It’s a waste of time and energy to look at homes that are outside of the budget, so prequalification is the first step for any home buyer. If you choose to work with Nesbitt Realty here are many of the steps that we’ll be taking on the road to home ownership.
- Tour properties — We’ll take a top level tour of some of the properties that are in your budget. This gives the client something concrete and real to think about so that you can decide whether this home ownership thing is for you or not. It also gives us a chance to see which properties most interest you so that we can rely upon our experience to identify communities and properties you may have overlooked.
- Revisiting — We’ll revisit those communities that hold the greatest interest and look at everything available in those communities.
- A few more choices — If none of these really feel right, we’ll find a few more to consider and continue with the search.
- Make an offer — When we’ve found the property that stirs the soul, fits the budget and feels right, your agent will prepare an offer. At that time we’ll collect earnest money.
- The earnest money is evidence that the seller is serious about the purchase and is held in escrow until the sale is completed. We’ll submit a preapproval letter, a copy of the earnest money deposit and the signed offer for the seller to consider.
- Negotiations — Sometimes there is a difference between the asking price and the selling price. The selling price is determined by negotiation. We’ll pass drafts of the contract back and forth until the buyer and seller have agreed on all terms.
- Loan processing — Your loan officer will then collect additional documentation from the you and from your agent. This documentation will serve the purpose of proving the representations made in the loan application process. The buyer will produce pay stubs, bank statements etc. The loan office and agent will also order an appraisal as required by all lenders.
- Settlement — Settlement is the word used to describe the actual transfer of ownership. We’ll settle on the property in a timely fashion on an agreed upon date. Settlement will occur at a title company’s office and a settlement agent will ensure that funds are present as is marketable title.
- Ownership — Here’s where the fun begins … as does the responsibility of home ownership.
Real Estate for:
We help our clients buy homes in Northern VA.
Our home buyer’s resource page will answer common questions like:
- Why Nesbitt Realty?
- What is a buyer’s agent?
- What is a buyer’s rebate?
- How much does representation cost?
- How we find your new home?
- How much home can you afford?
- How much are closing costs?
The best way to update a property is to paint it. It’s a job that many sellers can do themselves.
Here are six suggestions for making the work go quickly.
- Move the furniture. Get as much furniture as possible out of the way, and then cover what’s left with plastic drop cloths held in place with masking tape.
- Buy good paint. Top-quality latex interior paint will hide what’s underneath and make the job go faster.
- Tape the edges. Taping the edges with painters tape will speed up the job and make the results more professional.
- Work top down. Paint the ceiling first, then the walls, then the windows and trim and finally the baseboards. This will cut down on time spent repairing drips and splatter marks.
- Cut in the corners. Applying a three-inch band of paint around the edges will allow you to fill in the middle with a paint roller.
- Apply paint generously. Trying to stretch the paint won’t save sellers any money if they have to repaint.
Source: Paint Quality Institute (09/21/2010)
Prореrtу mаnаgеmеnt can bе used by any tуре оf рrореrtу owner that juѕt dоеѕn’t hаvе thе time or expertise to саrе for аnd run a rental property. Contact us or read more if you need assistance or want to learn more about our property management services.
We love helping our clients achieve their real estate goals.
Renters who have a pet or more than one pet may face additional challenges when renting a condo or a house. One of the primary challenges the renters may face is finding a living situation which is acceptable to them and also willing to accept their pets. This can be difficult as many rental properties do not allow pets at all. Those who do allow animals on the property may place certain restrictions on they size and breed of animal which may reside on the property.
Your agent can help you identify and target properties that allow pets. Your rental agent can save a lot of time and can get you to your next home with the least amount of troubles. [Read more about rental agents]
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