MAKING THE HOME BUYING
PROCESS FUN & SIMPLE
Buying a home can be one of the biggest decisions that you make in you life but that doesn’t mean that it can’t be enjoyable and exciting. We work hard to make sure that this process is as seamless as possible and that our clients feel safe, heard, and excited.
THE BUYING PROCESS
NEGOTIATIONS, DUE DILIGENCE, APPRAISALS, & APPROVALS
Why is getting pre-qualified important?
● Turns you into a qualified buyer
● Saves you time
● Gives you leverage in a multiple offer situation
● It will help you understand your maximum buying power payment, total cash needed, maximum sales price
● We can develop a timeline of when you could be ready to buy
● Ensures the seller that a mortgage lender reviewed your information and approved you to get a mortgage loan
● There is no upfront costs or obligation to move forward
● You can get all of your questions answered in a confidential setting at your own pace
SEARCH FOR YOUR DREAM PROPERTY
The next step is to list all of the features of a home that you would like, and to qualify them as follows:
● 'Must-Haves' - if this property does not have these items, then it shouldn't even be considered. (ex. distance from work or family, number of bedrooms/bathrooms)
● 'Should Haves' - if the property hits all of the 'must-haves' and some of the
'should-haves,' it stays in connection but does not need to have all of these features.
● 'Absolute-Wish List' - if we find a property in our budget that has all of the 'must-haves,'most of the 'should-haves' and ANY of these, it's the winner!
In the current market we’re experiencing, it's super important that you are reasonable
DUE DILIGENCE, APPRAISALS & APPROVALS
● Deposit (Typically 1% of purchase price, upfront cost)
● Contingencies: Securing the Loan, Appraisal and Inspections
● Inspection(s) - (we have a list of inspectors that we have used and recommend.)
● Signing Loan Docs
●Home needs to appraise for purchase price unless otherwise negotiated
● Typically 17-21 days for an appraisal contingency
Ordered by your lender. Unbiased 3rd party who does not work for buyer or seller.
● Typically 17-21 days to get a full loan approval
● The more info you give to your lender upfront the less headaches you'll have. TELL THEM EVERYTHING!
● Your Lender is a HUGE asset to actually closing the deal.
ONE LAST INSPECTION AND SIGNING YOUR LOAN DOCS
● Complete your final walk through
●Ensure the home is in the same condition as when you made the offer.
●Bring a cashier's check to closing made payable to the Title Company for the down payment and closing costs.
●Bring your driver's license or official photo ID.
COLLECT YOUR KEYS AND MOVE IN!
Take time and enjoy your new property! If you have any questions regarding your property we are always here for you.
When you're ready to sell or buy something new, we will be ready to chat!
FREQUENTLY ASKED QUESTIONS
WE ARE HERE FOR YOU!
●Seller pays Realtor fees, it costs you nothing to have us fight and protect you!!
● We are not afraid to FIGHT for you
● Know the market due to experience (advise)
● Experience will save you money
● Full-Time Agents
● Experience of over 2,400 transactions
● Well trusted and well known in the industry
● Positive track record of winning w/ multiple offers
HUGE FINANCIAL BENEFITS
●Home ownership is a form of forced savings
● Homeownership provides tax savings
●Homeownership allows you to lock in your monthly housing cost.
●Buying a home is cheaper than renting
●No other investment lets you live inside of it
THINGS TO CONSIDER BEFORE YOU BUY.
VARIES IN EVERY COUNTY, IN THE AREA WHAT IS TYPICAL.*KEEP IN MIND
EVERYTHING IS NEGOTIABLE OR POSSIBLY SUBJECT TO CHANGE DEPENDING ON SERVICES REQUESTED, SIZE OF HOME, ETC.
● Inspection - Typical: Home, Septic (upfront cost approx $500-$800)
● Appraisal (upfront cost $400-$500)
● Title Fees
● Escrow Fees
● Bank/Lender Fees Associated w/Loan
WE HIGHLY RECOMMEND YOU DO!
It’s not required, but it’s a darn good idea! Final walk-throughs give buyers a chance to make sure nothing had changed since their first visit. If repairs were requested, as part of the offer, a follow-up visit ensures that everything is squared-away, as expected, per the terms of the contract.
BOZEMAN MARKET EXPERT
Chelsea has a deep understanding of the Gallatin Valley and all of its amenities. She can help you find the perfect neighborhood to build your life here in Bozeman.
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