Start by determining how much you can comfortably spend on a home. If you’re financing, get pre-approved by a lender to know your budget. For cash buyers, be ready to show proof of assets. Remember, even with financing, you’ll need cash for a down payment, typically ranging from 5% to 20% of the total loan amount, depending on the type of financing.
Once you’ve found a home, the seller’s attorney will prepare a contract for your review. With the help of your agent and attorney, you’ll conduct due diligence on the property. This includes inspections, appraisals, title searches, and land surveys to ensure there are no hidden issues.
If pre-approved, the mortgage process becomes simpler. Submit a mortgage application using the executed contract, providing employment, asset, debt, and income information, along with details about the home. You can apply with the bank that pre-approved you or explore other lenders for better rates.
After mortgage approval, the closing date is set. Your attorney coordinates with the seller’s side and the bank. Once closing is complete, you’ve officially purchased your new home. It’s time to celebrate your successful home search and move in!
After signing the final paperwork to complete the purchase, you are now the owner of a new house. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the home of your dreams.
Johnny was always available for home tours. His responsiveness was incredible. If he didn’t pick up, he always called back no longer than 5 minutes later. Seriously. I purchased a newly constructed condo, so it wasn’t a straigh...
Johnny will work with you to make your desires a reality. Johnny is also very well versed at dealing with other real estate agents. When there were disagreements about certain verbiage in documents, Johnny was patient and worke...
Johnny was 15 out of 10! He bent over backward for us. We started looking in Ft. Worth, but after 3 months it wasn’t working out, so even though he’s based in and lives in Frisco he was more than willing to continue to work wit...
Johnny changed a lot for us. He realized we didn’t have anyone managing our finances or looking at what loans we could afford. He introduced us to Frank at Novus Home Loans, who significantly changed our lives and allowed us to...
I will pass your name and number to friends and acquaintances who are ready to make a move in the area. You truly are the top in your field.