Helping You Buy a Home One Step at a Time
At River Shore Realty, we are here to guide you throughout the process of buying a new home. Our team is composed of friendly local experts who make sure that you feel comfortable and confident with each decision you make.
Factors to Consider When Purchasing a House
Acquiring Pre-Approval
You can have a licensed lender to help you evaluate your financial standing and acquire a pre-approval. A pre-approved status can help in making decisions during the home shopping process without obligating you to a lender. You can also have a pre-approval letter in hand to enhance your offer, especially when a seller has multiple choices to choose from.
Choosing Your Home
Your next step is to find the perfect home for you. We will present our listings in your favorite neighborhoods to help you discover the house that you like. Schedule your tour with us to view the property.
Setting Your Offer
When you are ready to make a purchase, we will help you make the best offer possible. We will take care of all the necessary paperwork and processes on your behalf. If the seller counters your pricing, we will serve as a middleman and negotiate for an agreement or until your offer is rejected.
Securing Under Contract
Once your offer is accepted, you will be officially under contract. This ensures that your home will not be sold to anyone else until closing. At this point, you can start to make your earnest money deposit and secure your mortgage loan. You can also work with a lender you trust to help determine the best loan for your situation.
Professional Inspection
We will help you find a licensed home inspector to evaluate your chosen property and report any problems regarding the house's condition. Depending on the agreement, we may also enter additional rounds of negotiation to resolve issues found during the inspection process.
Assessing the Value
Your lender will then arrange a professional appraisal of the home to confirm its value for all parties involved. If the home is less than the expected value, you can either renegotiate the agreement or terminate the contract.
Final Inspection
Before closing the deal, we will have one last walkthrough of the property to ensure that everything is in place. You will also be able to call out problems at this time. Depending on the purchase agreement, you can sign a formal contract addendum to confirm the completion of the inspection and that the home’s condition is acceptable.
Closing the Deal
For the final step, your lender will provide you with a final closing disclosure, summarizing the loan terms, monthly payments, taxes, and other costs. You can also confirm that you are clear to close and sign all the paperwork to complete your purchase and loan agreement. After your loan gets funded, the keys will be given to you, and you can move into your new home.
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