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 Step 1- Select DC Smart Moves as Your Buyer Agent Step 2- Select Lender and Get Loan Approval Step 3- Begin Home Search Step 4- Make an Offer, Implement Our Strategies for Success Step 5- Contract Acceptance and Ratification Step 6- Complete Loan Approval Step 7- Choose Title Company for Settlement Step 8- Inspections and Removal of Contingencies Step 9- Contact Utility Companies and Prepare for Settlement Step 10- Final Walk-Thru Inspection, Settlement, and Move Step 1- Select DC Smart Moves as Your Buyer Agent I will discuss and assess your needs. (You can get started now by filling out the Buyer Questionnaire). Open communication is essential so that I may successfully find you the best home for your needs. Through market research, canvassing of neighborhoods, reaching out to past clients, professional contacts, researching the Washington Post, and attending open houses and broker's opens, I actively seek out the right home for you.  Step 2- Select Lender and Get Loan Approval Please see my Concierge page for a list of local, reputable lenders. Your lender will evaluate your financial goals and recommend a price range. When applying for a mortgage, you will need to provide the following:
SMART MOVES to find the best mortgage: http://www.federalreserve.gov/pubs/mortgage/mortb_1.htm MORTGAGE CALCULATOR
Step 4-Make an Offer, Implement My Strategies for Success Once I find your right home, I will prepare and negotiate the offer. I will recommend and discuss strategies for a winning offer based upon price and terms.
Step 5-Contract Acceptance and Ratification Once the terms have been agreed upon and accepted, your contract becomes ratified when all the signatures and initials have been completed. Next, your earnest money is deposited into an escrow account until settlement. (back to top) Step 6- Complete Loan Approval I will provide your lender a copy of the contract so they can complete the loan process. Additional documentation may be required from you by your lender. The lender will now order the appraisal which could take up to two weeks. This is one of the reasons the average settlement is completed within 30 days. (back to top) Step 7-Choose Title Company for Settlement Your chosen title company will coordinate all of the parties involved in the transaction, examine the title search to the property, conduct the settlement, and complete all necessary post-settlement work. See my Concierge List for a list of reputable settlement companies. (back to top) Step 8-Inspections and Removal of Contingencies If you choose to have a home inspection, it will most likely take place within a week of contract ratification. The cost varies depending upon property price. For a list of recommended home inspectors, please check out my Concierge List. If you purchase a condominium or coop, you have three days to review the resale package and rescind the contract if necessary with your earnest deposit refunded. (back to top) Step 9- Contact Utility Companies and Prepare for Settlement Visit my Utilities and Resources section of Concierge to obtain contact information for setting up utilities, forwarding mail and magazine subscriptions. For fast internet set up, click on www.myconnect1.com and follow the easy steps. (back to top) Step 10- Final Walk-Thru Inspection, Settlement, and Move Prior to settlement, you may conduct a final walk-thru to ensure that the property is in the same condition as stated in your sales contract. I will attend your settlement with the seller and the seller's agent. Closing takes approximately one to two hours. Your lender and the settlement processor will let you know the amount of money you need to bring to settlement in the form of a certified or cashier's check. You will also need to bring your driver's license and checkbook in case there are minor last minute adjustments. After settlement you will receive the keys to your new home and begin your move. It's time to celebrate! (back to top) |
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