Breaking Down The Home Buying Process
One step at a time.
Experience the difference.
Just afewsteps away from finding the right home for you.
As your trusted advisor, I will guide you through the home buying process, one step at a time, offering my professional experience during our journey and at the same time delivering an unforgettable customer experience to you
Thisismeant to be illustrative innature and allstepsare not necessarily required inthe chart below
Discuss Representation
We will review how I will represent you and discuss the Consumer Information Statement (CIS)and Buyer's Agency Agreement
-Discuss the process of buying -Determine your home needs -Review current active inventory -Design a game plan
Pre- Approval
Your offer haslittle weight without the documentation of a pre-approval letter A pre-approval better positions your offer for acceptance by the seller I can provide you with a selection of mortgage lenders to choose from
will help identify their relevance based on the criteria we established.I?ll assist you with current market value and keep you informed when new homes become available
Make An Offer I will prepare a written contract, review disclosures, include your pre-approval, present your offer, and negotiate the price and terms.
Reach An Agreement Upon acceptance of your offer by the seller, I will deliver contracts to all parties
At this time, you will be communicating with your attorney Once all parties have agreed to attorney changes, the home will be officially Under Contract
-I will provide you with a list of home inspectors or you may opt to use your own -Inspection time should be mutually agreed upon by buyer, seller, and Realtors.
The first step in the home buying process is getting pre-approved for a mortgage to determine your affordability and in which towns to focus our attention.This allows us to save time and only look at the homes that meet your criteria and budget.
I can connect you with local mortgage companies who communicate quickly and can get you the best possible rates More importantly, I know the ones who get the job done seamlessly and give you the personal attention you need
It?s important not to make large purchases during this time that could negatively affect your opportunity to secure a loan Things to avoid:purchasing furniture, a car, or making large purchases with your credit card
We will sit down together and review what you would like to have in your home, versus what you need in a home I?ll use that information together with your budget to come up with a custom search that balances all of the information we discussed
I?ll work hard to find homes that closely fit your needs and will present only the best options to you As a result of my affiliation with Christie?s International Real Estate, I have access to a wide network of inventory, some that may have not hit the market yet Once we narrow down your favorites, I will schedule a very organized tour of those homes which will allow you to decide which one is the best fit for you In the event you hear about a home, see a for sale sign, or find a property online, contact me immediately so I can schedule a private viewing for you.
- RESALEVALUE- Will this home be easy to sell again or is there something about the home which cannot be changed, such as location or style that will affect its?resale?value?
- LOCATION - Is the home in a desirable location, is it close to the things that are important to you such as schools, access to transportation and shopping?
- SIZE- Is the square footage appropriate for your current and future needs?
- CONDITION - Are you looking for ?move-in ready?or would you consider a ?fixer-upper??
It?s time to make an offer and start negotiations.
I will prepare a CMA (Comparative Market Analysis)on the home to give you the factson what other homeswith similar featuresare selling for. Together we will review the details so you are able to make an educated decision on your initial offer.You will tell me what you are willing to pay and I will work diligently to get you the best possible end result
Once we have executed the contracts. I will present your offer, along with your pre-approval letter, to the listing agent. The seller may choose to accept, reject, or counter your offer.I will guide you through the negotiation process. Once the terms have been agreed upon, the seller will sign the contract and the documents will be sent to you and your attorney for review
Within a specified time noted in your contract, your escrow deposit money should be delivered to the seller?s attorney for deposit in a trust account to be held in escrow until closing and will be applied to your down payment upon title transfer
Congratulations!
We are now ready to move to the next step, ?contract-to-close? We will schedule your inspections at this point Until things are finalized, it is possible that additional changes may be considered I will be there every step of the way to guide you through any challenges that may arise
are now Under Contract.
There are many steps that need to take place before you get the keys to your new home I will help you navigate all the critical piecessuch as inspection, appraisals, and mortgage concerns so you can experience a stress-free and seamless transaction.I will always be available to answer your questions and keep thingsmoving toward your closing.
This is your opportunity to learn about the systems in the home Some thingsmay come up, for example, the air conditioning may need service or a faucet may have a drip We will review the report together and determine if there is anything major we want the seller to address
The mortgage company will send an appraiser to appraise the value of the home Thiswill ensure the loan can move forward Simultaneously, you will be required to provide financial documents to your lender.
