The Home Buying Process Team
Buying a home is a process that involves a team of individuals with specific areas of expertise. Often the first person you work with is the real estate professional to help secure the perfect property but the team extends far beyond this.
You will need to secure financing which will involve working with a bank or mortgage broker to find you the rate and terms. Once approved, you will have confidence to purchase in the price range you can afford. It is a good idea at this point in time to consider a lawyer to work with. You want to consider one that specializes in real estate law. Their help is essential especially as you draw nearer to the closing date.
Once you have a successful offer on a property, numerous experts come into play especially if your offer contained conditions on financing or inspections. First of all, you will want to send the accepted Agreement of Purchase and Sale to your lender so they are able to complete your mortgage approval.
Secondly, if your offer is conditional upon a home inspection, you will want to arrange this as quickly as possible. The inspections are valuable tools for buyers as it helps you better understand the condition of the home and what repairs may be required. A qualified and experienced home inspector will examine the major systems in the home including electrical, plumbing, roofing and ventilation, condition of the hot water heater repair and cooling, as well as the foundation and structure of the home. If the property is in the country, a qualified professional in the septic and well industry may be required to address these systems.
When choosing an inspector to work with it important to consider their experience, training and any associations they belong to.It is up to you to decide whether the results of the home inspection are satisfactory. If the inspection reveals deficiencies you are not comfortable taking on, discuss this with your real estate professional as termination of the contract may be an option. On the other hand, if you are pleased with the outcome of the financing package and all of the inspections then, you are in a position to make the sale firm. This is when you will see a sold sign on the property.
As you can see there are many details to consider while moving through the process of buying a home and having an experienced team of experts can make the difference. An experienced real estate professional is a valuable resource to guide you through the steps and help you find the experts that you will need. Contact the Woolcott team to get started on your home buying needs.