Buying a HomeIf you are interested in learning more about a particular property or are interested in finding a property that best suits your needs, please call The Hartsell Group at 702-560-5904. Please use our outline to walk yourself through the typical transaction. (Transactions can vary depending on each buyers specific needs)
STEP 1: Loan Pre Approval
The process is simple; a buyer will be introduced to the lender of their choice. This lender will assess the buyer’s financial status in relation to their future purchase. The pre-approval process can be completed over the phone in as little as 10 minutes. The lender will provide a pre-approval letter that informs the prospective buyer exactly how much the future loan amount can be, as well as what monthly payment on the purchase can be expected.
Not only does this process allow the prospective buyer to narrow their search for a property according to price, it also provides the prospective buyer with leverage in the purchase of the property. A seller will always consider a buyer with loan approval, but sellers are always weary of buyers without any form of guarantee of the intent to purchase.
For loan approval and more information about obtaining a home loan please contact us or your local bank.
STEP 2: Locating a Property
After compatible properties are found the agent will put together a package of information on the prospective properties for the buyer. The prospective buyers are then encouraged to view the selected properties, sorting through by the outside appearance. After choosing which properties have the best location and external appearance, the sales agent will escort the prospective buyers to view the inside of the properties.
Prospective buyers will choose the property that best suits their needs. After a property is located the sales price of the property must be determined. (See next step)
STEP 3: Determining a Price
STEP 4: The Purchase (Negotiation)
The contract becomes valid after both buyer and seller sign.
STEP 5: Opening Escrow
STEP 6: Close of Escrow
After signatures are completed the recording process will take place. At this time, the arranged purchase price transfers from the buyer to the seller. After the purchase is recorded the buyer will hold all interest in the property.
If you have any additional questions, please contact the Hartsell Group at 702-560-5904 or email him at firstname.lastname@example.org.