Whether it's your first home or the culmination of
a lifetime dream, buying a home is very exciting. It's also a very
complex process. I can assist you with all of it--from discussing your
very first thoughts and wishes, through the signing of the final papers
and getting your keys, to any improvements you may want to make. I'll
guide you every step of the way and answer any questions you may have
throughout the process. My goal is to exceed your expectations and make
your home-buying experience as seamless, effortless and stress-free as
Finding the right
agent is important--someone with experience and knowledge, of
course--but also someone who cares about you and your needs. And,
whatever you need, whenever you need it--from getting the best mortgage
through home inspection to home improvement--I can help. I have a
network of outstanding home service professionals to recommend, and
they're as committed as I am to making sure everything is done right,
the first time. Contact me with any questions you may have about home
buying or to schedule a consultation.
you're looking for informal, no obligation, home buying information and
answers to your home-buying questions, I invite you to attend one of my
free home buying seminars. Click on the image below as a guide through
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Escrow, Inspections and Appraisal
Escrow is the process that starts when your purchase offer is accepted by the seller. It ends when you become the new registered owner of the property.
5.2 Title Company and Escrow Holder
You will need to select a title company and escrow holder, which acts as a neutral third party holding all instruments necessary to the sale, including funds and deed. The title company will research the complete recorded history of the property, to insure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title. Some properties are subject to restrictions which limit various activities from building to parking restrictions. There may be recorded easements and encroachments, where others have limited rights to use your property.
5.3 How to Hold Title
You may wish to consult with an attorney or tax advisor on the best way to hold title. Different methods of holding title have different legal, estate and tax implications, especially when \ selling or upon death of the title holder.
Once your offer is accepted by the seller, you'll need to have professional inspectors evaluate your home's major systems. Your agent may recommend other inspections, such as roof, chimney/fireplace, property boundary survey, well, septic, pool/spa, arborist or mold.
5.5 Appraisal and Lending
Keep in close communication with your lender, who will let you know when additional documents are needed to approve your loan application and fund your loan. The lender will often send an appraiser out to the property and you may pay a fee for this service. Appraisers are specialists in determining the value of properties, based on a combination of square footage measurements, building costs, and recent sales of comparable properties. When you are within two weeks of closing, double check with your lender to be sure the loan will go through smoothly and on time.
For more information and for any additional questions, please feel free to contact me at any time.