What are the steps of buying a home?

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.
Julie Nesbitt
Julie Nesbitt is an Accredited Buyer's Agent and Top Producing agent.  Put her experience to work for you.
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. Ownership --- Here's where the fun begins ... as does the responsibility of home ownership.

Real Estate for:

Whether you are buying your first home, moving up to your dream home, or downsizing your home and your life after the kids have gone, purchasing a home in {Location_Name} carries considerable financial and psychological weight. For this reason, understanding the ground rules for success when buying a home is important. When buying a home, making a wise decision can greatly enhance the overall value of the investment; however, making the wrong decision can have devastating and long lasting effects. Learning all you can about the world of of home buying and mortgages is necessary before you set out to purchase your dream home. Plenty of web sites are available to help first time home buyers, but one-on-one learning is the best way to learn, and the Realtors here at Nesbitt Realty can provide you with that experience. [learn more about buying real estate]
Selling a property quickly and at the best price can seem daunting in {Location_Name}. In order to ensure a fast sale, Nesbitt Realty prices our homes competitively. If you overprice, you run the risk of losing out on potential buyers. Your Realtor can help you to make sure that your home is clean, inviting, and in great shape. Our agent can point out where you should spend money and where you can save your money. Of course, a seller wants the home to show in the best possible light, so we recommend deep-cleaning, decluttering, and we'll suggest that you make any necessary repairs. It's best to stage the home with attractive furnishings and décor that complement the space. [Learn more about selling]
Property management is a business in and of itself. If you are seriously interested in investing in real estate, but you don’t want to be a property manager, the solution is really quite simple: employ the services of Nesbitt Realty. Our family-run business is experienced in the managing of day-to-day operations of properties just like yours. We manage residential properties including homes, condos, and townhouses. [Learn more now.] If you'd prefer to work with a family-run business, contact Nesbitt Realty.
Our Renters Resource Page answers common questions like:
  • Who is a Rental Agent?
  • What is the cost of hiring a Rental Agent in {Location_Name}?
  • Which areas do you serve?
  • Where may I search for homes?
  Read answers, renting tips, & more!

703 765 0300

 

Julie Nesbitt

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Julie Nesbitt is an ABR who has served buyers in some of Alexandria’s most exclusive neighborhoods.  She is a top producing agent who has listed and sold property in Northern Virginia. In addition to helping folks buy, sell and rent property in Northern Virginia, Julie is the primary administrator of the property management services performed by Nesbitt Realty and Condo Alexandria. Call Julie at (703)765-0300.