Buying a new home doesn’t have to be stressful. I am here to guide you every step of the way, with proven strategies that allow me to deliver for clients time and time again. This Buyer’s Guide will give you a sense of what the purchase process looks like when working with me.
Assessment of the property's market value, for the purpose of obtaining a mortgage and performed by a licensed appraiser.
Value placed upon property for property tax purposes by the tax collector.
Expenses incidental to a sale of real estate, such as loan fees, appraisal fees, title insurance, and escrow fees.
The statement which lists the financial settlement between Buyer and Seller, and the costs each must pay.
Certain criteria have to be met in order to finalize the sale. Your buyer contingencies give you the right to exit the transaction and recoup your deposit if the criteria are not met.
A mortgage or Deed of Trust not obtained under a government insured program such as FHA or VA.
Money given to a buyer from a seller through escrow at closing.
A neutral third party that handles the transfer of any money during the sale of a home from initial deposit to final funding and closing.
Buyers in California usually deposit 3% of the purchase price to show that the buyer is serious about purchasing the home. It is usually refundable in the event a contingency in the sales contract cannot be met.
A loan on which the interest rate and monthly payment do not change.
A policy that covers certain repairs (e.g. plumbing/heating) of a newly purchased home for a period of time, typically one year.
A report showing the condition of title before a sale or loan transaction. After completion of the transaction, a new title insurance policy will be issued.
Insurance to protect the buyer and lender against losses arising from disputes over the ownership of a property.
Money paid to the lender for recording a home sale with the local authorities, thereby making it part of the public records.
Buying a new home doesn’t have to be stressful. I am here to guide you every step of the way, with proven strategies that allow me to deliver for clients time and time again. This Buyer’s Guide will give you a sense of what the purchase process looks like. If you’d like to learn more, let’s schedule a complimentary buyer’s consultation where we can develop a customized plan, unique to your needs and goals.
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