BUYER & TENANT INFORMATION
Purchasing a home is a very important decision and a big undertaking in your life. We are going to make sure that you are well equipped and armed with up-to-date information for your big decision. The D’Anthony Group looks forward to meeting your Real Estate needs every step of the way! Don’t forget that buying a house should be an exciting and fun experience; but there are times when negotiations don’t go well, appraisals don’t work out, or inspectors find issues too big to overcome. In these instances, emotions can become overwhelming, but is important to remember that your dream home is out there and that we can’t wait to help you find it!
- You will get an idea of your interest rate and monthly payments
- You won’t waste time considering a home you can’t afford
- You’ll choose the type of loan that works for you and know how much cash you’ll need for a down payment
- A pre-approval is required when submitting an offer, so that the sellers know you are a qualified buyer
After pre-approval has been obtained, we will establish your “must-have” list. We will then create a customized search that will provide a list of all homes currently on the market that fit your criteria. In addition, we will send you e-mail updates as new homes are listed that meet your requirements. Then we will set up showings on the properties that you’ve chosen. Once you begin looking at homes, you will narrow down what “must-haves” are truly important to you. If necessary, your search will be revised and we will continue looking until we find the house of your dreams.
- Earnest Money
- Inspection Fees
- Appraisal Fee (paid to the lender)
Exact closing costs depend on the lender you choose but are approximately the same across the industry. Not all lenders charge an origination fee. Examples of closing costs are:
- Homeowners Insurance
- Recording of The Deed
- Home Inspections conducted
- Listing agent will deposit your earnest money deposit into escrow
- Title will be ordered from the title company
- Written request for pay-off or assumption information is sent
- Title information is forwarded to lender
- Title company coordinates with the lender, prepare any other necessary documents, and finally prepare the settlement statement.
- Appraisal is required by the bank when taking out a mortgage
- Purchase and pre-pay one year of homeowner’s insurance
- Confirm closing costs prior to settlement & provide a certified check
- Settlement: Various documents will be prepared for signature
Several days prior to settlement, you lender will contact you with the exact amount of money you’ll need to bring to the settlement table in the form of a cashier’s check or certified check from the bank. You will also need to bring photo identification and your personal checkbook as well just in case there are any discrepancies from what the lender told you. This happens occasionally, and it’s typically just a small amount.
Before settlement takes place we will conduct a final walk-through of the home. Generally, this happens the day before or the day of settlement. This gives you a chance to make sure the home is left in satisfactory condition and to check that all the work from inspection negotiations has been completed. The day of closing, expect for the process to take up to an hour. We will accompany you to settlement and you’ll also see the mortgage lender, a title clerk, the sellers and their listing agent. You will sign all the mortgage documents and necessary paperwork to make the home officially yours. The keys will be handed over to you and you’ll live happily ever after!
After settlement, if you have any questions about your mortgage, taxes, your new home, or anything else, we’ll be here to help. Feel free to call The D’Anthony Group anytime.