There are few experiences in life that beat the feeling of holding the keys to your new home in your hands. It’s a huge life event. It’s truly an honour to be part of that journey.
When buying or selling a home there can be a lot of jargon and it can feel like a confusing process. I make it simple, fuss-free and fun!
I explain every stage of the process clearly, I’m with you every step of the way.
It can feel overwhelming knowing where to start, I have an in-depth knowledge of the local market and specialise in relocations. Get in touch for an informal chat to start the process.
Professional and efficient, I work hard to get you the dream outcome, securing the best price for your property so you can relax and enjoy this next chapter in your life.
From Escrow to Contingencies, I make the process of buying or selling your home simple and straightforward steps to make the process easy and fun.
An appraisal is required to gather the estimated value of a piece of real estate. During the home sale, the mortgage lender sends out an appraiser to get a professional opinion of the value of the property. This helps the lender decide if the property is worth the amount of the loan the potential buyer is seeking.
A due diligence period of time might be available in the purchase agreement, which is a time frame provided to a buyer to fully examine a property, often by hiring experts to inspect the property, perform tests, etc., so that a buyer may decide on how to proceed.
A buyer might also be afforded an opportunity to renegotiate the contract based off of their findings or possibly even to terminate within a specified time period, in order to not be considered in default of the contract. Due diligence allows a buyer to fully understand what they are buying.
The escrow holder is the agent and depositary (impartial third-party) who collects the money, written instruments, documents, personal property, or other things of value to be held until the happening of specified events or the performance of described conditions, usually set forth in mutual, written instructions from the parties.
Closing costs are an assortment of fees, including fees charged by: a lender, the title company, attorneys, insurance companies, taxing authorities, homeowner’s associations, real estate agents, and other closing settlement-related companies. These closing costs are typically paid at the time of closing a real estate transaction.
Getting pre-approved requires home buyers to fill out an application that allows a lender to determine their financial situation, including their debt-to-income ratio, ability to repay, and credit-worthiness. Once this is in hand, the lender can give the buyer a letter stating the exact loan amount they have been pre-approved for along with the total sales price they are approved for.
The letter will usually indicate both the buyer’s estimated down payment along with the potential interest rate. Because it is much more thorough than a pre-qualification letter, most sellers prefer to see a pre-approval letter with an offer.
When you make an offer, sellers will require you to submit proof of funds. If you’re buying a house with a mortgage, it shows them that you have the cash available for your down payment and closing costs. If you’re paying all cash, your proof of funds shows you actually have the money.
The following documents qualify as proof of funds:
Original or online bank statements with bank letterhead
Copy of a money market account balance with bank’s logo or letterhead
Certified financial statements, such as an income or cash flow statement that’s been signed off on by an accountant
An open equity line of credit
Are you looking for your dream home and lifestyle here in North Carolina? You’re absolutely in the right place. You can contact me via phone, email, or by filling out the form here. I’ll get back to you as soon as possible.