Whether your dream home is new construction or an existing home, you will want to know what to look for as you begin your home search. Think of features that are important to you and create a checklist to serve as your roadmap for buying a home.
Review the list below and find out how your Vierig and Company Real Estate Residential Brokerage Sales Associate will help you conduct a home search, negotiate, and close on a new home.
Your Vierig and Company Real Estate Sales Associate will help you with the process of buying a home while representing your best interests throughout the purchase process.
Use the home buyer checklist below to prevent errors and to stay on track:
•Get pre-approved for a mortgage, look into credit report, FICO score, type of mortgage, shop for best rates, and programs. Determine your wants and needs: style of home, size, price, location
•Seek out a Vierig and Company Real Estate Sales Associate. Compare the services of different agents and look for good personal chemistry
•Check out the neighborhoods, schools, crime rate, traffic, zoning, and work commutes
•Rely on your Vierig and Company Real Estate Sales Associate’s expertise and in-company resources.
•Check the Web for helpful information
•Do your research and evaluate each property of interest
•Visit or have your Vierig and Company Real Estate Sales Associate visit the town or city hall to learn of any zoning changes, liens, easements, or other restrictions.
•Be informed and your Vierig and Company Real Estate Sale Associate will prepare your offer and apply their trained negotiating skills during the buying process
•Get your Vierig and Company Real Estate Sales Associate to prepare a property value study. Ask the seller if there are any other offers and ascertain their motivation for selling, deadlines, etc.
•Hire a certified inspector to conduct a home inspection and any other specific inspections
•To prevent surprises and disappointments after you move into your new home, use the inspection period written into your contract to fullest advantage by hiring a home inspector to thoroughly examine the home you want to buy.
•Be aware of the final negotiating factors that may benefit you in the purchase of the home.
•Use the inspection report to re-negotiate, if necessary.
•To prevent surprises after the fact, your agent will schedule a walk-through of the property before the actual closing (usually an hour or two before). Together, you and your agent will re-examine the home to (1) see that requested repairs have been made, (2) to determine if there are any changes or new damage since the home inspection, and (3) see that all of the sellers belongings have been removed from the premises as agreed. Once your walk-through has been completed, you can sit at the closing table with less worry knowing that your home is ready and waiting for you.
You many find that you need to add some steps, based on your special situation, to create a customized home buying checklist for yourself. However, this should serve as a helpful guide as you start on the road to purchasing your dream home
You’ve made the decision to buy a new home!
Once you’ve made your list, contact your local Coldwell Banker Residential Brokerage agent to begin the home buying process. If you are not already working with a CBRES agent, you can click on Agent and Office Search on our home page. Be assured that by choosing a Coldwell Banker agent you will find a professionally trained, experienced agent to offer you agency representation options and full service.
Your agent can put you in contact with Coldwell Banker Home Loans so you can be pre-approved for a mortgage even before starting the house hunting process. Although the pre-approval is not a final loan commitment, the pre-approval letter will demonstrate your financial strength and ability to go through with the purchase when you are ready to make an offer.
Your agent can provide detailed information on almost any property currently listed for sale. This includes Coldwell Banker listings as well as all other real estate broker listings on the Multiple Listing Service. In addition, your agent can also provide information on homes that you see advertised for sale in the newspaper or online. This also includes information on properties that are advertised “For Sale by Owner". Your Coldwell Banker agent is the only resource you’ll need.
In addition, during this initial phase of your home search, you may wish to begin the process of selecting a local Real Estate attorney to represent you once you have an accepted offer on a home. If needed, your agent can provide you with a list of local attorneys that specialize in real estate.
The next step…you've found a home and you’re ready to make an offer!
The initial step will be to instruct your Coldwell Banker agent to make an offer. Typically, you will provide your agent with the following information for them to relay to the seller’s associate regarding the paperwork required in their marketplace:
•The amount you are willing to pay
•Closing and occupancy dates
•Contingencies, such as obtaining a mortgage, building inspections, and pest inspections to include where appropriate (but not limited to): termite, pest, radon, water potability, well, lead, septic, oil tank, etc
Any personal property specifically included or excluded. If the offer is not acceptable to the seller, further negotiations may be necessary to reach terms agreeable to both buyer and seller. Because counter-offers are common (any change in the offer can be considered a counter-offer) it is important that you remain in close contact with your Coldwell Banker agent during the negotiation process so that proposed changes can be reviewed and responded to quickly.
You have an Acceptable Offer!
Since the Contract writing procedure, down payments required, building inspection contingency dates, etc., may vary within areas of Utah, please consult with your Coldwell Banker agent so that they can inform you of the immediate action steps. Timing is critical at this stage!
Between Contract and Closing
We can assist you with the services you need before, during, and after your move. From moving companies and new community information, to home improvement services we’re here to help you every step of the way.
What to expect at the closing
The closing is a formal process where all parties sign all of the necessary paperwork needed to complete the transaction Title so the property is transferred from the seller to you. The seller receives payment for the home, and you receive the house keys! From the amount credited to the seller, the title representative subtracts the funds to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed, and ultimately filed with local property record office.