TheHome BuyingProcess
Your GuidetoPurchasingProperty
PRESENTED
BY
SNEHA PATEL
SN EH A PAT EL
ALeaderinLuxury
Sneha Patel, Global Real Estate Advisor
781.316.4800
Sneha Patel@GibsonSIRcom
54 Central Street Wellesley,MA02482
With the utmost patience, resourcefulness, and dedication, Sneha Patel provides truly elevated experiences for her valued clients. Sneha brings years of experience as a Realtor to her role having participated in more than $250 million in sales transactions during that time She was part of a high-ranking/ top team in Wellesley with a commitment to excellence and a track record of success Sneha is known for delivering superior service and achieving outstanding results
With access to the best resources, technology, and market insights, Sneha provides unparalleled support to her clients Her deep market knowledge, inventive problem-solving skills, and genuine passion for helping people make her a trusted advisor for first-time buyers and seasoned sellers alike.Understanding that buying or selling a home is a significant life milestone often filled with complexities, Sneha works tirelessly to help her clients navigate potential obstacles and bring their dreams to fruition She believes in building lasting connections between people and their homes, prioritizing relationships and exceptional client service above all else
Through her deep understanding of design and renovations, Sneha excels at helping clients visualize a home?s potential and tailor spaces to meet their needs She is a skilled marketer, a sharp negotiator, and masterful at achieving results for her clients with creative and strategic measures.
Sneha is a proud resident of the town of Wellesley, where she served as a board member of Sprague School PTO and the Wellesley Mothers Forum, a local not-for-profit member-driven community organization She is currently a member of the Wellesley Hill?s Juniors Women?s Club, a group of committed women who work together to help those in need
Prepares a Comparative Market Analysis
WhyWorkwith aBuyer?sAgent?
The decision to purchase a home is likely one of the largest financial and lifestyle decisions you will make By aligning yourself with a trusted advisor,you will be well positioned to find the right property,negotiate fair terms and overcome any obstacles that occur along the way
Leveraging our vast local expertise,industry connections,and resourceful tools,your Gibson Sotheby?s International Realty advisor will not only assist in helping you find the right home, but guide you through the entire purchase process
Give your self every advantage
STEPS TO BUYING A HOME
From initial meetings to the final closing,below is an overview of what to expect throughout the home buying process.
01| GET PRE-APPROVED
The first step of the home buying process is getting pre-approved for a loan During this process, your mortgage lender will review your income and credit history to determine what size loan you are eligible to receive
02 | BEGIN THE SEARCH
Once you have determined your budget, you and your agent will meet to review your wish list, desired timing, and begin your search Together you will review inventory and visit properties.
03 | OFFER STRATEGY MEETING
Prior to preparing an offer, your agent will show you comparable properties and collaborate with you to clearly review different offer strategies. You have the right to a home inspection, a mortgage contingency and a lead paint inspection. Discuss ways to make your offer more appealing and the implications including having a pre-inspection or waiving your rights to other contingencies
04 | SUBMIT AN OFFER
Once you find a property that you love, you will choose an offer strategy and discuss with your agent how to position your offer to get it accepted Based on the seller's response, your agent will guide you through next steps Offer deposit due (typically $1,000).
05 | SIGN THE PURCHASE & SALEAGREEMENT
After the offer and terms are accepted, the seller?s attorney will draft a Purchase and Sale Agreement It states the final sale price and all terms of the purchase. This binding contract needs to be reviewed by your attorney prior to you signing it P&S deposit due (typically 5%).
06 | FORMALLY APPLYFOR A LOAN & LOCK IN YOUR RATE
Your mortgage lender will work with you to review all final loan documents
07 | APPRAISAL
The property will be reviewed by a licensed professional to assess its value
08 | HOME INSURANCE
You will need to review various options and select your homeowners insurance policy
09 | FINAL WALK-THROUGH
Just prior to the closing, you will go through a final walk-through of the property. This will ensure that the property is in the same condition as when you visited previously.
10 | CONGRATULATIONS!
Once you sign the final paperwork, exchange the payment, and the transaction is recorded at the Registry of Deeds, you are officially a homeowner Congratulations, you will now receive the keys to your new home
PeopletoHave onYourTeam
BUYER?S AGENT
Take your time to select a buyer?s agent with whom you feel comfortable discussing your goals and priorities in home buying.Agood agent is knowledgeable in market prices, neighborhood qualities,and the offer process. In addition to helping you shop for homes, using their experienced eye to point out features and flaws in the home that you might otherwise miss,they will negotiate on your behalf and will be your advocate from the beginning of the process right through closing
REAL ESTATE ATTORNEY
Ask friends,co-workers or your real estate agent for referrals to a good real estate attorney Don? t be shy about interviewing them,and finding one you are compatible with, who regularly represents home buyers and sellers Your attorney should be reasonably affordable,accessible and not too busy for you.
