Buying
Hey Congrats!
What an exciting journey you’re about to go on.
Many areas of the country are transitioning out of the very strong seller’s market we’ve been in for the last two years, but as we know real estate is a local industry so we’d love to connect you with one of our Local Experts to talk about what to expect in your community.
Below we’ve included some general information about the buying process. When you’re ready, give us a call. We’re happy to help!
The Process of Buying a Home
Connect
Meet with an Agent at The Local Element to map out your goals and sign buyer agency agreement
Pre-Approval
Determine what you can afford, get a credit check, and pre-approved for a loan
Search
The moment you’ve been waiting for: searching and touring homes!
Offer
Work with your Agent to put together an offer for seller review
Offer Accepted
Congrats! Work with your Agent to schedule an inspection and coordinate a deposit
Inspection
Attend the inspection and review the report
Appraisal
The bank will order an appraisal to confirm the value of the home
Underwriting
All documents reviewed by an Underwriter one more time to approve the loan
Clear to Close
Woot Woot! Let’s get the closing scheduled!
Close
Congrats – You legally own your home!
Set Up Accounts
Through online portals, set up your mortgage payment and utilities.
Possession
You will get the keys on the day it was agreed to in the purchase agreement
What can you expect when buying a house?
Knowing what to expect when looking for a house can be a bit intimidating, but we don’t want it to be. Not only are our Local Experts trained in walking alongside you during the whole process, but you can also download our buyer’s guide which will include information like:
seeing houses
putting in an offer
contract guidelines
inspections
home warranties
closing
Download Our Buyers Guide
Download our buyer’s guide for all of the information above as well as for additional resources like how to get the process started, what the current market looks like, a buyer’s checklist, and making a game plan tailored to your needs!