Together with your lender, your attorney will be working with the title company to ensure the home has a clear title
We will schedule an appointment within 10 days of closing to determine if the requests for repair were completed and that the home is in the same condition as it was when we made our offer
Closing Costs
-Down payment
-Loan application fee
-Attorney fee
-Deed recording fee
(Detailed costsprovided by yourattorney)
To do list
-Obtain homeowner?sinsurance
-Change of address
-Change utilitiesinto your name
-Cancel utilitiesof current residence
-Arrange for movers
-Confirm commitment with lender
Legal and Title costs
-Attorney Fee
-Survey
-Recording Feesfor Mortgage and Deed
-Title Search/ Title Policy
-Title Insurance:Ask for a rate schedule
Mortgage costs
-Application Fee
-Appraisal Fee
-Points (if applicable):to be determined by your lender
-Fee paid to lenderto ?buy down?interest rate on mortgage
Inspection costs
-Home Inspection
-Radon Inspection
-Wood Destroying Insect
-Oil Tank Scan
-Well and Septic Inspection
-where applicable
Miscellaneous costs
-Homeowner'sInsurance
-1%consideration if applicable
-Flood Insurance
-where applicable
New York City - Midtown
1Rockefeller Plaza, Suite 2402
New York, New York 10020
T+1212 590 2473
East Hampton
26 Park Place
East Hampton, New York 11937
T+16317717004
White Plains
1133 Westchester Avenue, N- 228
White Plains, New York 10605
T+1914 200 1515
New York City - Flatiron
156 Fifth Avenue, Suite 904
New York, New York 10010
T+1212 810 2473
New City
340 South Main Street
New City, New York 10956
T+1845 205 3521
Chappaqua
6 South Greely Avenue
Chappaqua, New York 10514
T+1914 266 9200
Nyack
2- 4 Franklin Street
Nyack, New York 10960
T+1845 512 5112
Allendale
86 West Allendale Avenue
Allendale, New Jersey 07401
T+1201904 7400
Fair Haven | Rumson
756 River Road
Fair Haven, New Jersey 07704
T+1732 800 5050
Hoboken
80 Hudson Street
Hoboken, New Jersey 07030
T+1201962 9551
Jersey City
93 Montgomery Street
Jersey City, New Jersey 07302
T+1201479 3300
Montclair
325 Claremont Avenue, Suite 6
Montclair, New Jersey 07042
T+1973 509 4649
Ringwood
55 Skyline Drive
Ringwood, New Jersey 07456
T+1973 556 4111
Spring Lake
508 Warren Avenue
Spring Lake, New Jersey 07762
T+1732 456 7373
Alpine | Closter
237Closter Dock Road
Closter, New Jersey 07624
T+1201899 7100
Fort Lee
2050 Center Avenue, Suite 300
Fort Lee, New Jersey 07024
T+1201346 0200
Ho-Ho-Kus | Ridgewood East
19 Sheridan Avenue
Ho- Ho- Kus, New Jersey 07423
T+1201447 6100
Madison 25 Green Village Road
Madison, New Jersey 07940
T+1973 520 6464
Morristown
109 Washington Street
Morristown, New Jersey 07960
T+1973 490 4567
Ridgewood
40 West Ridgewood Avenue
Ridgewood, New Jersey 07450
T+1201962 9552
Tenafly
20 West Clinton Avenue
Tenafly, New Jersey 07670
T+12017316101
Edgewater
4 Pembroke Place, 2nd Floor
Edgewater, New Jersey 07020
T+1201547 1500
Franklin Lakes | Wyckoff
837 Franklin Lake Road
Franklin Lakes, New Jersey 07417
T+1201904 2085
Holmdel
59 Main Street
Holmdel, New Jersey 07733
T+1732 444 7575
Mahwah I Saddle River
1009 MacArthur Boulevard
Mahwah, New Jersey 07430
T+1201962 9555
Paramus
688 Paramus Road
Paramus, New Jersey 07652
T+1201975 4141
Summit
47 Maple Street
Summit, New Jersey 07901
T+1908 516 4790
Westfield
254 East Broad Street
Westfield, New Jersey 07090
T+1 908 264 6090