BuyerGuide

The Guide to
Buying a Home
Making
Offer
The
Price
The
Move-in
Date
Additional
Property
Once you have found the property you want, we will
write a purchase agreement. While much of the
agreement is standard, there are a few areas that we
can negotiate:
What you offer on a property depends on its condition, length of
time on the market, buyer activity, and the urgency of the seller.
While some buyers want to make a low offer just to see if the seller
accepts, this often isn’t a smart choice, because the seller may be
insulted and decide not to negotiate at all.
If you can be flexible on the possession date, the seller will be
more apt to choose your offer over others.
Often, the seller plans on leaving major appliances in the
home; however, which items stay or go is often a matter of
negotiation. Typically, you will not be present at the offer
presentation - we will present it to the listing agent and/or seller.
The seller will then do one of the following:
- Accept the offer
- Reject the offer
- Counter the offer with changes
CONGRATS!
YOU'RE APPROVED
FOR A LOAN!
Follow these tips to
protect your loan.
DO:
Notify your lender of any address
change, whether it's your home
address or another listed on your
application
Notify your lender of any salary
or wage changes
Be prepared to provide proof of
significant bank deposits
Acquire homeowner's insurance
immediately after going under contract
Keep all forms of debt paid
and in check
DO NOT:
Make large purchases using existing
credit without first talking to your lender
Apply for or acquire any additional lines
of credit
By far the most common is the counteroffer. In these cases, my experience
and negotiating skills become powerful in representing your best interests.
When a counteroffer is presented, you and I will work together to review
each specific area of it, making sure that we move forward with your goals
in mind and ensuring that we negotiate the best possible price and terms
on your behalf.
Pay off, transfer, or close credit balances
unless your lender instructs you to do so
Change jobs without first talking to
your lender
Co-sign for another person seeking
to obtain a line of credit or to make a
purchase
Pay off collections before conferring
with your lender
HAVE-ON-HAND
A month's worth of your most
recent pay stubs
Copies of your federal tax returns
and W-2’s from the last two years
The names and addresses of
your employers over the last
two years, compiled into
one list
Last two months of
bank statements
A copy of your real estate
agreement
The names and addresses of
your landlords over the past
two years
Divorce/separation decree
Child support papers
Bankruptcy, discharge of
bankruptcy papers