BUYING A HOME
Buying a home is a big deal. The financial and emotional stakes are high - but the rewards can pay dividends for a lifetime.
Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just can't get from renting. You have a place to live when you rent, but buying is something much deeper and better.
A real estate transaction is a complex process involving stacks of paperwork and a number of outside service providers and contractors. An experienced buyer's agent can guide you through the process, answering your questions, and serving as your advocate.
With a buyer's agent, you'll have someone on your side, looking out for your interests every step of the way. Contact us today to get started.
MORTGAGE & ESCROW
The concept of a mortgage is quite simple. It’s basically a loan for a home wherein the property itself is used as collateral.
Securing a mortgage, however, can be complex. The process may take more than a month, as several parties – from the escrow officer to the loan underwriter – work behind the scenes to put it all together.
A trusted real estate agent can recommend a reputable mortgage broker or lender and help you navigate through the process.
Although it’s not the most talked-about aspect of buying a home, escrow is nonetheless a vital component of a successful transaction.
Escrow is an arrangement in which a neutral third party holds onto funds and key documents involved in a home sale and then distributes them according to the agreement between the buyers and sellers. The Escrow period begins when a seller accepts a buyer’s offer and ends at the closing table.
Purchasing a house isn’t like buying shoes; there’s a lot of money involved, a lot of steps to manage, and a lot at stake. So the buyers and sellers don’t exchange money and documents directly with one another. They do it through the escrow account.
Escrow ensures accountability. Buyers want to be sure all contingencies are met (inspection, title report, secured mortgage, etc.) before the sellers cash any checks. Sellers want to make sure they receive funds before they hand over the deed.