New Home Purchase

With the dramatic rise and fall of housing prices over the last decade, consumers have new respect for homes as investments. But the flip side, is that your investment is still a home, one you’re likely to occupy for several years or more.


According to the annual Profile of Home Buyers and Sellers, compiled by the National Association of REALTORS®, the primary reason buyers cite for purchasing a home is simply the desire to own, followed closely by the desire for more space, and a change in the family situation. For most people, buying a home is more about giving household members more comfortable living arrangements and putting them closer to jobs, favorite activities, other family and friends. What are your goals for buying a home? You might want a better home and neighborhood. You might want a different kind of living experience, such as moving from an apartment to a single-family home with a private garage and yard. Your family may be growing, so you have to think about school districts and proximity to parks and other recreation. If you’re not certain, you might think about what would change about your situation if you became a homeowner. You’ll definitely be more established. If you’re like most homebuyers, you expect to stay in your new home about 10 years.



You’ll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflation will eventually allow you to recoup most if not all of your investment, or make a profit when you sell. Affordability may also be an important factor for you. The combination of low interest rates and low prices allows you to buy more home for the money. Rents are rising, making ownership more affordable than renting in many areas, especially when you factor in tax incentives such as mortgage interest deductions and property taxes allowable as deductions against your income. When you buy, make your goals long-term. Choose the home you think will serve your household’s needs the best for the longest period of time, as it’s been proven that the longer you own a home, the more equity you’ll build. Today’s market conditions and affordability, make it more likely that you will reach your homebuying goals, no matter what they are.


It’s time to make an offer, so what happens next?

First, we will provide you with as much background, details and disclosures on the property as possible. Next, we will discuss a strategy for your offer considering your needs while making it as appealing as possible to the sellers. We will represent your interests when presenting your offer to the seller and their agent. We will highlight and discuss the details of your offer as well as address any questions they may have. Follow up negotiations may be necessary during your offer consideration period. The seller could take a number of steps in response to your offer such as: accept it as is, reject it as is, counter specific changes to the offer, counter multiple offers with the same or different changes to each offer. Each contract and offer is different. Deal points will take into consideration both parties financial position, diligence in investigation of the property, timing to close and moving necessities. We will provide you with guidance, options, ideas and information along the way. We will also follow through in presenting and executing on your decisions as we represent your interests. Once both parties are able to find common ground on deal points and the offer is fully accepted and executed, it will be time to move toward closing!


We have found you a home, successfully negotiated a contract and have an accepted offer.

It is time to open escrow! An escrow and title account is opened with a third party company who facilitate the neutral management and disbursement of all monies exchanging hands. Typically escrow and title are handled by one company, but it can be handled by two different third party entities. In this process, the company will provide a title report for review, receipt of your initial deposit and assist with the final estimated closing costs, as well as signing of all the final closing paperwork. Once you have started the escrow process there will be a number of action items with specific deadlines required by the various parties in the transaction. Each of these action items are determined by the specifics of your accepted contract and local regulations or laws. Some examples will be:

• Review of property disclosures

• Buyer inspections

• An appraisal

• City or county required inspections


We will manage the details throughout the escrow process, providing you guidance on what you need to complete and when. We will also coordinate with the multiple involved parties to ensure each are meeting the required actions and deadlines. When every step is complete, and every condition is met, you will be able to sign your final paperwork, deposit remaining monies and close escrow to receive the keys to your new home!