desired?

• Are schools important to you?

• Are there any other specific criteria that you are looking for in a home?

 

By answering these questions, I can then get a good feel for what you are looking for in a home and we can get started!

 

 

Step 2 - Viewing Homes:

 

After determining your needs, we can view the homes online together at my office or I can email them to you to view in the privacy of your own home. Once you have selected the homes that you want to see I will arrange a time that is convenient for you and schedule the showings. While we view the homes, I will help point out items to look for in a home that could increase or decrease value when the time comes for you to sell.  I will always have your best interest in mind.

 

Step 3 - Writing an Offer:

 

Once you have found the right home, I will do a comparable market analysis and check the history of the property determining if the home is priced fairly. Together we will go over the necessary paperwork to write the offer, making sure you understand details involved and how you are protected throughout the process.  I will then present the offer to the seller's agent and we will begin negotiations. Counter offers may go back and forth verbally until both parties are in agreement. At this time, the final contract will be signed and sent to the listing agent. An earnest money check written out to the escrow agent (usually the firm representing the seller) and a due diligence check written out to the sellers will accompany the contract to the listing agent. The home is then considered to be "under contract" with a "due diligence" period as stated in the contract.

 

 

 

 

Step 4 - Loan Application:

 

Although, you have already been pre-qualified by your lender, it is in your best interest to speak with your lender prior to writing any offers to ensure they can handle the "due diligence period" you will be requesting.  Loan items included in your due diligence period include the appraisal and time for your lender to verify both your income and employment, request past copies of your tax returns, and check your credit to ensure that you will be approved for the loan. During this time, you will also order your home owner's insurance. Once your lender has everything in order, your loan will be transferred to underwriting for final approval. The underwriter may ask for more documentation throughout the process if needed.

 

Step 5 - Due Diligence Process:

 

During your due diligence period, it is expected that the buyer give a negotiated amount of money directly to the seller in consideration that the seller is taking the property off the market for an agreed upon time (due diligence period). During this "due diligence period" the buyer conducts "all" desired tests, surveys, appraisals, loan applications, investigations, examinations and inspections on the property. Any requested repairs by buyer to seller would need to be submitted prior to the end of this period as well. During the due diligence period, the buyer may get out of the contract for "any" reason and receive all earnest money back, but seller gets to keep the due diligence money. If the buyer goes past the due diligence period, and wants out of the contract, then he may be considered in breach of contract and could lose his rights  on getting the earnest money back.

 

Step 6 - Closing on the Property:

 

After any negotiated repairs are completed by seller, we will do a final walk through at the home to verify repairs were made and to ensure that the property is in the same condition as to when you made the offer. Closing will be scheduled with the attorney of your choice on or before the date stated in the contract.  If needed, a recommendation of several attorneys can be given to you to choose from.  The attorney will do a Title Search on the property and order a survey. The attorney and your lender will work together to create all the documents. Your lender will advise you as to how much money to bring to the closing.  You will need to bring a certified check written out to the attorney. Once all documents have been signed and the deed has been recorded, you will receive the keys to your new home!

 

Deana Thorsell, REALTOR® , GRI

ERA Liberty Realty

1018 Jefferson Avenue

Charles Town, WV 25414

 

Cell: 304-264-6335
Office: 304-728-2000 x223

Fax: 304-728-2002

Email: wvdeana@hotmail.com

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