Buyer's Process
Outlining Your Objectives
- What is your motivation to buy?
- What price range are you considering?
- What is your timeline to move?
- What are your ideal features and “non-negotiables”?
- What are you looking for in a neighborhood?
Planning and Preparation
- Discuss objectives and process
- Select a lender and begin approval process
- Obtain loan approval letter
- Sign exclusive buyer-broker agreement
- Research neighborhoods of interest
Understanding the Market
- Review your neighborhood references
- Consider personal timing and seasonal factors
- Analyze active, pending, and sold properties
- Discuss market forces: supply v. demand, macro v. micro
Finding Your Home
- Browse and review online listings
- Network with local agents to uncover new and off-market homes
- Attend open houses
- Select ideal location and home
Offers and Negotiation Strategies
- Review purchase contract
- Discuss objectives and processes
- Create offer presentation highlighting buyer strengths
- Negotiate to optimize price and terms
- Accept offer/counter-offers
Escrow Process
- Notify escrow of acceptance and send fully executed contract
- Wire initial deposit to escrow per terms of agreement
- Notify lender to begin the loan and order appraisal
- Sign and return opening package of escrow instructions
- Contract insurance agent regarding homeowner’s coverage
- Provide escrow with vesting (title) information
- Sign loan documents
Inspections and Disclosures
- Review seller’s disclosures and reports
- Schedule all desired home inspections, including termites
- Approve or negotiate repairs based on the inspection reports
- Review and approve preliminary title report
- Meet deadlines and remove contractual contingencies
- Schedule final walk-through prior to close of escrow
Closing
- Review closing statement from escrow
- Meet with escrow to sign loan documents
- Arrange to wire the down payment and closing cost
Working Together Agains
- Taya DiCarlo and Compass are here for you
- Yearly home valuation to keep you informed
- Second homes and investment properties
- Provide resources and introductions
- Referrals, testimonials, reviews
