Prequalify with your professional agent to know what price you can afford.
Decide what location, features and priorities are important to you.
View several homes in your price range to determine your choice.
In purchasing your new home, the initial step will be to instruct your agent to make an offer to purchase. This offer must be in writing and accompanied by an earnest money check to show "Good Faith". This offer should include:
Homeowners Insurance. Proof of current policy is necessary at the clsoing.
The amount you are willing to pay.
Closing and occupancy dates.
Any contingencies including obtaining of mortgage, building and pest inspections.
Any personal property specifically included or excluded.
If the offer is not acceptable, further negotiations are necessary to reach terms agreeable to both buyer and seller.
When the buyer and seller agree on terms, the buyer immediately applies for financing, taking the necessary credit information to the lender. The buyer should stay in touch with their loan officer weekly during the loan process.
Be patient! The lender will arrange for a credit report and appraisal of the property and begin processing the loan. This may take 2 - 6 weeks, depending on the type of financing.
Once loan approval is received the agent will see that the abstracting has begun and all necessary contingencies are met.
The Closing. Buyer and seller meet with the lender and Realtors involved to perform the closing transaction. Afterwards, the documents are filed at the courthouse. Possession and occupancy are agreed upon at the time the contract to purchaser is agreed upon.
At Searcy Realty & Auctions, Inc., our job does not stop here. We like to follow through to help you get aquainted with the neighborhood and get involved in the community. When you are ready to sell again, we want to keep you as customers and valued friends. We hope you will love Robertson County and the surrounding areas as much as we do.