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Process of Buying a
Home
Orientation: In
the initial interview,
youll meet with my assistant
John Holmaas Jr and
me to share your expectations
and learn about the
entire process of buying
a home. I hope
to share with you valuable
market knowledge about
different areas, home
prices, available financing,
what you can qualify
for, and normal procedures.
Based on your wants,
abilities, and needs,
you establish priorities
in price, size, style,
and area. Using
this information, I
will begin the search
to find your new home.
Often this is started
using the internet and
email as I can send
along homes you can
preview online.
Financing: Putting
all the things you need
to make a loan application
together can take some
time so take the list
that is included in
this report to avoid
any delays. Many
times, people wait until
they find a home and
negotiate a contract
to make a loan application
for a specific type
of mortgage.
Another strategy is
to actually apply for
pre-approval prior to
finding a home.
This will give you a
firm commitment and
can be helpful in negotiating
the contract. During
multiple offers, often
the seller will accept
the offer with the pre-approval
over one without.
Formulating an Offer: When
you find the right home,
you will want to make
an offer to purchase
it. This is done
in writing specifying
every detail that is
part of the agreement.
There are standard Washington
State forms that are
used. Let me know if
you would like a copy
of these forms prior
to the home search process.
Settlement: The
last step is to assemble
all of the loan papers
at the settlement.
You will need to pay
the balance of your
down payment and your
closing costs at this
time. A cashiers
check is required for
these funds.
Next - Pre-Approval
Process
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