Buying & Selling

Buying a house is almost as easy as 1…2…3, at least we try to make it that easy! When you hire The Jaime Ross Team we will give you expert guidance throughout the buying process to help you avoid hiccups, frustrations and delays. We want you to feel confident and aware every step of the way.

Here are the steps we suggest you follow when buying a home.

1) Hire An Agent

Its important to hire an agent who understands your needs and will work along side you to help you meet your real estate goals. Find an agent who: understands the market, works in the local market, has experience with the type of real estate you’re trying to buy and most importantly is someone who you connect with and can trust.

2) Get Pre-Approved For A Mortgage

It’s very important that you speak with a mortgage professional and get pre-approved before you start searching for a home. Taking this initial step will allow you to #1) be shopping in the correct price range of homes and #2) allow you to present a competitive offer because you will be well informed of your financial readiness to buy a home.

3) Establish Buying Criteria

Once you know your home buying price range, work with your Realtor® to establish a Wants VS Needs criteria list that includes locations, number of bedrooms, size of yard, price range, etc. Your Realtor® can set up an automated search for you on the MLS. So that anytime a home becomes available you get immediate notification.

4) Tour Homes

Once you identify homes you are interested in, schedule a showing. It’s important to not delay in seeing the property. Houses can sell in the first day or two on the market and you won’t want to miss seeing the house. Its highly suggested that you are only seeing houses that fit your “Needs” list.

5) Make An Offer

If the house your seeing fits most of your Wants and Needs, then you should consider making an offer. There will be no perfect home, unless you build it and then it still may not be perfect. There is an old adage about real estate that says…“the perfect home will hit 80% of your needs and the other 20% you can either live without or you can change it.”

In other words, don’t wait around for a house that doesn’t exist.

6) Negotiate Terms

Talk with your real estate agent about writing a winning offer. Its important to make sure you put your best foot forward when preparing an offer if you want to win the contract. You never know if the seller has received another offer for the same property.

When sellers have multiple offers, they will typically go with the offer that benefits them the most.

Check out this helpful list of important “Real Estate Key Words

7) Under Contract

Congratulations! Your offer has been accepted. There is typically about 25-40 days between contract acceptance and closing and possession. There is a lot of work that goes into those days before closing. The work will be done by the entire team that is supporting you: Realtor®, Lender, Title Company, Home Inspector, Appraiser, Insurance Company, etc.

Check out this helpful guide for “What Not To Do When Under Contract”

8) Buyer Due diligence

You typically will have sometime between 7 and 10 days to perform your due diligence inspections. The due diligence inspections are optional inspections that buyer is responsible for. These inspections are mean to identify things about the property that you may not know from the disclosure or from just touring the home. During the diligence period, if there are detrimental things found during the inspections it may be a time to cancel the contract or negotiate with the seller to make repairs or provide credits.

Typical buyer inspections include: Home Inspections, Termite Inspections, Plumbing Inspections, Electrical Inspections, Structural Inspections, etc.

9) Appraisal   

When getting a loan from a financial institute, the lender will more than likely require the property to have value at least equal to the sales price. The lender will order an unbiased 3rd party appraiser who will determine the value of the property.

10) Title Work

The title company or attorney’s office will complete title work on the property and prepare the new deed to transfer the property into the buyer’s name at closing. The title work is important to ensure that all liens on the property have been identified and paid off at the time of closing.

As your title company about owner’s title insurance. This insurance policy is a one-time purchase and is highly recommended to homeowners. This policy will protect your interests in the event something arises after closing that would affect the title to the property.

11) Prepare For Closing

A few extra details to tend to before closing will be to:

  • Line up your moving help. Its recommended to schedule moving for the day after closing.
  • Be prepared to transfer all utilities the day of closing.
  • Ensure the cash you need for closing is already in the bank. Talk to the closing office about how you should bring your closing funds (wire, check, cashier check, etc).
  • Purchase home insurance.

12) Final Walk Through

The day of or the day prior to closing you will attend a walk through of your new home. The purpose of this walk through is to verify any repairs required prior to closing have been completed and also to ensure that there is no new damage to the house. You should expect to see very minor damage such as a scuff on paint, etc. However, you should not expect to see changes to the overall property such as different light fixtures, different appliances, etc.

13) Closing & Possession

Congratulations! Its closing day! By this time, you will know exactly how much money to bring to closing and how you should bring it, you will have already completed your walk through and accept the property in the current condition. Now you just need to show up to the closing office and bring a copy of your driver’s license. The closer will walk you through all the paperwork and will explain to you all the terms and conditions of the closing papers you are signing.

Once all the papers have been signed by both the buyer and seller, the lender will get a copy of the paperwork to review and then will transfer the funds over to the buyers closing office to fulfil your financial obligation of buying the home.

The keys will be exchanged once the seller’s closing office has received the funds from the buyer’s closing office. Sometimes key exchanges happen on the same day of closing and sometimes it happens the day after closing.

It is recommended that closing appointments be set up Mon-Thursday and early in the day.

Ready to get started? Call one of our buyers agents to schedule a buyers consultation today.

Billy Ross

Helping my clients find just the right fit is my specialty...

Amanda Linton

I am thrilled to be part of this award-winning team.

Sellers

Getting your home sold for top dollar and in the timeline that works for you is our #1 priority. In order to set achieve this level of success there are a few things that we will need to work through before we put a sign in the yard! Check out the top 7 tasks every seller should do before listing their home.

Hire An Agent

Its important to hire an agent who understands your needs and will work alongside you to help you meet your real estate goals. Find an agent who: understands the market, works in your local market, has experience with the type of real estate you’re trying to sell and most importantly is someone who you connect with and can trust.

Get Pre-Qualified To Buy

Before you sell your home, it will be important to have a good idea of where you are going. This step is especially important if you are trying to buy and sell at the same time.

It’s very important that you speak with a mortgage professional and get pre-approved before you start searching for a home. Taking this initial step will allow you to #1 be shopping in the correct price range of homes and #2 allow you to present a competitive offer because you will be well informed of your financial readiness to buy a home.

As part of the conversation with your lender, it will be important to know if you are required to sell your current home in order to qualify for your new home.

Price Your Home Correctly

Correctly pricing your home is always one of the most effective ways of ensuring that your home will sell quickly and does not linger on the market for too long. When considering a price for your home its important to have a good understanding of your home’s competition. The competition for your home could be other homes:

  • In the general vicinity of your home
  • of similar size and age
  • of similar condition
  • with similar amenities

Make Necessary Repairs

If there are things that need to be repaired, make arrangements to have that done before you put the house on the market. All the little things an the major things can have a big impact on the salability of your home. Ask yourself,

“Would you buy your home in the current condition and at the price you have established?”

Declutter And Pre-Pack

Its important to neutralize the property before it goes on the market. Take down family photos, personal items, pack away things you don’t need. This step will help the home feel more spacious.

A general rule of thumb is to have:

  • 75% of the closet cleared out
  • Store nothing on the floor in rooms or in the closets
  • Clean out drawers and cabinets
  • Remove oversized furniture

Deep Clean

Nothing can turn off a buyer faster than an unclean home. After you pack and declutter, consider hiring a professional cleaner to come in and clean the house from top to bottom and also have any carpets cleaned. A clean home will be a bright home and will allow buyers to walk through the house and focus on the property.

Stage

Your Realtor® will assist you in staging your home using your own items to get it ready for showings and professional photography. Talk to your agent about tips to keep the house show ready even while you are living there!

Ready to get started? Call our listing specialist today to schedule sellers’ consultation today.

Jaime Ross

I truly enjoy meeting people in their real estate needs...