LENDER
Your lender is the one who assists you with borrowing the funds to purchase your home, typically in the form of a mortgage.Your lender should have a variety of consistently competitive lending programs They should also be accessible as you may need them on weekends or at night especially during the offer process.
INSURANCE AGENT
The insurance agent comes in after you have signed the purchase and sale agreement Most lenders will not close the sale until the buyer has purchased insurance on the home
HOME INSPECTOR
However similar they may seem,a home inspector is different than an appraiser The home inspector can enter the home buying process either before or after the offer is submitted The inspector takes a deep dive into the home's condition and points out any areas of concern Armed with this information, the buyer can ask the seller to complete some of these repairs themselves,lower the total purchase price,or terminate the sale altogether.
CONTRACTORS
You may need various contractors throughout the process to assess issues that came up at the home inspection,or provide estimates for work you would like to do once you purchase the home Your real estate agent can usually help you with references for good contractors, including plumbers,electricians,painters, contractors,movers and cleaners
TheRight Tools forYourSearch
DEPOSIT LINK
A simple,secure,and efficient way to send earnest money deposits electronically Payments clear in less than 24 hours.You can safely send your deposits from anywhere Track the status of transfers in real-time with your phone
OFFMARKET & COMING SOON
Our powerful network has access to exclusive off market inventory as well as properties before they launch on the MLS
SOTHEBY'S INTERNATIONAL REALTY®
WEBSITEAND
APP
Our enhanced website now in 16 languages engages millions of buyers via high-resolution photography,3D virtual reality tours,and ultra-high-definition videos Listings from around the globe can be accessed seamlessly on any device and mobile users can directly text their buyer's agent from any listing page
REALSCOUT
A collaborative home search tool that allows our clients and their buyer?s agent to share listings,compare properties and spotlight market alerts throughout the home buying process.
At Gibson Sotheby?s International Realty?s, we are available to support those who are relocating to a new town, state, or country. Through our extended Sotheby?s International Realty®network, we are able to connect our clients with top-tier, trusted sales associates across the globe What does this mean for you? It means that in addition to helping you sell your home, we can also connect you with someone we trust will provide the same white-glove service when helping you buy your next home, wherever that may be
We have the keys to where you want to be.
Client Testimonials
"Where to start? And how could a review ever give Sneha justice? We met her by coincidence during a showing At the time we were just window shopping and looking around But she had left such a heartwarming,authentic, and genuine impression that we knew we would reach out to her when we got serious And so we did (best decision ever!) We were first time buyers and had no clue where to start or how to undertake this venture Sneha was there every step of the way and throughout all possible roller-coasters of emotions! She relentlessly gave us guidance, answered our questions, and attended to our concerns She had a patience beyond what is generally humanly possible We have changed our "check list" for the perfect house God knows how many times (from location to high ceiling) And she always took it lightly and kept our best interest at heart We worked closely with her for more than a year, and have seen at least 40 houses Not once did Sneha make us feel "too much" or pressured us directly or indirectly to put an offer on a house And when we did,and went into absurd bidding wars, she was our sword and shield She fought for us until we got the house that ticked almost every crazy check box we had! If we are ever to do this again, Sneha is the one and only professional we would reach out to We can not recommend her enough "
? Lea and Ralph
"She is a wonderful person and realtor Sneha is knowledgeable about real estate business but also has the pulse about what we wanted and needed in this difficult time There was much pressure on all of us Sneha held fast, she was going to find us what we wanted! Sneha has a great sense of style in purchasing and arranging furniture for us She still maintains contact with us We are so grateful she was there for us She is the best and an invaluable asset to your business "
? Susan
"We chose to work with Sneha for her stellar reputation and are so happy we did. Not only did she get us through an incredibly stressful sale process, she negotiated a fantastic deal for us on our purchase too Throughout a prolonged and stressful process she was even keeled and unflappable. We felt that she held our best interests in mind from start to finish and were so impressed with her professionalism, knowledge of the market and kindness "
? Elizabeth and Chris
"Simply and categorically stated Sneha work was flawless If she were to be graded she would receive from my wife and me an A plus, plus A few examples are: She found many properties in many MA Towns over the several months we were looking and every one of them had merit so It was clear that she listened to us as to what we wanted and didn? t waste our time with properties which had no chance of interesting us She always kept us apprised of new listings as soon as they were posted and in fact due solely to her diligent work we finally found a townhouse which met all of our detailed needs and criteria If we didn? t respond to her telephone call immediately the property would have been sold before we even saw the property In fact we made an offer as soon as we viewed the model Sneha worked with the builders' selling agent and I am sure speeded up the completion date She was essential to us with dealing with extras and decorations She has a wonderful sense of style I could go on and on extolling all the great work Sneha with many adjectives but hopefully I have made my point so I will end by saying she is the best! One more thing My wife and I can? t wait to invite Sneha over to our new home after we fix it up because we wouldn? t be settled here without her I almost forgot to say that without hesitating I would recommend Sneha and your company to any potential client,and in fact have already done " ? Michael