buyers process presentation

BUYING A HOME

Amanda DeBordInfinity Realty Partners

BUYER CONSULTATION

• What are your housing needs• What is your timeline• Are you pre-approved• Do you need to sell in order to purchase• Legal Agency Documents

Amanda DeBord, Realtor Infinity Realty Partners

LOAN PRE-APPROVAL

• This is all confidential• Set up a meeting with a Lender• Give requested information• Get a pre-approval and preferred price range• Discuss which loan program is best for you• Begin gathering requested documents


HOME SEARCH

• Work exclusively with Amanda as a partner• Narrow down area/neighborhood• Hone in on needs/wants in your future home• Find the perfect house!


MAKE AN OFFER

• Look at the Comparative Market Analysis for the home to decide offer price

• Know your top out price and ability• Be prepared to negotiate


OFFER OUTCOMES

Rejected

Start over with a new offer OR Move on to another home

Accepted

Binding Contract OR

Counter Offer

Negotiate until an agreement is reached OR


COUNTDOWN TO CLOSE

• Begin Loan Process with Lender• Option Period begins (time is of the essence)• Earnest money to Title Company


CLOCK TICKING

• Loan underwriting and approval• Home insurance• Title search• Appraisal ordered by Lender• Survey ordered by Title Company


OPTION PERIOD

• Days purchased from Seller for all due diligence and inspections

• Contract can be canceled at any time, for any reason during the option period

• Earnest money is protected


CONTINGENCIES

• Appraisal – Can terminate and earnest money returned ONLY

if appraisal does not meet sales price

• Financing– Can terminate and earnest money returned only if

loan is declined by lender in contracted time.


CLEAR TO CLOSE

• Receive HUD-1 • Closing Costs• Closing at Title Company – all paperwork• Funding occurs – Get the key to your new

home


Amanda DeBordInfinity Realty Partners

[email protected]

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