The Home Buying Process
What to Expect When purchasing a home in Houston?
We provide discreet and professional services.
We provide discreet and professional services.
Evaluate Your Needs– What type of home do you want? Residential Home or Condominium? How many bedrooms and baths?
Balcony, yard? Type of parking? Pool? Which location? From Urban Living to Lakefront? We will establish a set of criteria about the type of home and features that are most important to you.
Loan Consultation– I will provide you with guidance in finding a financial institution, and support you in obtaining information on available financing options. A licensed loan consultant can help you determine a realistic range of affordability and will provide you with a letter of pre-approval or pre-qualification. This letter is required when making an offer on a property.
Market Education, View Properties and Select a Property – I will research available Houston real estate and show you homes or condominiums based on the criteria that we establish. As we view different homes, we will reassess your criteria as you will start to get a feel for what is important to you.
Structure an Effective Offer – Once we have found the home that you wish to purchase, I will do all the necessary research to help you structure an effective offer. When writing up the offer, I will advise you on protective contingencies, customary practices and local regulations.
Present your offer – I will then present your offer to the seller’s agent. The seller has 3 options – to accept, reject or counter. My personal knowledge of your needs and qualifications will enable me to represent your offer in the best light.
Respond to the Seller – I will review the seller’s response with you. If the seller has countered your offer, you will have the option to accept, reject, or counter. My negotiating skills will benefit you in reaching a satisfactory agreement.
Open Title – When the offer is accepted and signed by both buyer and seller it now becomes an official contract. I open title for you at the title company and your earnest money check is given to the title company to hold in their escrow account until closing, when it is then credited back to you. The title company is a third neutral party that will receive, hold, and distribute all funds associated with
your transaction.
Remove Contingencies – Prior to closing, all of the contingencies of the Contract must be met. I will coordinate the removal of these contingencies and review all documents with you.
Closing – When all the conditions of the Contract have been met, you will sign your loan documents and closing papers. You will deposit the balance of your own down payment and closing costs to the title company and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Courthouse you will take ownership of your home.